Common use of Transferees Admitted as Members Clause in Contracts

Transferees Admitted as Members. The assignee or transferee of any Member Interest shall be admitted as a Member only upon the satisfaction of the following conditions:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Penske Automotive Group, Inc.), Limited Liability Company Agreement (Penske Automotive Group, Inc.), Limited Liability Company Agreement (Penske Automotive Group, Inc.)

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Transferees Admitted as Members. The assignee or transferee Transferee of any Member Interest shall be admitted as a Member only upon the satisfaction of the following conditions:.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Eif Neptune, LLC)

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