Common use of Substitute Member Clause in Contracts

Substitute Member. An Assignee who has been admitted to all of the rights of membership pursuant to this Operating Agreement.

Appears in 6 contracts

Samples: Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC), Limited Liability Company Operating Agreement (Advanta Bank Corp), Limited Liability Company Operating Agreement (Advanta Business Services Corp)

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Substitute Member. An Assignee who has been admitted to all of the rights of membership pursuant to Section 11.4 or Section 11.5 of this Operating Company Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Residential Funding Mortgage Securities Ii Inc), Operating Agreement (Residential Funding Mortgage Securities Ii Inc)

Substitute Member. An Assignee who has been admitted to all of the rights of membership pursuant to this the Operating Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Sentex Sensing Technology Inc), Operating Agreement (Pegasus Communications Corp)

Substitute Member. An Assignee who has been admitted to all of the rights of membership pursuant to this Operating the Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Gear Products Inc), Operating Agreement (Southwest Casino Corp)

Substitute Member. An Assignee who has been admitted to all of the rights of membership pursuant to this Operating Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Secured Principal LLC)

Substitute Member. An Assignee who has been admitted to all of the rights of membership pursuant to this Operating Section 10.3 of the Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Nyfix Inc)

Substitute Member. An Assignee who has been admitted to all of the rights of membership pursuant to this Operating Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tri-S Security Corp)

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Substitute Member. An Assignee who has been admitted to all of the rights of membership pursuant to this Operating Section 13.3 of the Agreement.

Appears in 1 contract

Samples: Operating Agreement (Fibernet Telecom Group Inc\)

Substitute Member. An Assignee who has been admitted to all of the rights of membership pursuant to Section 11.4 or Section 11.6 of this Operating Company Agreement.

Appears in 1 contract

Samples: Operating Agreement (Residential Funding Mortgage Securities Ii Inc)

Substitute Member. An Assignee who has been admitted to all of the rights of membership the Member who assigned the Membership Interest, including Management Rights, by the unanimous consent of the Members, pursuant to this First Amended Operating Agreement.

Appears in 1 contract

Samples: Operating Agreement (Fortress Group Inc)

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