Common use of Subsequent Parties Clause in Contracts

Subsequent Parties. No person may become a Member of the Company without first assenting to and signing this Agreement. Any act by the Company to offer or provide member status, or reflect that status in the Company’s required records, automatically includes the condition that the person becoming a member first assents to and signs this Agreement. Furthermore, no Member may offer to assign or assign Governance Rights or Membership Units unless the assignee has assented to and signed this Agreement.

Appears in 4 contracts

Samples: Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC)

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Subsequent Parties. No person Person may become a Member of the Company without first assenting to and signing this Agreement. Any act by the Company to offer or provide member status, or reflect that status in the Company’s required records, automatically includes the condition that the person Person becoming a member Member first assents to and signs this Agreement. Furthermore, no Member may offer to assign or assign Governance Rights or Membership Units unless the assignee has assented to and signed this Agreement.

Appears in 4 contracts

Samples: Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC), Operating Agreement

Subsequent Parties. No person may become a Member member of the Company without first assenting to and signing this Agreement. Any act by the Company to offer or provide member status, or reflect that status in the Company’s required recordsRequired Records, automatically includes the condition that the person becoming a member first assents assent to and signs sign this Agreement. Furthermore, no Member member may offer to assign or assign Governance Rights governance rights or Membership Units membership units unless the assignee has assented to and signed this Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Agassiz Energy, LLC), Operating Agreement (Agassiz Energy, LLC)

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Subsequent Parties. No person may become a Member of the Company without first assenting to and signing this Agreement. Any act by the Company to offer or provide member status, or reflect that status in the Company’s 's required records, automatically includes the condition that the person becoming a member first assents to and signs this Agreement. Furthermore, no Member may offer to assign or assign Governance Rights or Membership Units unless the assignee has assented to and signed this Agreement.

Appears in 1 contract

Samples: Member Control Agreement (Granite Falls Community Ethanol Plant LLC)

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