Common use of Substitute or Additional Members Clause in Contracts

Substitute or Additional Members. (a) Any Person wishing to be admitted to the Company as an additional Member, other than by virtue of the permitted Transfer to such Person of a Membership Interest pursuant to Section 10.2 above, may be admitted only with the Unanimous Consent of the Board, which consent may be granted or withheld in the sole discretion of the Directors and may be made subject to the satisfaction of such conditions as the Board may require.

Substitute or Additional Members. (a) Any Person wishing to be admitted to the Company as an additional Class A, Class B or Class C Member, other than by virtue of the permitted Transfer to such Person of a Membership Interest pursuant to Section 10.2 aboveSections 11.2 and 11.3, may be admitted only with the Unanimous Consent Approval of the Board, which consent approval may be granted or withheld in the sole discretion of the Directors and may be made subject to the satisfaction of such conditions as the Board may require.

Substitute or Additional Members. (a) Any Person wishing to be admitted to the Company as an additional Member, other than by virtue of the permitted Transfer to such Person of a Membership Interest pursuant to Section 10.2 above12.2, may be admitted only with the Unanimous Consent Approval of the Board, which consent approval may be granted or withheld in the sole discretion of the Directors each Director and may shall be made subject to the satisfaction of the conditions set forth in Section 12.4 and such other conditions as the Board may require. Notwithstanding the foregoing, no AB Entity may become an additional Member.