Admission of a Member. The Member has been admitted as a member of the Company pursuant to this Agreement. No person may be admitted as a Member of the Company unless the Member consents.
Admission of a Member. To the extent required by law, the Manager shall amend this Agreement and take such other action as the Manager deems necessary or appropriate promptly after receipt of the Members’ Capital Contributions to the Company to reflect the admission of those persons to the Company as a Member.
Admission of a Member. A Person may be admitted as Class A Member or a Class B Member upon satisfaction of the relevant requirements of this Article VIII or with the unanimous written consent of the Class A Members and the Class B Members. Upon such admission, such Member shall be designated as either a Class A Member or a Class B Member, and the Managing Member shall amend Exhibit A appropriately to reflect the admission of such Person as a Member.
Admission of a Member. Subscribers shall be admitted as Members of the Company on the first day of the calendar month following the month in which the Company accepts such subscriber’s subscription unless admitted earlier by the Manager, in its sole discretion. To the extent required by law, the Manager shall amend this Agreement and take such other action as the Manager deems necessary or appropriate promptly after receipt of the Members’ Capital Contributions to the Company to reflect the admission of those persons to the Company as Members.
Admission of a Member. Upon the Transfer or issuance of Units in compliance with the conditions set forth in Section 5, a transferee or recipient of Units shall be deemed admitted to the Company as a substitute or additional Member without need for further action of any Person. A transferee admitted as a Member shall enjoy the same rights, and be subject to the same obligations, as the transferor of the Units that were Transferred to the transferee; provided, however, that such transferor shall not be relieved of any obligation or liability hereunder arising prior to the consummation of such Transfer but shall be relieved of all future obligations with respect to the Units so Transferred, and such transferee shall not be entitled to the receipt of any distribution with a record date preceding the date such Units were Transferred to the transferee. As promptly as practicable after the admission of any Person as a Member, the books and records of the Company shall be changed to reflect such admission of such substitute or additional Member. Anything herein to the contrary notwithstanding, the Company shall be entitled to treat the transferor of Units as the absolute owner thereof in all respects, and shall incur no liability for allocations of Net Income or Net Loss, or distributions of money or property or transmittal of reports and notices which are made in good faith to such transferor, until such time as the conditions set forth in Section 4 or 5, as applicable, have been satisfied and the effective date of the Transfer has passed.
Admission of a Member. Amendments to this Agreement for the admission of any Member or Substituted Member shall not, if in accordance with the terms of this Agreement, require the consent of any Member.
Admission of a Member. No person may be admitted as a Member of the Company unless the Manager consents in writing which may be given or withheld in its sole discretion.
Admission of a Member
