Common use of TRANSFER OF INTERESTS AND ADMISSION OF MEMBERS Clause in Contracts

TRANSFER OF INTERESTS AND ADMISSION OF MEMBERS. The Member may at any time Transfer all of its Membership Interest. The transferee of the Member’s entire Membership Interest shall become a member of the Company and the transferring Member shall cease to be a member of the Company upon consummation of the Transfer, provided that the transferring Member shall have the right to such information as may be necessary for the computation of the transferring Member’s federal and state income tax liability for the year of the Transfer. The Member may Transfer less than all of its Membership Interest and the Company may admit any Person as an Additional Member if such admission is approved by the Member, in which case this Agreement shall be amended to reflect the change in the Company’s income tax classification that would result from such Transfer or admission.

TRANSFER OF INTERESTS AND ADMISSION OF MEMBERS. The Member may at any time Transfer all but not less than all of its Membership Interest. The transferee Transferee of the Member’s entire Membership Interest shall become a member of the Company and the transferring Member shall cease to be a member of the Company upon consummation of the Transfer, provided that the transferring Member shall have the right to such information as may be necessary for the computation of the transferring Member’s federal and state income tax liability for the year of the Transfer. The Member may not Transfer less than all of its Membership Interest and the Company may shall not admit any Person as an Additional Member if such admission is approved by the Member, in which case without appropriate amendments to this Agreement shall be amended to reflect the change in the Company’s income tax classification that would result from such Transfer or admission.

TRANSFER OF INTERESTS AND ADMISSION OF MEMBERS. The Member may at any time Transfer all but not less than all of its Membership Interest. The transferee Transferee of the Member’s 's entire Membership Interest shall become a member of the Company and the transferring Member shall cease to be a member of the Company upon consummation of the Transfer, provided that the transferring Member shall have the right to such information as may be necessary for the computation of the transferring Member’s 's federal and state income tax liability for the year of the Transfer. The Member may not Transfer less than all of its Membership Interest and the Company may shall not admit any Person as an Additional Member if such admission is approved by the Member, in which case without appropriate amendments to this Agreement shall be amended to reflect the change in the Company’s 's income tax classification that would result from such Transfer or admission.