Substituted Members definition

Substituted Members means any Person admitted to the Company as a Member pursuant to the provisions of Section 9.7.
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Substituted Members means a Person who is admitted as a Member to the Company pursuant to Section 10.2 in place of and with all the rights of a Member and who is shown as a Member on the books and records of the Company.
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Substituted Members are assignees of Units who have been admitted to membership under this Agreement and the Act with respect to their Units in accordance with the procedures set forth in Section 8.1(b).
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Examples of Substituted Members in a sentence

  • The Company shall not be dissolved by the admission of Additional Members or Substituted Members or the attempted withdrawal or resignation of a Member.

  • The Company shall not be dissolved by the admission of Additional Members or Substituted Members or the attempted withdrawal, removal, dissolution, bankruptcy or resignation of a Member.

  • The Company shall not be dissolved by the admission of Additional Members or Substituted Members.

  • The Company shall not be dissolved by the admission of Substituted Members or Additional Members.

  • The Company shall not be dissolved by the admission of Substituted Members or Additional Members or by the admission of a successor Managing Member in accordance with the terms of this Agreement.

  • By executing or adopting this Agreement, each Member hereby consents to the admission of additional or Substituted Members, and to any Economic Interest Owner becoming a Substituted Member upon consent of the Manager and in compliance with this Agreement.

  • The Company shall not be dissolved by the admission of Substituted Members or Additional Members in accordance with the terms of this Agreement.

  • Except as otherwise expressly provided herein, all of the terms and provisions of this Agreement shall be binding on, shall inure to the benefit of and shall be enforceable by the Members, their heirs, executors, administrators, successors and all other Persons hereafter holding, having or receiving an interest in the Company, whether as Substituted Members or otherwise.

  • The Company shall not be dissolved by the admission of Additional Members or Substituted Members or the resignation or attempted resignation of a Member.

  • Economic Interest Owners shall have no right to inspect the Company’s books or records, to vote on Company matters, or to exercise any other right or privilege as Members, until they are admitted to the Company as Substituted Members except as required by the Act.