Additional Member has the meaning set forth in Section 12.02.
Additional Member means a Person admitted as a Member of the Company as a result of an issuance of Shares to such Person by the Company.
Additional Member means any Person admitted as a Member of the Company pursuant to Section 3.02 in connection with the new issuance of Units to such Person.
Examples of Additional Member in a sentence
As promptly as practicable after the admission of any Person as a Member, the books and records of the Company shall be changed to reflect such admission of a Substitute Member or Additional Member.
In the event of any admission of a Substitute Member or Additional Member pursuant to this Section 3.03(a), this Agreement shall be deemed amended to reflect such admission, and any formal amendment of this Agreement (including the Member Schedule) in connection therewith shall only require execution by the Company and such Substitute Member or Additional Member, as applicable, to be effective.
More Definitions of Additional Member
Additional Member means any Person that has been admitted to the Company as a Member pursuant to Section 5.4 by virtue of having received its Membership Interest from the Company and not from any other Member or Assignee.
Additional Member has the meaning set forth in Section 3.02(b).
Additional Member means a Member admitted as a Member of the Company pursuant to Section 4.5 and who is shown as such on the books and records of the Company.
Additional Member means any Person that has been admitted to the Company as a Member pursuant to Section 7.4 by virtue of having received its Membership Interest from the Company and not from any other Member or Assignee.
Additional Member means any individual or Entity admitted as a Member pursuant to Section 3.6.
Additional Member means a Person who is admitted to the Company as a Member pursuant to the Act and Section 8.1, who is shown as such on the books and records of the Company, and who has not ceased to be a Member pursuant to the Act and this Agreement.