Common use of Membership Interests; Additional Members Clause in Contracts

Membership Interests; Additional Members. As of the date hereof, the Members own Membership Interests in the Company with the Sharing Ratios as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members on such terms and conditions as the Board determines at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers and duties. The Board may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers and duties, and such an amendment shall be approved by the Board and executed by the Proper Officers. The current Members may also admit Persons to the Company as Members on such terms and conditions as the Members may determine in their own discretion at the time of admission. Any such admission is effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the Member’s ratification of this Agreement and agreement to be bound by it.

Membership Interests; Additional Members. As of The Members and the date hereof, the Members own Membership Interests in the Company with owned by each Member on the Sharing Ratios date hereof are as reflected in Exhibit A attached hereto. Exhibit A attached hereto may be updated from time to time to reflect changes in the information set forth therein accomplished in accordance with the terms of this Agreement. Persons may be admitted to the Company as Members Members, on such terms and conditions as the Board determines Members, without any approval of the Board, determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios Percentage Interest applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers powers, and duties. The Board Members may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers powers, and duties, and such an amendment shall be approved by the Board and executed by the Proper Officers. The current Members may also admit Persons to the Company as Members on such terms and conditions as the Members may determine in their own discretion at the time of admissionMembers. Any such admission is effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s 's ratification of this Agreement and agreement to be bound by it.