Required Amendments; Continuation. If and to the extent any Assignee is admitted as a Member pursuant to Section 9.6, this Agreement shall be amended to admit such Assignee as a Member and to reflect the elimination of the Transferring Member (or the reduction of such Membership Interest) and (if and to the extent then required by the Act) a certificate of amendment to the Certificate reflecting such admission and elimination (or reduction) shall be filed in accordance with the Act. The admission of any substitute Member pursuant to this ARTICLE IX shall be deemed effective on the effective date of such amendment to this Agreement.
Required Amendments; Continuation. If and to the extent any transferee is admitted as a Member pursuant to Section 8.07, this Agreement shall be amended to admit such transferee as a Member and to reflect the elimination of the transferor (or the reduction of such Member’s interest) and (if and to the extent then required by the Delaware Act) a certificate of amendment to the Certificate reflecting such admission and elimination (or reduction) shall be filed in accordance with the Act.
Required Amendments; Continuation. If and to the extent any Transfer of an interest in the Company is permitted hereunder, this Agreement shall be amended to reflect the admission to the Company of the transferee Member and, if such Transfer is a Transfer of all of the transferor Member's interest in the Company, the elimination of the transferor Member. Any Person who shall become an additional or substituted Manager of the Company in accordance with this Agreement is hereby expressly authorized and directed to continue the business of the Company, subject to the terms and conditions of this Agreement.
Required Amendments; Continuation. 19 8.8 Resignation...........................................................................19
Required Amendments; Continuation. If and to the extent any transfer of a Company Interest is permitted hereunder and the transferee is admitted as a Member, this Agreement shall be amended to reflect such admission or transfer and the elimination of the transferor Member and (if and to the extent then required by the Act) a certificate of amendment to the Certificate reflecting such admission and elimination shall be filed in accordance with the Act. The admission of any substitute Member pursuant to this Article shall be deemed effective immediately prior to the transfer of a Company Interest to such substitute Member. If the transferor Member has transferred all of its Company Interest pursuant to this Article, then, immediately following such transfer, the transferor Member shall cease to be a member of the Company.
Required Amendments; Continuation. If and to the extent any Assignee is admitted as a Member pursuant to Section 9.1(f), the Board shall amend the Schedule of Members to reflect the admission of such Assignee as a member and the elimination of the transferor Member (or the corresponding reduction of such Member’s interest), and (if and to the extent then required under this Agreement or by the Delaware Act) the Board shall amend this Agreement and, if required by statute, cause the filing of a certificate of amendment to the Certificate reflecting such admission and elimination (or reduction) in accordance with the Delaware Act. Holdings LLC shall deliver a copy of an updated Schedule of Members to any Member upon such Member’s request. The admission of any Assignee as a Member pursuant to this Article IX shall be deemed effective on the effective date of such amendment to the Schedule of Members.
Required Amendments; Continuation. If and to the extent any transfer of an interest in the Partnership is permitted hereunder, this Agreement shall be amended to reflect the admission to the Partnership of the transferee Partner and the elimination of the transferor Partner.
Required Amendments; Continuation. 37 ARTICLE 11 CALL/PUT OPTIONS................................................ 37 11.1. Call Option..................................................... 37 11.2. Put Option...................................................... 38 11.3. Determination of Measured Earnings.............................. 39 11.4. Closing......................................................... 40 11.5. Transferees..................................................... 42 ARTICLE 12 TERMINATION..................................................... 42 12.1. Events of Dissolution/Reconstitution............................ 42 12.2. Application of Assets........................................... 43
Required Amendments; Continuation. 51 Section 9.9 Resignation. . . . . . . . . . . . . . . . . . . . . 51 Section 9.10 No Appraisal Rights. . . . . . . . . . . . . . . . . 51 Section 9.11
Required Amendments; Continuation. Sale by Shipping Master of All or a Majority of the Membership Interest
