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.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (BioFuel Energy Corp.), Limited Liability Company Agreement (BioFuel Energy Corp.), Limited Liability Company Agreement (BioFuel Energy Corp.)
Required Amendments; Continuation. If and to the extent any transferee is admitted as a Member pursuant to Section 8.079.7, this Agreement shall be amended to admit such transferee as a Member and to reflect the elimination of the transferor transferring Member (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 Delaware Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Deep Down, Inc.)
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 '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.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BioFuel Energy Corp.)
