Common use of Admission of Additional Members Clause in Contracts

Admission of Additional Members. One or more additional members may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of the admission of any new Member or Members, the Member and such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agree.

Appears in 14 contracts

Samples: Limited Liability Company (Ami Celebrity Publications, LLC), Limited Liability Company Agreement (Blue Chip Merger Subsidiary Inc), Limited Liability Company Agreement (Blue Chip Merger Subsidiary Inc)

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Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of Prior to the admission of any new Member or Memberssuch additional member of the Company, the Member and such additional Member or Members shall execute an appropriate amendment to amend this Agreement reflecting to make such terms and conditions and such other matters which changes as the Member deems appropriate or upon which shall determine to reflect the Member and such additional Member or Members fact that the Company shall agreehave more than one member.

Appears in 13 contracts

Samples: Operating Agreement (Hughes MRO, Ltd.), Operating Agreement (HSI IP, Inc.), Operating Agreement (Hughes MRO, Ltd.)

Admission of Additional Members. One Upon the written consent of the Members, one or more additional members persons or entities may be admitted to as a Member of the Company with the consent of the Member upon such terms and conditions conditions, including, without limitation, the number of additional interests in the Company to be issued and the consideration therefor, as the MemberMembers shall determine. The new Member shall be admitted upon the execution of an instrument, in its discretion, shall approve. In form and substance satisfactory to the event of the admission of any new Member or Members, signifying its agreement to be bound by the Member and such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreeof this Agreement.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Currencyshares Japanese Yen Trust), Limited Liability Company Agreement (Currencyshares Swedish Krona Trust), Limited Liability Company Agreement (CurrencyShares Singapore Dollar Trust)

Admission of Additional Members. One (1) or more additional members may be admitted to the Company with the written consent of all Members. Upon the Member upon such terms admission to the Company of any additional members, the Members shall cause this Agreement to be amended and conditions as the Member, in its discretion, shall approve. In the event of restated to reflect the admission of any new Member or Members, the Member and such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms member(s) and conditions and such other matters which the Member deems appropriate or upon which the Member and initial capital contribution, if any, of such additional Member or Members shall agreemember(s).

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Encore Medical Partners, LLC.), Limited Liability Company Agreement (Rikco International, LLC), Limited Liability Company Agreement (Encore Medical, L.P.)

Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the consent of the Member upon such terms and conditions as the each Member, in its discretion, shall approve. In the event of Prior to the admission of any new Member additional Member, this Agreement shall be amended to the extent necessary or Members, desirable to reflect the Member and admission to the Company of such additional Member or Members shall execute an appropriate amendment and to this Agreement reflecting such terms and conditions and such other matters which reflect the Member deems appropriate or upon which fact that the Member and such additional Member or Members shall agreeCompany will then have more than one Member.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Noble Drilling (Norway) As), Limited Liability Company Agreement (Noble Drilling (Norway) As), Limited Liability Company Agreement (Noble Drilling (Norway) As)

Admission of Additional Members. One or more additional members may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of Prior to the admission of any new Member or Memberssuch additional members to the Company, the Member and shall amend this Agreement to make such changes as the Member shall determine to reflect the fact that the Company shall have such additional Member or Members member(s). Each additional member shall execute an appropriate amendment and deliver a supplement or counterpart to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreeAgreement, as necessary.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (FNP Holdings, LLC), Limited Liability Company Agreement, Limited Liability Company Agreement (FNP Holdings, LLC)

Admission of Additional Members. One (1) or more additional members may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of Upon the admission to the Company of any new Member or additional Members, the Member shall cause this Agreement to be amended and restated to reflect the admission of such additional Member or Members shall execute an appropriate amendment Member, the initial capital contribution, if any, of such additional member(s), the number of Units to this Agreement reflecting be held by such terms additional member(s), and conditions and such other matters which the intention of the Member deems appropriate or upon which to cause the Member and such additional Member or Members shall agreeCompany to be classified as a partnership for federal income tax purposes.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Revel Entertainment Group, LLC), Limited Liability Company Agreement (Revel Entertainment Group, LLC), Limited Liability Company Agreement (Revel Entertainment Group, LLC)

