Additional Member definition

Additional Member has the meaning set forth in Section 12.02.

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Additional Member means a Person admitted as a Member of the Company as a result of an issuance of Shares to such Person by the Company.

Additional Member means any Person that has been admitted to the Company as a Member pursuant to Section 7.4 by virtue of having received its Membership Interest from the Company and not from any other Member or Assignee.

Examples of Additional Member in a sentence

• Concurrently with, and as evidence of, the admission of an Additional Member, the Managing Member shall update the Register and the books and records of the Company to reflect the name, address and number and classes and/or series of Company Units of such Additional Member.

• Unless otherwise permitted by the Managing Member in its sole and absolute discretion, no Person shall be admitted to the Company as an Additional Member if the effect of such admission would be to cause the Company to have a number of Members that would cause the Company to become a reporting company under the Exchange Act.

• The admission of any Person as an Additional Member shall become effective on the date upon which the name of such Person is recorded on the books and records of the Company, following the Consent of the Managing Member to such admission and the satisfaction of all the conditions set forth in Section 12.2(a).

More Definitions of Additional Member

Additional Member means any Person admitted as a Member of the Company pursuant to Section 3.02 in connection with the new issuance of Units to such Person.

Additional Member means a Person who is admitted into the Company as a Member pursuant to the terms of Section 14.4.

Additional Member means a Person admitted to the Company as a Member pursuant to Section 10.2.

Additional Member means a Member admitted as a Member of the Company pursuant to Section 4.5 and who is shown as such on the books and records of the Company.

Additional Member means any individual or Entity admitted as a Member pursuant to Section 3.6.

Additional Member has the meaning set forth in Section 3.02(b).

Additional Member has the meaning given in Section 3.6(a).