Common use of Admission of Additional Members Clause in Contracts

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 57 contracts

Samples: Limited Liability Company Agreement (Bas Securitization LLC), Limited Liability Company Agreement (Fifth Third Holdings Funding, LLC), Limited Liability Company Agreement (Santander Drive Auto Receivables LLC)

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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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company pursuant to Sections 21, 22 or 23 unless the Rating Agency Condition is satisfied.

Appears in 36 contracts

Samples: Limited Liability Company Agreement (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Safeway Stores 42, Inc.)

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; provided, however, that, notwithstanding the foregoing, so long as any Trust Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Usaa Acceptance LLC)

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the written consent of the Member; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains is outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii)

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; provided, however, that, -------- ------- notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 7 contracts

Samples: Limited Liability (Capital One Master Trust), Limited Liability Company Agreement (Bond Securitization LLC), Limited Liability (Amsouth Auto Receivables LLC)

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; provided, however, provided that, notwithstanding -------- the foregoing, so long as any Obligation Indebtedness remains outstanding, no additional Member Members may be admitted to the Company unless the Initial Member retains a majority interest in the Company and the Rating Agency Condition is satisfied.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Sce Funding LLC), Limited Liability Company Agreement (Sdg&e Funding LLC a De Limited Liability Co), Limited Liability Company Agreement (Sce Funding LLC)

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; provided, however, that, that notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Wachovia Education Loan Funding LLC), Limited Liability Company Agreement (Wachovia Card Receivables LLC), Operating Agreement (WDS Receivables LLC)

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the written consent of the Member; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (NovaStar Certificates Financing LLC), Limited Liability Company Agreement (Bank of America Auto Receivables Securitization, LLC), Limited Liability Company Agreement (Bank of America Auto Receivables Securitization, LLC)

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional or substitute Member may be admitted to the Company pursuant to Sections 20, 21 or 22 unless the Rating Agency Condition with respect to each Series of Notes is satisfied.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Hertz Global Holdings Inc), Assignment and Assumption Agreement (Hertz Global Holdings Inc), Master Collateral Agency Agreement (Hertz Corp)

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; providedPROVIDED, howeverHOWEVER, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfiedCompany.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Chec Funding LLC), Limited Liability Company Agreement (E Loan Inc), Limited Liability Company Agreement (Chec Funding LLC)

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains is outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Capital One Auto Receivables LLC), Limited Liability Company Agreement (Bridgecrest Auto Funding LLC), Limited Liability Company Agreement (Capital One Auto Receivables LLC)

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains rated Securities remain outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Porsche Auto Funding LLC), Limited Liability Company Agreement (Discover Funding LLC), Limited Liability Company Agreement (Chase Auto Receivables LLC)

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; provided, however, that, that notwithstanding the foregoing, so long as any Note Obligation remains outstanding, no additional or substitute Member may be admitted to the Company pursuant to Sections 20, 21 or 22 unless the Rating Agency Condition with respect to each Series of Notes is satisfied.

Appears in 3 contracts

Samples: Collateral Agency Agreement (Hertz Global Holdings Inc), Vehicle Title Nominee Agreement (Hertz Corp), Vehicle Title Nominee Agreement (Hertz Corp)

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the written consent of the Managing Member; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Limited Liability Company Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfiedCompany.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Terwin Securitization LLC), Limited Liability Company Agreement (Chec Funding LLC)

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the unanimous written consent of the MemberMembers; provided, however, that, that notwithstanding the foregoing, so long as any Obligation remains outstandingcertificates, indebtedness or other obligations remain outstanding under any of the Transaction Documents, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 2 contracts

Samples: Operating Agreement (Cabela's Credit Card Master Note Trust), Operating Agreement (Cabela's Master Credit Card Trust)

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the written consent of the Member; provided, however, that, that notwithstanding the foregoing, so long as any Obligation remains is outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.. Second Amended and Restated Limited Liability Company Agreement Huntington Funding, LLC

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Huntington Funding, LLC), Limited Liability Company Agreement (Huntington Funding, LLC)

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the written consent of the Member; provided, however, that, that notwithstanding the foregoing, so long as any Obligation remains is outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Huntington Funding, LLC), Limited Liability Company Agreement (Huntington Auto Trust 2015-1)