Admission of Additional Members. One or more additional members may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of the admission of any new Member member or Membersmembers, the Member and such additional Member member or Members members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member member or Members members shall agree.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Radio One Distribution Holdings, LLC), Limited Liability Company Agreement (PetroLogistics LP), Limited Liability Company Operating Agreement (Radio One Distribution Holdings, LLC)

Admission of Additional Members. One (1) or more additional members of the Company may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of Prior to the admission of any new Member or Memberssuch additional member of the Company, the Member shall amend this Agreement to make such changes as the Member shall determine to reflect the fact that the Company shall have more than one member and such each additional Member or Members member shall execute an appropriate amendment to and deliver a counterpart of this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreeAgreement, as amended.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Odyssey Traveling Billboards Inc), Limited Liability Company Agreement (Odyssey Traveling Billboards Inc), Limited Liability Company Agreement (Odyssey Traveling Billboards Inc)

Admission of Additional Members. One or more additional Additional members may be admitted to the Company with at the consent discretion of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of the admission of any new Member or Members, the Member and such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which shall thereupon be amended as necessary or appropriate to reflect the Member deems appropriate or upon which the Member and such additional Member or Members shall agreefact that there is more than one Member.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (DG Retail, LLC), Limited Liability Company Agreement (DG Retail, LLC), Limited Liability Company Agreement (Wcof, LLC)

Admission of Additional Members. One or more additional Additional members of the Company may be admitted to on such terms as the Company with Member may approve or upon the consent transfer of the Member Member’s entire interest in the Company; provided that if, upon such terms and conditions as the Memberadmission, in its discretion, shall approve. In the event there will be more than one member of the admission Company, this Agreement must be amended and restated to reflect the relative rights, duties and obligations of any new Member or Members, the Member and such additional Member or Members members and the admission of such additional members shall execute an appropriate amendment to not become effective until this Agreement reflecting such terms is so amended and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreerestated.

Appears in 3 contracts

Samples: Operating Agreement (DTWC Spokane City Center SPE, LLC), Limited Liability Company Operating Agreement (DTWC Spokane City Center SPE, LLC), Operating Agreement (DTWC Spokane City Center SPE, LLC)

Admission of Additional Members. One or more additional members may be admitted to the Company with from time to time in the consent sole discretion of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of Before the admission of any new Member or Memberssuch additional members, the Member and the Company shall amend this Agreement to make such changes as the Member shall determine to reflect the fact that the Company shall have such additional Member or Members members. A new member shall execute an appropriate amendment to be deemed admitted upon the execution of this Agreement reflecting or a counterpart of this Agreement by or on behalf of such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreemember.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (T. Rowe Price OHA Private Credit Fund), Limited Liability Company Agreement (Kayne Anderson BDC, LLC)

Admission of Additional Members. One Whether additional members shall be admitted as members of the Company shall be in the sole discretion of the Members. If, at any time, the Company has two or more additional members may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of the admission of any new Member or Membersmembers, the Member and such additional Member or Members members shall execute an appropriate amendment with reasonable promptness make all amendments to this Agreement reflecting such terms necessary to reflect their agreement concerning the allocation of the Company's profits and conditions losses, the allocation of management rights, and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreematters.

Appears in 1 contract

Samples: Contribution and Assignment Agreement (Ridgewood Electric Power Trust I)

Admission of Additional Members. One or more additional members Members may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event all of the admission of any new Member or Members, the Member and Members upon agreement by such additional Member or Members shall execute an appropriate amendment to be bound by this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreeAgreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (A-Mark Precious Metals, Inc.)

Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of Prior to the admission of any new Member or Memberssuch additional member of the Company, the Member and shall amend this Operating Agreement to make such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which changes as the Member deems appropriate or upon which shall determine to reflect the Member and such additional Member or Members fact that the Company shall agree.have more than one member

Appears in 1 contract

Samples: Operating Agreement (ServiceMaster Consumer Services Limited Partnership)

Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the consent of the Member upon such terms and conditions as the Initial Member, in its discretion, shall approve. In the event of Prior to the admission of any new Member additional Member, this Agreement shall be amended to the extent necessary or Members, desirable to reflect the Member and admission to the Company of such additional Member or Members shall execute an appropriate amendment and to this Agreement reflecting such terms and conditions and such other matters which reflect the Member deems appropriate or upon which fact that the Member and such additional Member or Members shall agreeCompany will then have more than one Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Noble Drilling 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 Voting Members; provided that, notwithstanding the foregoing, no Person may be admitted as a Member upon of the Company unless such Person accepts, adopts and agrees to be bound by all of the terms and conditions provisions of this Agreement as are applicable to the Initial Member, as the Membersame may have been amended, as if such Person had joined in its discretion, shall approve. In the event original execution of the admission of any new Member or Members, the Member and such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreeas a Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. One or more additional members Members of the Company may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of Prior to the admission of any new such additional Member or Membersof the Company, the Member and such additional Member or Members shall execute an appropriate amendment to amend this Agreement reflecting to make such terms and conditions and such other matters which changes as the Member deems appropriate or upon which shall determine, including to reflect the Member and such additional Member or Members fact that the Company shall agreehave more than one Member.

Appears in 1 contract

Samples: Single Member Operating Agreement (Yankee Holding Corp.)

Admission of Additional Members. One or more additional members By unanimous consent of the Members, Additional Members may be admitted to the Company with subject to the consent contribution of such consideration to the Company as may be determined by the Members and the execution of an agreement that such Additional Member upon such agrees to be bound by the terms and conditions as the Member, in its discretion, shall approve. In the event of the admission of any new Member or Members, the Member and such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreeFirst Amended Operating Agreement.

Appears in 1 contract

Samples: Operating Agreement (Fortress Group Inc)

Admission of Additional Members. One (1) or more additional members of the Company may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In subject to the event execution by all members of the admission Company of any new Member or Members, an amended and restated operating agreement of the Member and such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions Company that provides for multiple members and such other matters which provisions concerning the Member deems appropriate or upon which the Member and Company as agreed to by all such additional Member or Members shall agreemembers.

Appears in 1 contract

Samples: Operating Agreement

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Admission of Additional Members. One or more additional members Additional Members may be admitted to the Company with on such terms as are determined by the consent Board of Directors; provided that such admission is approved in advance by all of the Member upon such terms membership and conditions as the Member, in its discretion, shall approve. In the event of the admission of any new Member or Members, the Member and provided that such additional Member Members execute a counterpart of this agreement or Members shall execute an appropriate amendment other instrument evidencing the Members’ agreement to be bound by this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreeAgreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Niska US GP LLC)

Admission of Additional Members. One (1) or more additional members of the Company may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of Prior to the admission of any new Member or Memberssuch additional member of the Company, the Member and such additional Member or Members shall execute an appropriate amendment to amend this Agreement reflecting to make such terms and conditions and such other matters which changes as the Member deems appropriate or upon which shall determine to reflect the Member and such additional Member or Members fact that the Company shall agreehave more than one member.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the consent of a Managing Member by executing and delivering a Joinder Agreement substantially in the Member form attached hereto as Exhibit B and, upon such terms execution and conditions as the Member, in its discretion, shall approve. In the event of the admission of any new Member or Members, the Member and delivery such additional Member or Members member shall execute an appropriate amendment become a party to this Agreement reflecting such terms and conditions and such other matters which shall be deemed a Member hereunder with the Member deems appropriate or upon which number of Membership Interests set forth in the Member and such additional Member or Members shall agreeJoinder Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NCH Corp)

Admission of Additional Members. One or more additional members Persons may be admitted to the Company with the consent of the Member upon as additional members ("Additional Members") on such terms and conditions as shall be determined by the MemberManaging Members, in its their sole discretion, . Each Additional Member shall approve. In the event of the admission of any new Member be admitted only if he shall have executed this Agreement or Members, the Member and such additional Member or Members shall execute an appropriate amendment to it in which he agrees to be bound by the terms and provisions of this Agreement reflecting such terms and conditions and such other matters which as they may be modified by that amendment. Admission of a new Member shall not cause the Member deems appropriate or upon which dissolution of the Member and such additional Member or Members shall agreeCompany.

Appears in 1 contract

Samples: Operating Agreement (E Trade Group Inc)

Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approve. In the event of Prior to the admission of any new Member such additional member of the Company (including an admission in connection with a partial assignment or Memberstransfer pursuant to Section 12), this Agreement shall be amended by the Member and the person or persons to be admitted as additional members to make such additional Member or Members changes as they shall execute an appropriate amendment determine to this Agreement reflecting such terms and conditions and such other matters which reflect the Member deems appropriate or upon which fact that the Member and such additional Member or Members Company shall agreehave more than one member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Huron Consulting Group Inc.)

