ADMISSION AS MEMBERS Sample Clauses

ADMISSION AS MEMBERS. Membership consideration into the Cooperative shall be voluntary and at will. Membership applications are open to all individuals who have reached the legal contractual age of their state of residence. The individual, trusts or entities must be in accord with the business purposes, goals and mission of the Cooperative; along with a willingness to accept the responsibilities of membership. Applicants will be accepted for active membership upon the submission of a completed application, fifty dollars and no cents ($50.00) application fee, careful review and purchasing or subscribing to purchase a capital certificate as described in Article V, Section 1. Admission to membership shall be subject to approval by the Board of Directors (hereinafter referred to as “the Board”). The Cooperative shall not discriminate on the basis of race, creed, age, gender, handicap, marital status or any arbitrary means. References in this agreement to the rights and entitlements of members shall be understood to refer to members in good standing.
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ADMISSION AS MEMBERS. The Members as of the Effective Date are set forth on Exhibit A hereto, which is hereby incorporated by reference, and each Member holds the number of Units set forth opposite such Member’s name on Exhibit A hereto. Any Person to whom a Membership Interest is issued by the Company after the Effective Date in accordance with the terms and conditions of this Agreement shall be admitted as a Member upon compliance with all applicable requirements of Section 3.3. Any Person to whom a Membership Interest is Transferred in accordance with the terms and conditions of this Agreement shall be admitted as a Member upon compliance with the applicable requirements of Article X and Article XI.
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ADMISSION AS MEMBERS. The Members are deemed admitted as Members of the Company upon their execution and delivery of this Agreement
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ADMISSION AS MEMBERS. The New Investors are hereby admitted to the Company as additional Members. In connection therewith:
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ADMISSION AS MEMBERS. (modified Jan. 05, 2014) Membership is reserved exclusively for persons of Black African descent; as these are the persons and class in desperate need of repair and redemption. In this context, membership consideration into the Cooperative shall be voluntary and at will. Membership applications are open to all said individuals who have reached the legal contractual age of their state of residence. The individual, trusts or entities must be in accord with the business purposes, goals and mission of the Cooperative; along with a willingness to accept the responsibilities of membership. Applicants will be accepted for active membership upon the submission of a completed application, fifty dollars and no cents ($50.00) application fee, careful review and purchasing or subscribing to purchase a capital certificate as described in Article V, Section 1. Admission to membership shall be subject to approval by the Board of Directors (hereinafter referred to as “the Board”). The Cooperative shall not discriminate on the basis of creed, age, gender, handicap, location or any arbitrary means. References in this agreement to the rights and entitlements of members shall be understood to refer to members in good standing. MEMBER DEFINED. A Member can be an individual, business entity or trust. A membership obtained via trust or business entity on behalf of a child under the legal contractual age will be considered to own a custodial ownership until the child reaches the age of majority. An entity or trust that obtains a custodial interest must sign a consent form acknowledging the child will not have any voting rights until the child has reached the age of majority. A business and its owners or members cannot simultaneously own or share ownership of the Cooperative’s business interests; nor can the owner or members of an entity own a separate interest in the Cooperative. There shall be no dual ownership that allows any individual, business entity or trust the ability to have more control or greater voting rights than any other Member.
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Related to ADMISSION AS MEMBERS

  • Admission of Members Other persons may be admitted as Members from time to time pursuant to the provisions of this Agreement.

  • Admission of Partners 48 12.1 Admission of Successor General Partner........................... 48 12.2 Admission of Additional Limited Partners......................... 48 12.3 Amendment of Agreement and Certificate of Limited Partnership.... 49 ARTICLE 13

  • Admission of Member The Member is deemed admitted as the Member of the Company upon its execution and delivery of this Agreement.

  • New Members No person may be admitted as a member of the Company without the approval of the Member.

  • Admission of Limited Partners It is expressly agreed that this Agreement may be amended from time to time to reflect the admission of additional Limited Partners and the Company shall have full power and authority to execute and file such amendments pursuant to the power of attorney contained herein. Prior to being admitted to the Partnership, a Limited Partner shall agree in writing to be bound by and comply with all provisions of this Agreement. No other person or entity shall be admitted to the Partnership except with the prior written consent of the Company.

  • Admission of Substitute Members As to Permitted Transfers, a transferee of Units shall be admitted as a substitute Member provided that such transferee has complied with the following provisions:

  • Admission of Additional Members One or more additional members of the Company may be admitted to the Company with the written consent of the Member.

  • Initial Members The initial Members of the LLC, their initial capital contributions, and their percentage interest in the LLC are as follows: Members Percentage Interest in LLC Capital Contribution (If any)

  • Admission of Substituted Members Subject to the other provisions of this Article 10 a transferee of a Membership Interest may be admitted to the Company as a substituted Member only upon satisfaction of the conditions set forth in this Section 10.5.

  • Admission of Additional Partners After the Private Placement of the Units of Limited Partnership Interest has been terminated by the General Partner, no additional General Partner will be admitted to the Partnership except as described in Paragraph 17(c). The General Partner may take such actions as may be necessary or appropriate at any time to offer new Units or partial Units of Limited Partnership Interest and to admit new or substituted Limited Partners to the Partnership. All subscribers who have been accepted by the General Partner shall be deemed admitted as Limited Partners at the time they are reflected as such in the books and records of the Partnership.

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