Admission of Members. (a) No action or consent by any Members shall be required for the admission of Members to the Company. Subscriptions will be accepted or rejected by the Board of Directors or an officer of the Company duly authorized by the Board of Directors and, if rejected, all funds shall be returned to such subscribers. The Board of Directors or an officer of the Company duly authorized by the Board of Directors may refuse to accept subscriptions for Shares and contributions tendered therewith for any reason whatsoever.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (KKR Private Equity Conglomerate LLC), Limited Liability Company Agreement (KKR Private Equity Conglomerate LLC), Limited Liability Company Agreement (KKR Infrastructure Conglomerate LLC)
Admission of Members. (a) No action or consent by any Members shall be required for the admission of Members to the Company. Subscriptions will be accepted or rejected by the Board of Directors or an officer of the Company duly authorized by the Board of Directors and, if rejected, all funds shall be returned to such subscribers. The Board of Directors or an officer of the Company duly authorized by the Board of Directors may refuse to accept subscriptions for Shares and contributions tendered therewith for any reason whatsoever.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (KKR Infrastructure Conglomerate LLC), Limited Liability Company Agreement (KKR Infrastructure Conglomerate LLC), Limited Liability Company Agreement (KKR Infrastructure Conglomerate LLC)
Admission of Members. (a) No action or consent by any Members shall be required for the admission of Members to the Company. Subscriptions will be accepted or rejected by the Board of Directors or an authorized officer of the Company duly authorized by the Board of Directors and, if rejected, all funds shall be returned to such subscribers. The Board of Directors or an authorized officer of the Company duly authorized by the Board of Directors may refuse to accept subscriptions for Shares and contributions tendered therewith for any reason whatsoever.
Appears in 1 contract
Samples: KKR Private Equity Conglomerate LLC
