Common use of Original Member and Admission of Additional Members Clause in Contracts

Original Member and Admission of Additional Members. Subject to Section 3.7, the original Member has the right to admit additional Members. Until the admission of an additional Member, the original Member has all the power and authority of the Members under this Agreement. Upon the admission of an additional Member, this Agreement shall be amended in accordance with Section 5.4 to reflect the rights and responsibilities of the Members.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Safeway Stores 42, Inc.)

AutoNDA by SimpleDocs

Original Member and Admission of Additional Members. Subject to Section 3.7, the The original Member has the right to admit additional Members. Until the admission of an additional Member, the original Member has all the power and authority of the Members under this Agreement. Upon the admission of an additional Member, this Agreement shall be amended in accordance with Section 5.4 to reflect the rights and responsibilities of the Members.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (ArcelorMittal), Limited Liability Company Agreement (Mittal Steel USA Inc.), Limited Liability Company Agreement (Mittal Steel USA Inc.)

Original Member and Admission of Additional Members. Subject to Section 3.7, the original Member has the right to admit additional Members. Until the admission of an additional Member, the original Member has all the power and authority of the Members under this Agreement. Upon the admission of an one or more additional MemberMembers, this Agreement shall be amended in accordance with Section 5.4 to reflect the rights and responsibilities of the Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Safeway Stores 42, Inc.)

Original Member and Admission of Additional Members. Subject to Section 3.73.4, the original Member has the right to admit additional Members. Until the admission of an additional Member, the original Member has all the power and authority of the Members under this Agreement. Upon the admission of an additional Member, this Agreement shall be amended in accordance with Section 5.4 to reflect the rights and responsibilities of the Members.

Appears in 1 contract

Samples: Operating Agreement (Safeway Stores 42, Inc.)

AutoNDA by SimpleDocs

Original Member and Admission of Additional Members. Subject to Section 3.7, the original Member has the right to admit additional Members. Until the admission of an additional Member, the original Member has all the power and authority of the Members under this Agreement. Upon the admission of an additional Member, this Agreement shall be amended in accordance with Section 5.4 6.4 to reflect the rights and responsibilities of the Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (OGE Enogex Partners L.P.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!