Common use of Recognition of Transfer; Substituted and Additional Members Clause in Contracts

Recognition of Transfer; Substituted and Additional Members. (a) No direct or indirect Transfer of all or any portion of a Member’s Membership Interest may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Membership Interest shall be admitted to the Company as a substituted or additional Member hereunder, unless:

Appears in 18 contracts

Samples: Limited Liability Company Agreement (RCS Capital Corp), Limited Liability Company Agreement (RCS Capital Corp), Limited Liability Company Agreement (RCS Capital Corp)

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Recognition of Transfer; Substituted and Additional Members. (a) No direct or indirect Transfer of all or any portion of a Member’s Membership Interest Units may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Membership Interest Units shall be admitted to the Company as a substituted or additional Additional Member hereunder, unless:

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Real Good Food Company, Inc.), Limited Liability Company Agreement (Real Good Food Company, Inc.), Limited Liability Company Agreement (Allvue Systems Holdings, Inc.)

Recognition of Transfer; Substituted and Additional Members. (a) No direct or indirect Transfer of all or any portion of a Member’s Membership Interest Common Units may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Membership Interest Common Units shall be admitted to the Company as a substituted or additional Additional Member hereunder, unless:

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Carvana Co.), Limited Liability Company Agreement (Carvana Co.), Limited Liability Company Agreement (Carvana Co.)

Recognition of Transfer; Substituted and Additional Members. (a) No direct or indirect Transfer of all or any portion of a Member’s Membership Interest Units may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Membership Interest Units shall be admitted to the Company as a substituted Substituted Member or additional Additional Member hereunder, unless:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Vivid Seats Inc.), Limited Liability Company Agreement (Vivid Seats Inc.), Limited Liability Company Agreement (Horizon Acquisition Corp)

Recognition of Transfer; Substituted and Additional Members. (a) No Except for transfers made pursuant to the Exchange Agreement, no direct or indirect Transfer of all or any portion of a Member’s Membership Interest may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Membership Interest shall be admitted to the Company as a substituted or additional Additional Member hereunder, unless:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Jones Energy, Inc.), Limited Liability Company Agreement (Jones Energy, Inc.), Limited Liability Company Agreement (Jones Energy, Inc.)

Recognition of Transfer; Substituted and Additional Members. (a) No direct or indirect Transfer of all or any portion of a Member’s Membership Interest Units may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Membership Interest Units shall be admitted to the Company as a substituted Substituted Member or additional Additional Member hereunderunder this Agreement, unless:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Bitcoin Depot Inc.), Limited Liability Company Agreement (GSR II Meteora Acquisition Corp.), Limited Liability Company Agreement (GSR II Meteora Acquisition Corp.)

Recognition of Transfer; Substituted and Additional Members. (a) No direct or indirect Transfer of all or any portion of a Member’s Membership Interest may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Membership Interest shall be admitted to the Company as a substituted Substituted Member or additional Additional Member hereunder, unlessif:

Appears in 3 contracts

Samples: Operating Agreement (Enovation Controls, Inc.), Limited Liability Company Agreement (Malibu Boats, Inc.), Limited Liability Company Agreement (Malibu Boats, Inc.)

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Recognition of Transfer; Substituted and Additional Members. (a) No direct or indirect Transfer of all or any portion of a Member’s Membership Interest common units may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Membership Interest common units shall be admitted to the Company as a substituted or additional Member hereunder, unless:

Appears in 2 contracts

Samples: Operating Agreement (Evolent Health, Inc.), Operating Agreement (Evolent Health, Inc.)

Recognition of Transfer; Substituted and Additional Members. (a) No Except for transfers made pursuant to Section 9.4, no direct or indirect Transfer of all or any portion of a Member’s Membership Interest may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Membership Interest shall be admitted to the Company as a substituted or additional Additional Member hereunder, unless:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Kelso GP VIII, LLC), Limited Liability Company Agreement (Tallgrass Energy GP, LP)

Recognition of Transfer; Substituted and Additional Members. (ac) No Except for transfers made pursuant to Section 9.4, no direct or indirect Transfer of all or any portion of a Member’s Membership Interest may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Membership Interest shall be admitted to the Company as a substituted or additional Additional Member hereunder, unless:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tallgrass Energy GP, LP)

Recognition of Transfer; Substituted and Additional Members. (a) No direct or indirect Transfer of all or any portion of a Member’s Membership Interest Common Units may be made, and no purchaser, assignee, transferee or other recipient of all or any part of such Membership Interest Common Units shall be admitted to the Company as a substituted or additional Member hereunder, unless:

Appears in 1 contract

Samples: Operating Agreement (OTG EXP, Inc.)

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