Common use of Admission of Substitute Members Clause in Contracts

Admission of Substitute Members. Subject to Section 8.1(a), upon compliance with all of the provisions of this Agreement regarding Transfers and, to the extent such transferee is not already a Member of the Company, the delivery to the Company by such transferee of an executed addendum agreement in the form attached as Exhibit D (an “Addendum Agreement”), then (a) such Transferee shall be deemed to be a party hereto as if such Transferee were the Transferor and such Transferee’s signature appeared on the signature pages of this Agreement, and shall be deemed to be a Substitute Member and (b) the applicable transferor shall thereafter cease to be a Member to the extent of the Member Interest and associated Units Transferred by such Transferor.

Admission of Substitute Members. Subject to Section 8.1(a), upon Upon compliance with all of the provisions of this Agreement regarding Transfers and, to the extent such transferee is not already a Member of the Company, and the delivery to the Company by such a transferee of an executed addendum agreement in the form attached as Exhibit D (an “Addendum Agreement”), then (a) such Transferee transferee shall be deemed to be a party hereto and a Member to the extent of the transferred Units as if such Transferee transferee were the Transferor transferor and such Transfereetransferee’s signature appeared on the signature pages of this Agreement, and shall be deemed to be a Substitute Member to the extent of the transferred Units and (b) the applicable transferor shall thereafter cease to be a Member to the extent of the Member Interest and associated Units Transferred by such Transferorso transferred.

Admission of Substitute Members. Subject to Section 8.1(a10.1(b), upon compliance with all of the provisions of this Agreement regarding Transfers and, to the extent such transferee is not already a Member of the Company, the delivery to the Company by such transferee of an executed addendum agreement in the form attached as Exhibit D B (an “Addendum Agreement”), then (a) such Transferee transferee shall be deemed to be a party hereto as if such Transferee transferee were the Transferor transferor and such Transfereetransferee’s signature appeared on the signature pages of this Agreement, and shall be deemed to be a Substitute Member and (b) the applicable transferor shall thereafter cease to be a Member to the extent of the Member Interest and associated Units Transferred by such Transferortransferor.