Common use of Admission of New Members Clause in Contracts

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.

Appears in 9 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

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Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b9.01(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.IX, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units Membership Interests by the Company, subject to compliance with the provisions of Section 8.6(d7.02(d), Section 9.1 and Section 10.1(b), as applicable, and (ii) in connection with a Transfer of UnitsMembership Interests, subject to compliance with the provisions of Article X.IX, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 2 contracts

Samples: LLC Operating Agreement, LLC Operating Agreement

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units Membership Interests by the Company, subject to compliance Company in accordance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b), as applicablethis Agreement, and (ii) in connection with a Transfer of UnitsMembership Interests, subject to compliance with the provisions of Article X.ARTICLE IX, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 2 contracts

Samples: Limited Liability Company Agreement (iMedia Brands, Inc.), Limited Liability Company Operating Agreement (Arcadia Biosciences, Inc.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d8.02(c), Section 9.1 9.01 and Section 10.1(b10.01(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.X and in either case, following compliance with the provisions of Section 4.01.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ascend Wellness Holdings, LLC), Limited Liability Company Agreement (Ascend Wellness Holdings, LLC)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of this Section 8.6(d)4.01, Section 9.1 4.06, Section 10.01, Section 11.01(b) and Section 10.1(b)any other provision of this Agreement, as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.XI, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Longeveron LLC)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.Section 9.01, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Operating Agreement (BBX Capital Florida LLC)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.XIII, and in either case, following compliance with the provisions of Section 5.1(b)

Appears in 1 contract

Samples: Limited Liability Company Agreement (Morgans Hotel Group Co.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 9.01 and Section 10.1(b10.01(b), as applicable, applicable and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.ARTICLE X, and in either case under clause (i) or (ii) following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (ATN International, Inc.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 4.06(b) and Section 10.1(b10.01(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.X, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Good Hemp, Inc.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.ARTICLE IX, and following compliance with the provisions of Section 5.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (BIT ORIGIN LTD)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b9.01(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.IX, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Operating Agreement (Verb Technology Company, Inc.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 8.10 and Section 10.1(b), as applicable3.04, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.X, and in either case, following compliance with the provisions of Section 4.01(c).

Appears in 1 contract

Samples: Limited Liability Company Agreement

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d4.06(b), Section 9.1 and Section 10.1(b9.01(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.X, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ternio, LLC)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d4.06(b), Section 9.1 Article IX and Section 10.1(b10.01(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.X, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Operatng Agreement (Helpful Alliance Co)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units Membership Interests by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b), as applicable, and (ii) in connection with a Transfer of UnitsMembership Interests, subject to compliance with the provisions of Article X.IX, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lendway, Inc.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units Membership Interests by the Company, subject to compliance with the provisions of Section 8.6(d7.02(d), Section 9.1 and Section 10.1(b), as applicable, and (ii) in connection with a Transfer of UnitsMembership Interests, subject to compliance with the provisions of Article X.ARTICLE IX, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (CurrencyWorks Inc.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b10.01(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.X, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Liquid Holdings Group LLC)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units Membership Interests by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 7.02(b) and Section 10.1(b8.01(b), as applicable, and (ii) in connection with a Transfer of UnitsMembership Interests, subject to compliance with the provisions of Article X.VIII, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Operating Agreement

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d)3.07, Section 9.1 8.04 and Section 10.1(b9.01(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.IX, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Operating Agreement (Atlanticus Holdings Corp)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.ARTICLE X, and in either case, following compliance with the provisions of Section 5.01(b).

Appears in 1 contract

Samples: Operating Agreement (Csac Acquisition Inc.)

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Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b), as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.XIII, and in either case, following compliance with the provisions of Section 5.1.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Morgans Hotel Group Co.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units Membership Interests by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 7.3 and Section 10.1(b), as applicable10.1, and (ii) in connection with a Transfer of UnitsMembership Interests, subject to compliance with the provisions of Article X.ARTICLE X, and in either case, following compliance with the provisions of Section 4.1(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Grom Social Enterprises, Inc.)

