Admission of Substituted Members. Subject to the other provisions of this ARTICLE XI, a transferee of Units in a Transfer from a Member permitted under Sections 11.1 and 11.2 above shall, if not a Member, be admitted to the Company as a substituted Member.
Appears in 2 contracts
Samples: Operating Agreement (OCM HoldCo, LLC), Operating Agreement (OCM HoldCo, LLC)
Admission of Substituted Members. Subject to the other provisions of this ARTICLE XIArticle 11, a transferee of Units in a Transfer from a Member permitted under Sections 11.1 and 11.2 above shall, if not a Member, may be admitted to the Company as a substituted Member.Member only upon satisfaction of each of the conditions set forth in this Section 11.2:
Appears in 2 contracts
Samples: Company Operating Agreement (SRAM International Corp), Master Transaction Agreement (SRAM International Corp)
Admission of Substituted Members. Subject to the other provisions of this ARTICLE XISection 8, a transferee of Units in a Transfer from a Member permitted under Sections 11.1 and 11.2 above shall, if not a Member, may be admitted to the Company as a substituted Member.Member only upon satisfaction of the conditions set forth in this Section 8.6:
Appears in 1 contract
Samples: Operating Agreement
Admission of Substituted Members. Subject to the other provisions of this ARTICLE XIArticle 11, a transferee of Units in a Transfer from a Member permitted under Sections 11.1 and 11.2 above shall, if not a Member, may be admitted to the Company as a substituted Member.Member only upon satisfaction of the conditions set forth in this Section 11.10:
Appears in 1 contract
Samples: Preferred Unit Purchase Agreement (Elandia International Inc.)
Admission of Substituted Members. Subject to the other provisions of this ARTICLE XISection 11.8, a transferee Transferee of Units in (whether as a result of a Permitted Transfer from a Member permitted under Sections 11.1 and 11.2 above shall, if not a Member, or otherwise) may be admitted to the Company as a substituted substitute Member (“Substituted Member.”) only upon satisfaction of each of the following conditions, unless any such condition is waived by the Company:
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Admission of Substituted Members. Subject to the other provisions of this ARTICLE XIArticle VIII, a transferee of Units in a Transfer from a Member permitted under Sections 11.1 and 11.2 above shall, if not a Member, Common Unit may be admitted to the Company as a substituted Member.Substituted Member only upon the written Approval of the Members and the satisfaction of the following conditions:
Appears in 1 contract
Admission of Substituted Members. Subject to the other provisions of this ARTICLE XIArticle 12, a transferee of Units in a Transfer from a Member permitted under Sections 11.1 and 11.2 above shall, if not a Member, may be admitted to the Company as a substituted Member.Member only upon satisfaction of the conditions set forth in this Section 12.7:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Alliance Pharmaceutical Corp)
Admission of Substituted Members. Subject to the other provisions of this ARTICLE XIArticle 12, a transferee of Units in a Transfer from a Member permitted under Sections 11.1 and 11.2 above shall, if not a Member, may be admitted to the Company as a substituted Member.Member only upon satisfaction of each of the conditions set forth in this Section 12.2:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Black Elk Energy Finance Corp.)
Admission of Substituted Members. Subject to the other provisions of this ARTICLE XIArticle 10, a transferee of Units in a Transfer from a Member permitted under Sections 11.1 and 11.2 above shall, if not a Member, may be admitted to the Company as a substituted Member.Member only upon satisfaction of the conditions set forth in this Section 10.07:
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Admission of Substituted Members. Subject to the other provisions of this ARTICLE XIArticle X, a transferee of Units in a Transfer from a Member permitted under Sections 11.1 and 11.2 above shall, if not a Member, may be admitted to the Company as a substituted Member.Member only upon satisfaction of the conditions set forth in this Section 10.3:
Appears in 1 contract
Admission of Substituted Members. Subject to the other provisions of this ARTICLE XISection 8, a transferee of Units in a Transfer from a Member permitted under Sections 11.1 and 11.2 above shall, if not a Member, may be admitted to the Company as a substituted Member.Member only upon satisfaction of the conditions set forth in this Section 8.6:
Appears in 1 contract
Samples: Operating Agreement