Common use of Admissions of Additional Members Clause in Contracts

Admissions of Additional Members. (i) The Managing Member may, in its sole discretion, schedule one or more Subsequent Closings for such Person or Persons seeking admission to the Company as an additional Member of the Company and an owner or a Member wishing to purchase additional Interests in the Company, subject to the determination by the Managing Member in the exercise of its good faith judgment that, in the case of each such admission or increase, the following conditions have been satisfied:

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (Secured Real Estate Income Strategies, LLC), Limited Liability Company Operating Agreement (Secured Real Estate Income Fund II, LLC), Limited Liability Company Operating Agreement (Secured Real Estate Income Fund II, LLC)

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Admissions of Additional Members. (i) The Managing Member i)The Manager may, in its sole discretion, schedule one or more Subsequent Closings for such Person or Persons seeking admission to the Company as an additional Member of the Company and an owner of a Series or a Member wishing to purchase additional Interests interests in the Companyanother Series, subject to the determination by the Managing Member Manager in the exercise of its good faith judgment that, in the case of each such admission or increase, the following conditions have been satisfied:

Appears in 3 contracts

Samples: Limited Liability (Sow Good Investments, LLC), Limited Liability (Sow Good Investments, LLC), Limited Liability Company (Sow Good Investments, LLC)

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Admissions of Additional Members. (i) The i)The Managing Member may, in its sole discretion, schedule one or more Subsequent Closings for such Person or Persons seeking admission to the Company as an additional Member of the Company and an owner of a Series or a Member wishing to purchase additional Interests interests in the Companyanother Series, subject to the determination by the Managing Member in the exercise of its good faith judgment that, in the case of each such admission or increase, the following conditions have been satisfied:

Appears in 1 contract

Samples: Limited Liability (QuantmRE HEI Holdings 1, LLC)

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