Admission of Transferee as Member. Subject to Section 9.6, any transferee of all, but not less than all, of the Member Interests pursuant to the terms of this Article 9 shall be admitted to the Company as a substitute Member. In such event, such substitute Member shall, to the extent of such transfer, succeed to the Capital Account, rights and obligations hereunder of the Member making such transfer.
Appears in 4 contracts
Samples: Operating Agreement (NewBridge Global Ventures, Inc.), Operating Agreement (NewBridge Global Ventures, Inc.), Operating Agreement (NewBridge Global Ventures, Inc.)
Admission of Transferee as Member. Subject to Section 9.6, any Any transferee of all, but not less than all, all or any part of the Member Interests Member's Units pursuant to the terms of this Article 9 7 shall be admitted to the Company as a substitute MemberMember (and, to the extent applicable, a member of the Company for purposes of the Act; provided, however, that any transferee of an Economic Interest shall not constitute or otherwise be deemed a member of the Company for purposes of the Act). In such event, such substitute Member shall, to the extent of such transfer, succeed to the Capital Account, rights and obligations hereunder of the Member making such transfer.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Bitmine Immersion Technologies, Inc.)
