Substituted Members. No Person taking or acquiring, by whatever means, the interest of any Member in the Company shall be admitted as a substituted Member in the Company (a “Substituted Member”) without the written consent of all Members, which consent may be withheld or granted in the sole and absolute discretion of each Member.
Appears in 5 contracts
Samples: Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.)
Substituted Members. No Except as specifically provided in Sections 8.2 and 8.5.9 or elsewhere in this Agreement, no Person taking or acquiring, by whatever means, the interest of any Member in the Company shall be admitted as a substituted Member in the Company (a “Substituted Member”) without the written consent of all Members, which consent may be withheld or granted in the sole and absolute discretion of each Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Whitney Information Network Inc), Limited Liability Company Agreement (Whitney Information Network Inc)
Substituted Members. No Person taking or acquiring, by whatever means, the interest of any Member in the Company shall be admitted as a substituted Member in the Company (a “"Substituted Member”") without the written consent of all Members, which consent may be withheld or granted in the sole and absolute discretion of each Member.
Appears in 2 contracts
Samples: Operating Agreement (Udc Homes Inc), Operating Agreement (Udc Homes Inc)
Substituted Members. No Except for any Transfer made in accordance with Section 8.2 above, no Person taking or acquiring, by whatever means, all of the interest Interest of any Member in the Company shall be admitted as a substituted Member in the Company (a “Substituted Member”) without the written consent of all Membersthe Managing Member and Xxxxxx, which consent may be withheld or granted in the sole and absolute discretion of each MemberManaging Member and Xxxxxx, respectively.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Rouse Properties, Inc.), Limited Liability Company Agreement (Rouse Properties, Inc.)
Substituted Members. No Except as provided in Section 8.2, no Person taking or acquiring, by whatever means, the interest Membership Interest of any Member in the Company shall be admitted as a substituted Member member in the Company (a “"Substituted Member”") without the written consent of all Membersthe Executive Committee, which consent may be withheld or granted in the sole and absolute discretion of each MemberRepresentative.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Limoneira CO), Limited Liability Company Agreement (Limoneira CO)
Substituted Members. No Except for any Transfer made in accordance with Section 8.2 above, no Person taking or acquiring, by whatever means, all of the interest Interest of any Member in the Company shall be admitted as a substituted Member in the Company (a “Substituted Member”) without the written consent of all Membersthe Managing Member and Xxxxxx, which consent may be ACTIVE 202923160v.13 withheld or granted in the sole and absolute discretion of each MemberManaging Member and Xxxxxx, respectively.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rouse Properties, Inc.)
Substituted Members. No Except as provided in Sections 7.2(a) and (b), no Person taking or acquiring, by whatever means, the interest of any Member in the Company shall be admitted as a substituted Member in the Company (a “Substituted Member”) without the written consent of all Members, which consent may be withheld or granted in the sole and absolute discretion of each Member.
Appears in 1 contract
Samples: Operating Agreement (A & B II, Inc.)
Substituted Members. No Except as provided in Section 8.2, no Person taking or acquiring, by whatever means, the interest of any Member in the Company shall be admitted as a substituted Member in the Company (a “Substituted Member”) without the written consent of all of the Members, which consent may be withheld or granted in the sole and absolute discretion of each Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Meritage Homes of North Carolina, Inc.)
Substituted Members. No Except as provided in Sections 7.2(a) and (b), no Person taking or acquiring, by whatever means, the interest of any Member in the Company shall be admitted as a substituted Member in the Company (a “"Substituted Member”") without the written consent of all Members, which consent may be withheld or granted in the sole and absolute discretion of each Member.
Appears in 1 contract
Substituted Members. No Person taking or acquiring, by whatever means, the interest of any Member in the Company shall be admitted as a substituted Member in the Company (a “Substituted Member”) without the written consent of all the Members, which consent may be withheld or granted in the sole and absolute discretion of each Memberthe Members.
Appears in 1 contract
