Common use of Admission of Transferee as Member Clause in Contracts

Admission of Transferee as Member. Notwithstanding anything contained herein to the contrary (except as provided in this Section 6.1.5), the transferee of all or any portion of or any interest or rights in any Membership Rights or Economic Interest shall not be entitled to become a Member or exercise any rights of a Member. The transferee shall be entitled to receive, to the extent transferred, only the distributions to which the transferor would be entitled. The transferee shall be admitted as a Member only upon the unanimous consent of the Members.

Admission of Transferee as Member. Notwithstanding anything contained herein to the contrary (except as provided in this Section 6.1.5)contrary, the transferee of all or any portion of of, or any interest or rights in in, any Membership Rights or Economic Interest shall not be entitled to become a Member or exercise any rights of a Member, as further described under Section 6.1.2. The transferee shall be entitled to receive, to the extent transferred, only the distributions and other Interest rights to which the transferor would be entitled. The ; and the transferee shall not be admitted as a Member only upon unless the unanimous Members unanimously consent of the Membersto such admission.

Admission of Transferee as Member. Notwithstanding anything contained herein to the contrary (except as provided in this Section 6.1.5)contrary, the transferee of all or any portion of or any interest or rights in any Membership Rights or Economic Interest Right shall not be entitled to become a Member or exercise any rights of a MemberMember and shall only be admitted as a Member upon the majority consent of the Board. The transferee shall be entitled to receive, to the extent transferred, only the distributions to which the transferor would be entitled. The transferee shall be admitted as a Member only upon the unanimous consent of the Members.