Substituted Member definition
Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.
Substituted Member means a Person who is admitted as a Member of the Company pursuant to Sections 4.5 or 4.7 in place of and with all rights of a Member and who is shown as a Member on the books and records of the Company.
Substituted Member means any person admitted as a substituted Member pursuant to this Agreement.
Examples of Substituted Member in a sentence
Subject to the provisions of Article X hereof, in connection with the Permitted Transfer of a Unit hereunder, the Permitted Transferee shall become a Substituted Member on the effective date of such Transfer, which effective date shall not be earlier than the date of compliance with the conditions to such Transfer, and such admission shall be shown on the books and records of the Company, including the Schedule of Members.
More Definitions of Substituted Member
Substituted Member has the meaning set forth in Section 12.01.
Substituted Member has the meaning given that term in Section 7.3 hereof.
Substituted Member shall have the meaning set forth in Section 8.2.
Substituted Member means any Person admitted to the Company as a substituted Member pursuant to the provisions of Article 9.
Substituted Member means any Person admitted as a Member pursuant to Section 11.2(b).
Substituted Member means any Person admitted to the Company as a Member pursuant to the provisions of Section 9.6.
Substituted Member means any transferee or assignee of Common Shares that is admitted to the Company as a Member pursuant to Section 13.3.