Common use of Admission of Substituted Members Clause in Contracts

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)

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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

Samples: Operating Agreement (Badger State Ethanol LLC)

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

Samples: Operating Agreement (Golden Grain Energy)

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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€Œ 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

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