Future Members Clause Samples

Future Members. This project may be expanded in the future to include other counties. The Host and Participating Members must agree to the addition of new Participating Member Counties, subject to approval by the appropriate county boards and with required paperwork submitted to the Department of Human Services. New Members will be held to the same requirements, policies, governance, financial obligations, and duties for all other matters as they relate to this Agreement. New Members will be incorporated into this written Agreement and into all other legal documents related to this project via an amendment to this Agreement.

Future Members. If an entity at a future date becomes a Member, such entity shall be deemed a party and shall be bound by the terms of this Agreement as if it were a party and signator to this Agreement. Any new Member or Member of a Subgroup shall provide to the Parent a statement setting forth all tax attributes carried over to the REC Group by the new Member including, without limitation, the amount of any net operating losses, net capital losses and investment credit carryforwards, as well as the identity of all elections made by or on behalf of such new Member. Anything in this Agreement to the contrary notwithstanding, any Member which is not a signator to this Agreement shall also be deemed a party and shall be bound by the terms of this Agreement notwithstanding that all or a portion of the obligations of such party shall be borne by the Group Agent of the respective Group of which the Member is a member.

Future Members. The Company shall require each Person (including each Permitted Excluded Transferee) that acquires Securities of the Company after the date of this Agreement (a "Future Member"), as a condition to the effectiveness of such acquisition or Transfer, to execute a counterpart to this Agreement, agreeing to be treated as (i) an Investor, if such Person acquires such Securities from an Investor or is already an Investor, or (ii) an Other Member, if such Person acquires such Securities from an Other Member or acquires Securities directly from the Company, whereupon such Person shall be bound by, and entitled to the benefits of, the provisions of this Agreement relating to Investors or Other Members, as the case may be.

Future Members. If additional entities wish to join with the other PARTIES by entering into this Agreement and participating in the Program, the PARTIES will determine an appropriate method of calculating a “buy-in” cost to be paid by the new entity wishing to become a member. This buy-in cost shall at a minimum include: a. The full amount the new entity would have paid, if it had entered into the “Interim Memorandum of Agreement Regarding Development of a Regional Storm Water NPDES Permit” as of July 1, 2001, and, b. An amount to account for the delay in making payment, calculated using the Consumer Price Index or some other method deemed appropriate by the Participants Group. EXHIBIT “B” BUDGET AND COST-SHARING

Future Members. While the Company will initially consist of a sole Member, Mike ▇▇▇▇▇▇, ▇▇is Agreement has been written in contemplation that there will be multiple Members of the Company shortly after the formation of the Company.

Future Members. Any municipality may become a member of the ISC as follows: (a) A municipality shall submit a written request for membership signed by the chief executive officer of the said municipality and duly attested indicating the names of the officials proposed as representatives to the ISC. (b) Upon receipt of the written request for membership, the member Municipalities of the ISC shall vote on the request and if affirmative action is taken by a majority of the said member Municipalities, the Secretary of the ISC shall forward an ISC membership agreement to the requesting municipality for appropriate execution. Upon execution by the requesting municipality, the said municipality shall forward the Agreement, together with the Ordinance of that Municipality approving the said Membership Agreement, to the ISC for execution by the President and Secretary of the ISC. Thereafter, upon compliance with the cost sharing provisions set forth in Paragraph 5, the requesting municipality shall become a voting member Municipality of the ISC. The ISC and the Municipalities shall not be required to undertake any other action with regard to admittance of any additional municipalities other than such action as set forth herein. (c) Notwithstanding any provisions contained herein to the contrary, the ISC may permit Non-MS4 urbanized municipalities to join the ISC upon the terms and conditions deemed appropriate to the ISC. All requests for membership by non- urbanized municipalities shall indicate whether such municipality desires being admitted as other than a Percentage Allocated Municipality. (d) Upon membership of any future municipality, said municipality shall have the rights and responsibilities as set forth in this Agreement.