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; providedPROVIDED, howeverHOWEVER, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (American Capital Strategies LTD), Limited Liability Company Agreement (World Financial Network Credit Card Master Trust)

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; provided, however, that, notwithstanding the foregoing, that so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Carmax Auto Funding LLC), Limited Liability Company Agreement (Carmax Auto Funding LLC)

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; provided, however, that, that notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional or substitute Member may be admitted to the Company pursuant to Sections 21, 22 or 23 unless the Rating Agency Condition with respect to each Series of Notes that is rated by a Rating Agency is satisfied.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Zipcar Inc), Limited Liability (Zipcar Inc)

Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the written consent of the MemberMembers; providedPROVIDED, howeverHOWEVER, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member Members may be admitted to the Company pursuant to SECTIONS 22, 23 or 24 unless the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Taconic Asset Acceptance Company, L.L.C.)

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless except to the Rating Agency Condition is satisfiedextent permitted under the Basic Documents.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Insight Enterprises Inc)

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; provided, however, provided that, notwithstanding -------- the foregoing, so long as any Obligation Indebtedness remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfiedMember retains a majority interest in the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cherokee Inc)

Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the written consent of the MemberMembers; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member Members may be admitted to the Company pursuant to Sections 22, 23 or 24 unless the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stanwich Asset Acceptance CO LLC)

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; provided, however, that, notwithstanding the foregoing, that so long as any Obligation remains outstanding, no additional Member may be admitted to the Company pursuant to Sections 8.01, 8.02 or 8.03 unless the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Bear Stearns Asset Backed Securities I LLC)

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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; providedprovided^, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfiedCompany.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Collegiate Funding of Delaware LLC)

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member member may be admitted to the Company unless other than in accordance with the Rating Agency Condition is satisfiedLoan Documents.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Resource Real Estate Investors 6 LP)

Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the written consent of the Economic Member; providedPROVIDED, howeverHOWEVER, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Economic Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Limited Liability Company Agreement (World Financial Network Credit Card Master Trust)

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; provided, however, that, -------- ------- notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfiedsatisfied and except as permitted by the Basic Documents.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Greenpoint Asset LLC)

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfiedsatisfied by all Rating Agencies other than Moody's (and prior written notice of such action shall be provided tx Xxxxx's).

Appears in 1 contract

Samples: Limited Liability Company Agreement (West Penn Funding LLC)

Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the written consent of the Class A Member; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Class A Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Freedom Depository LLC)

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the written consent of the Member; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Lender Condition is satisfied.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kennedy-Wilson Properties (IL))

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstandingoutstanding or amounts are owed by the Company under any Basic Document and for a period of one year and one day thereafter, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfiedCompany.

Appears in 1 contract

Samples: Limited Liability Company Agreement (College Loan LLC)

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the written consent of the Member and the Special Member; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstandingObligations remain outstanding and for a period of one year and one day thereafter, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfiedCompany.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nelnet Student Loan Funding LLC)

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; provided, however, provided that, -------- notwithstanding the foregoing, so long as any Obligation Indebtedness remains outstanding, no additional Member Members may be admitted to the Company unless the Initial Member retains a majority interest in the Company and the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Limited Liability (Sdg&e Funding LLC a De Limited Liability Co)

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the written consent of the Member; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company Company, other than pursuant to Section 24(a), unless the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MacKenzie Realty Capital, Inc.)

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, except as expressly provided by this Agreement, no additional Member may be admitted to the Company other than pursuant to Sections 5(c) or 24 unless the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hartman Commercial Properties Reit)

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the written consent of the Member; provided, however, that, notwithstanding not- withstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: businesslawtoday.org

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the unanimous written consent of the MemberMembers; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Limited Liability Company Agreement (BLG Securities Company, LLC)

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition and/or the Holder Condition, as applicable, is satisfied.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Dealer Auto Receivables Co LLC)

Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the written consent of the MemberMembers; provided, however, provided that, notwithstanding the foregoing, for so long as any Obligation Indebtedness remains outstanding, no additional Member members may be admitted to the Company unless the Initial Member retains a majority interest in the Company and the Rating Agency Condition is satisfiedsatisfied with regard to the admission of such additional members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sierra Pacific Power Co)

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; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfiedsatisfied by all Rating Agencies other than Xxxxx'x (and prior written notice of such action shall be provided to Xxxxx'x).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Allegheny Energy Inc)

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