Admission of Additional Members. One or more The Member may admit additional members may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, it deems appropriate in its sole discretion, shall approve. In the event the Member determines to admit additional members to the Company, such additional members shall be bound by this Agreement, any of the admission provisions of any new Member which may be amended or Members, modified to take into account such additional members as agreed by the Member and such the additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreemembers.

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Admission of Additional Members. One (1) or more additional members of the Company may be admitted to the Company with the unanimous written consent of the Member upon Members; provided that, as a condition of admission as a member of the Company, such additional member must execute a written joinder agreement, in form and substance reasonably acceptable to the Members representing a Majority Interest, under which such additional member agrees to be bound by all of the terms and conditions as the Member, in its discretion, shall approve. In the event of the admission of any new Member or Members, the Member and such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreeAgreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Emerge Energy Services LP)

Admission of Additional Members. One or more The Company may admit additional members may be admitted to the Company with the consent of the Member upon on such terms and conditions as may be determined by, and approved in writing by, the Member. On approval and admission of such additional member, in its discretion, shall approve. In the event of this Agreement will be amended to reflect the admission of any new Member or Members, the Member and such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreemember.

Appears in 1 contract

Samples: Operating Agreement (WildHorse Resource Development Corp)

Admission of Additional Members. One or more additional members Additional Members may be admitted to the Company with upon the unanimous consent of the Members, which such consent may be granted in their sole discretion. The Capital Contribution of any Additional Member upon such shall be determined by the Members consenting to the admission. Each Additional Member shall execute a counterpart of this Operating Agreement, agreeing thereby to be bound by all of the terms and conditions as the Member, in its discretion, shall approve. In the event of the admission of any new Member or Members, the Member and such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreeprovisions hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nurx Pharmaceuticals, Inc.)

Admission of Additional Members. One or more additional members Persons may be admitted to as additional Members of the Company with the consent of the Member upon such terms and conditions as the Initial Member, in its discretion, shall approve. In the event of Prior to the admission of any new Member or additional Members, this Agreement shall be amended to the Member and extent necessary or desirable to reflect the admission to the Company of such additional Member or Members shall execute an appropriate amendment Member, and to this Agreement reflecting such terms and conditions and such other matters which reflect the Member deems appropriate or upon which fact that the Member and such additional Member or Members shall agreeCompany will then have more than one Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Equinox Holdings Inc)

Admission of Additional Members. One or more The Member may admit additional members may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, it deems appropriate in its sole discretion, shall approve. In the event the Member determines to admit additional members to the Company, such additional members shall be bound by this Agreement, any of the admission provisions of any new Member which may be amended or Members, modified to take into account such additional members as agreed by the Member and such the additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agree.members. 4 0.02

Appears in 1 contract

Samples: Limited Liability Comp Any Agreement (Rowan N-Class (Gibraltar) LTD)

Admission of Additional Members. One or more additional members may be admitted to the Company with the written consent of the Member and upon such terms (including with respect to participation in the management, profits, losses and conditions as the Member, in its discretion, shall approve. In the event distributions of the admission of any new Member or Members, Company) as may be determined by the Member and the additional persons or entities to be admitted. This agreement, including Schedule I, shall be amended as appropriate to reflect the admission to the Company of any such additional Member or Members shall execute an appropriate amendment to this Agreement reflecting such terms and conditions and such other matters which the Member deems appropriate or upon which the Member and such additional Member or Members shall agreemember.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the consent of the Member upon such terms and conditions as the Member, in its discretion, shall approvemember. In the event of Prior to the admission of any new Member or Memberssuch additional member(s) of the Company, the Member and such additional Member or Members shall execute an appropriate amendment to amend this Agreement reflecting to make such terms and conditions and such other matters which changes as the Member deems appropriate or upon which shall determine to reflect the Member and such additional Member or Members fact that the Company shall agreehave more than one Member.

Appears in 1 contract

Samples: Operating Agreement (Tops PT, LLC)

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