Additional Membership. Additional Persons (as defined in the Act) may be admitted as Members of LLC, without the sale , assignment, transfer or exchange by the Undersigned Member of all or any part of its limited liability company interest, upon the terms and conditions as the Undersigned Member may provide , from time to time. In such event, the Percentage Interests of the Undersigned Member and such additional Members shall be adjusted pro rata , as the case may be, to reflect the capital contribution, the existing Members shall assign a Percentage Interest to the additional Member and the Percentage Interests of the existing Members shall be adjusted accordingly. 16.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Barrick North America Finance LLC)
Additional Membership. Additional Persons (as defined in the Act) may be admitted as Members of LLC, without the sale sale, assignment, transfer or exchange by the Undersigned Member of all or any part of its limited liability company interest, upon the terms and conditions as the Undersigned Member may provide provide, from time to time. In such event, the Percentage Interests of the Undersigned Member and such additional Members shall be adjusted pro rata rata, as the case may be, to reflect the capital contribution, the existing Members shall assign a Percentage Interest to the additional Member and the Percentage Interests of the existing Members shall be adjusted accordingly. 16.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Rykomusic, Inc.)