Admission of New Members. (a) New Members may be admitted from time to time (i) subject to compliance with the provisions of Sections 4.01(b) and 11.01(b) in connection with an issuance of Units by the Company, Company and (ii) subject to compliance with the provisions of Section 8.6(d), Section 9.1 4.01(b) and Section 10.1(b), as applicable, and (ii) Article XI in connection with a Transfer of Units, subject to compliance with the provisions of Article X..

Appears in 1 contract

Samples: Limited Liability Company Agreement (TWO RIVERS WATER & FARMING Co)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units Membership Interests by the Company, subject to compliance with the provisions of Section 8.6(d7.02(a), Section 9.1 ARTICLE VIII, and Section 10.1(b9.01(b), as applicable, and (ii) in connection with a Transfer of UnitsMembership Interests, subject to compliance with the provisions of Article X.ARTICLE IX, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Operating Agreement (Sugarmade, Inc.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units Membership Interests by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 7.02(b) and Section 10.1(b8.01(b), as applicable, and (ii) in connection with a Transfer of UnitsMembership Interests, subject to compliance with the provisions of Article X.ARTICLE VIII, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Operating Agreement (Hempacco Co., Inc.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units by the Company, subject to compliance with Company as approved by the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b), as applicable, Board and (ii) in connection with a Transfer of UnitsUnits (including to an Affiliate of a Member), subject to compliance with the provisions of Article X.VIII, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Great Elm Capital Corp.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units Membership Interests by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 7.02(b) and Section 10.1(b9.01(b), as applicable, and (ii) in connection with a Transfer of UnitsMembership Interests, subject to compliance with the provisions of Article X.ARTICLE IX, and in either case, following compliance with the provisions of Section 4.01(b).β€Œ

Appears in 1 contract

Samples: Operating Agreement

Admission of New Members. (ak) New Members may be admitted from time to time (i) in connection with an the issuance of Units Membership Interests by the Company, subject to compliance with the provisions of Section 8.6(d7.05(c), Section 9.1 and Section 10.1(b), as applicable, and (ii) in connection with a Transfer of UnitsMembership Interests, subject to compliance with the provisions of Article X.IX and otherwise herein, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tecogen Inc.)

Admission of New Members. (a) New Members may be admitted from time to time time, upon approval by the Board, (i) in connection with an the issuance of Units by the Company, subject to compliance Company in accordance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b), as applicablethis Agreement, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.ARTICLE IX, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an the issuance of Units Membership Interests by the Company, subject to compliance with the provisions of Section 8.6(d4.1(b), Section 9.1 and Section 10.1(b), as applicable, and (ii) in connection with a Transfer of UnitsMembership Interests, subject to compliance with the provisions of Article X.9, and in either case, following compliance with the provisions of Section 4.1(b).

Appears in 1 contract

Samples: Operating Agreement (Propell Technologies Group, Inc.)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b), as applicable, 4.01(c) and (ii) in connection with a Transfer of Units, subject to and in either case, following compliance with the provisions of Article X.Section 3.03(f), Section 9.01 and Section 9.02.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Defense & National Security Holdings LLC)

Admission of New Members. (a) New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d)4.06(b) , Section 9.1 9.01, and Section 10.1(b)10.01(b) , as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.X, and in either case, following compliance with the provisions of Section 4.01(b) .

Appears in 1 contract

Samples: Operating Agreement (Agrify Corp)

Admission of New Members. (a) New Members may be admitted by the Managing Member from time to time (i) in connection with an issuance of Units by the Company, subject to compliance with the provisions of Section 8.6(d), Section 9.1 and Section 10.1(b)9.01, as applicable, and (ii) in connection with a Transfer of Units, subject to compliance with the provisions of Article X.X, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement

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