New Members from the Issuance of Units. In order for a Person to be admitted as a Member of the Company pursuant to the issuance of Units to such Person such Person shall have executed and delivered to the Secretary of the Company a written undertaking to be bound by the terms and conditions of this Agreement substantially in the form of Exhibit A hereto. Upon the amendment of the Member Schedule by the Secretary of the Company and the satisfaction of any other applicable conditions, including the receipt by the Company of payment for the issuance of the applicable Units, such Person shall be admitted as a Member and deemed listed as such on the books and records of the Company and thereupon shall be issued his or its Units.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Convergence, LLC), Limited Liability Company Agreement (Tempur Pedic International Inc), Limited Liability Company Agreement (Sealy Texas Holdings LLC)
New Members from the Issuance of Units. In order for a Person to be admitted as a Member of the Company pursuant to by reason of the issuance of Units to such Person by the Company, such Person shall have executed and delivered to the Secretary of the Company a written undertaking to be bound by the terms and conditions of this Agreement substantially in the form of Exhibit A hereto. A. Upon the amendment of the Member Members Schedule by the Secretary of the Company and the satisfaction of any other applicable conditions, including the receipt by the Company of payment for the issuance of the applicable Units, such Person shall be admitted as a Member and deemed listed as such on the books and records of the Company and thereupon shall be issued his or its UnitsCompany.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Language Line Services Holdings, Inc.), Limited Liability Company Agreement (Language Line Services Holdings, Inc.)
New Members from the Issuance of Units. In order for a Person to be admitted as a Member of the Company pursuant to the issuance of Units to such Person Person, such Person shall have executed and delivered to the Secretary of the Company a written undertaking to be bound by the terms and conditions of this Agreement substantially in a form acceptable to the form of Exhibit A heretoCompany. Upon the amendment of the Member Members Schedule by the Secretary of the Company and the satisfaction of any other applicable conditions, including including, if a condition, the receipt by the Company of payment for the issuance of the applicable Units, such Person shall be admitted as a Member and deemed listed as such on the books and records of the Company and thereupon shall be issued his or its Units. The Board shall also adjust the Capital Accounts of the Members as necessary in accordance with Section 6.2.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (ElectroCore, LLC), Limited Liability Company Agreement (ElectroCore, LLC)
New Members from the Issuance of Units. In order for a Person to be -------------------------------------- admitted as a Member of the Company pursuant to the issuance of Units to such Person Person, such Person shall have executed and delivered to the Secretary of the Company a written undertaking to be bound by the terms and conditions of this Agreement substantially in the form of Exhibit A C hereto. Upon the amendment of --------- the Member Members Schedule by the Secretary of the Company and the satisfaction of any other applicable conditions, including the receipt by the Company of payment for the issuance of the applicable Units, such Person shall be admitted as a Member and deemed listed as such on the books and records of the Company and thereupon shall be issued his or its Units. The Board shall also adjust the Capital Accounts of the Members as necessary in accordance with Section 6.2.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Muzak Finance Corp)
New Members from the Issuance of Units. In order for a Person to be admitted as a Member of the Company pursuant to the issuance of Units to such Person Person, such Person shall have executed and delivered to the Secretary of the Company a written undertaking to be bound by the terms and conditions of this Agreement substantially in the form of Exhibit EXHIBIT A hereto. Upon the amendment of the Member Members Schedule by the Secretary of the Company and the satisfaction of any other applicable conditions, including the receipt by the Company of payment for the issuance of the applicable Units, such Person shall be admitted as a Member and deemed listed as such on the books and records of the Company and thereupon shall be issued his or its Units.
Appears in 1 contract
New Members from the Issuance of Units. In order for a Person to be -------------------------------------- admitted as a Member of the Company pursuant to the issuance of Units to such Person such Person shall have executed and delivered to the Secretary of the Company a written undertaking to be bound by the terms and conditions of this Agreement substantially in the form of Exhibit A hereto. Upon the amendment of --------- the Member Schedule by the Secretary of the Company and the satisfaction of any other applicable conditions, including the receipt by the Company of payment for the issuance of the applicable Units, such Person shall be admitted as a Member and deemed listed as such on the books and records of the Company and thereupon shall be issued his or its Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Muzak Finance Corp)
New Members from the Issuance of Units. In order for a Person to be admitted as a Member of the Company pursuant to by reason of the issuance of Units to such Person by the Company other than in connection with the exercise of an Option, such Person shall have executed and delivered to the Secretary secretary of the Company a written undertaking to be bound by the terms and conditions of this Agreement substantially in the form of Exhibit A hereto. Upon the amendment of the Member Members and Option Holders Schedule by the Secretary secretary of the Company and the satisfaction of any other applicable conditions, including the receipt by the Company of payment for the issuance of the applicable Units, such Person shall be admitted as a Member and deemed listed as such on the books and records of the Company and thereupon shall be issued his or its UnitsCompany.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Atlantic Broadband Management, LLC)
New Members from the Issuance of Units. In order for a Person -------------------------------------- to be admitted as a Member of the Company pursuant to the issuance of Units to such Person such Person shall have executed and delivered to the Secretary of the Company a written undertaking to be bound by the terms and conditions of this Agreement substantially in the form of Exhibit A hereto. Upon the amendment of the Member Schedule by the Secretary of the Company and the satisfaction of any other applicable conditions, including the receipt by the Company of payment for the issuance of the applicable Units, such Person shall be admitted as a Member and deemed listed as such on the books and records of the Company and thereupon shall be issued his or its Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bi Acquisition LLC)
New Members from the Issuance of Units. In order for a Person to be admitted as a Member of the Company pursuant to the issuance of Units to such Person such Person shall have executed and delivered to the Secretary of the Company a written undertaking to be bound by the terms and conditions of this Agreement substantially in the form of Exhibit A hereto. Upon the amendment of the Member Members Schedule by the Secretary of the Company and the satisfaction of any other applicable conditions, including the receipt by the Company of payment for the issuance of the applicable Units, such Person shall be admitted as a Member and deemed listed as such on the books and records of the Company and thereupon shall be issued his or its Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ladder Capital Commercial Mortgage Securities LLC)