Common use of Admission as a Member Clause in Contracts

Admission as a Member. If the Company is a limited liability company, the issuance of Warrant Shares shall be interpreted to mean the admission of the Holder as a member of the Company holding a 5% membership interest in the Company (as such percentage may be adjusted as provided herein) with all rights and privileges accorded to Members of the Company. If the Company is a limited liability company, by accepting this Warrant, the Holder agrees to execute a counterpart signature page to the Company’s Operating Agreement, as amended, and Holder hereby agrees to be bound by all terms of the Operating Agreement, regardless of whether Xxxxxx actually executes and delivers such counterpart signature page.

Admission as a Member. If the Company is a limited liability company, the issuance of Warrant Shares shall be interpreted to mean the admission of the Holder as Holderas a member of the Company holding a 5% membership interest in the Company (as such percentage may be adjusted as provided herein) with all rights and privileges accorded to Members of the Company. If the Company is a limited liability company, by accepting this Warrant, the Holder agrees to execute a counterpart signature page to the Company’s Operating Agreement, as amended, and Holder hereby agrees to be bound by all terms of the Operating Agreement, regardless of whether Xxxxxx Holder actually executes and delivers such counterpart signature page.