Admission of New Members. No new Member shall be admitted, either by transfer of a portion of the Member’s interest, or in any other manner, which causes the LLC to have two or more Members, until this Agreement has been amended to provide for such admission, including amendments relating to the governance of the LLC, and providing for the allocation of Profits and Losses of the LLC among the Members, and such amendment has been accepted by the existing Member and the new Member.
Appears in 21 contracts
Samples: Operating Agreement (UHS of Timberlawn, Inc.), Operating Agreement (UHS of Timberlawn, Inc.), Operating Agreement (UHS of Timberlawn, Inc.)
Admission of New Members. No new Member shall be admitted, either by a transfer of a portion of the Member’s interest, or in any other manner, which causes the LLC Company to have two or more Members, until this Agreement has been amended to provide for such admission, including amendments relating to the governance of the LLC, and providing for the allocation of Profits and Losses of the LLC among the MembersCompany, and such amendment has been accepted by the existing Member and the new Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (JCP&L Transition Funding II LLC), Limited Liability Company Agreement (RSB Bondco LLC)
Admission of New Members. No new Member Members shall be admitted, either by transfer of a portion of the Member’s interest, or in any other manner, which causes the LLC to have two or more Members, until this Agreement has been amended to provide for such admission, including amendments relating to the governance of the LLC, and providing for the allocation of Profits and Losses of the LLC among the Members, and such amendment has been accepted by the existing Member Members and the new MemberMembers.
Appears in 2 contracts
Samples: Operating Agreement (UHS of Timberlawn, Inc.), Operating Agreement (UHS of Timberlawn, Inc.)
Admission of New Members. No new Member shall be admittedadmitted ------------------------ (other than pursuant to Section 7.1), either by transfer of a portion of the Member’s 's interest, or in any other manner, which causes the LLC Company to have two or more Members, until this Agreement has been amended to provide for such admission, including amendments relating to the governance of the LLCCompany, and providing for the allocation of Profits and Losses of the LLC Company among the Members, and such amendment has been accepted by the existing Member and the new New Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (PPL Energy Supply LLC)
