Admission of Substituted Members. As to Permitted Transfers, a transferee of Units shall be admitted as a substituted Member provided that such transferee has complied with the following provisions:
Appears in 6 contracts
Samples: Operating Agreement (Iowa Renewable Energy, LLC), Operating Agreement (Western Dubuque Biodiesel, LLC), Operating Agreement (Iowa Renewable Energy, LLC)
Admission of Substituted Members. As to Permitted Transfers, a A transferee of Units shall (whether as a result of a Permitted Transfer or otherwise) may be admitted as a substituted substitute Member provided that such transferee has complied with only upon satisfaction of each of the following provisionsconditions:
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement (Gevo, Inc.), Operating Agreement
Admission of Substituted Members. As to Permitted Transfers, a transferee of Units shall be admitted as a substituted substitute Member provided that such transferee has complied with the following provisions:
Appears in 1 contract
Admission of Substituted Members. As to Permitted Transfers, a transferee of Units shall be admitted as a substituted substitute Member provided that such transferee has complied with the following provisions:: (a) The transferee of Units shall, by written instrument in form and substance reasonably satisfactory to the Directors;
Appears in 1 contract
Samples: Operating Agreement
Admission of Substituted Members. As to Permitted Transfers, a transferee of Units shall be admitted as a substituted substitute Member provided that such transferee has complied with the following provisions:the
Appears in 1 contract
Admission of Substituted Members. As to Permitted Transfers, a transferee of Units shall be admitted as a substituted substitute Member provided that such transferee has complied with the following provisions:: (a) approval of a Transfer by the Governors as set forth Section 10.1 above; (b) the satisfaction of all of the conditions precedent to such Transfer as set forth in Section
Appears in 1 contract
Samples: Operating Agreement
Admission of Substituted Members. β As to Permitted Transfers, a transferee of Units shall be admitted as a substituted substitute Member provided that such transferee has complied with the following provisions:
Appears in 1 contract
Samples: Operating Agreement