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.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Centerpoint Properties Trust), Limited Liability Company Agreement (Keystone Property Trust)
Required Amendments; Continuation. If and to the extent any Assignee is admitted as a Member pursuant to Section 9.6Substituted Member, this Agreement shall be amended to admit such Assignee or Person as a Member member and to reflect the elimination of the Transferring Member transferor member (or the reduction of such Membership InterestMember’s 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 Article IV shall be deemed effective on the effective date of such amendment to this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (U.S. Shipping Partners L.P.), Limited Liability Company Agreement (U.S. Shipping Partners L.P.)
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 Article IX shall be deemed effective on the effective date of such amendment to this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Centerpoint Properties Trust), Limited Liability Company Agreement (Centerpoint Properties Trust)
Required Amendments; Continuation. If and to the extent any Assignee is admitted as a Member pursuant to Section 9.69.4, 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 Article IX shall be deemed effective on the effective date of such amendment to this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Phillips Edison Grocery Center Reit Ii, Inc.), Limited Liability Company Agreement (Centerpoint Properties Trust)
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.. SECTION 9.9
Appears in 1 contract
Samples: www.sec.gov
Required Amendments; Continuation. If and to the extent any Assignee is admitted as a Member pursuant to Section 9.6Substituted Member, this Agreement shall be amended to admit such Assignee or Person as a Member member and to reflect the elimination of the Transferring Member transferor member (or the reduction of such Membership InterestMember's 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 Article IV shall be deemed effective on the effective date of such amendment to this Agreement.
Appears in 1 contract
Samples: U.S. Shipping Partners L.P.
