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 has the meaning set forth in Section 12.02.
Additional Member means a Person admitted to the Company as a Member pursuant to Section 11.3 and who is shown as such on the books and records of the Company.
Examples of Additional Member in a sentence
Provided that a majority vote of the Members pursuant to Section 6.4. has approved the admission of an Additional Member, the Board shall execute the decision, which shall be binding on all Members.
The terms and conditions upon which an Additional Member shall be admitted shall be set forth in the Admission Agreement for the Additional Member, the form of which shall be agreed upon between the Additional Member and the Board, and the Board shall make appropriate amendments to EXHIBIT A to reflect any adjustments thereto by reason of the admission of the Additional Member.
More Definitions of Additional Member
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.
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 has the meaning set forth in Section 3.02(b).
Additional Member means any individual or Entity admitted as a Member pursuant to Section 3.6.
Additional Member means a Person who is admitted to the Company as a Member pursuant to the Act and Section 4.2 and Section 12.2 hereof and who is shown as such on the Member Registry.
Additional Member means any Person that is admitted to the Company as an additional member pursuant to Article 8 of this Agreement.