Common use of Admission of Substitute Member Clause in Contracts

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 229 contracts

Samples: Limited Liability Company Agreement (DLP Partner Marquette, LLC), Limited Liability Company Agreement (DLP Partner Marquette, LLC), Limited Liability Company Agreement (DLP Partner Marquette, LLC)

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Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 14 contracts

Samples: Limited Liability Company Agreement (Hospital of Fulton, Inc.), Limited Liability Company Agreement (Hospital of Fulton, Inc.), Limited Liability Company Agreement (Hospital of Fulton, Inc.)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of (x) this Agreement or a counterpart of this Agreement or (y) an instrument substantially in the form attached hereto as Exhibit C or in a form otherwise reasonably satisfactory to the Managing Member pursuant to which such person agrees to be bound by the provisions of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability (Community Health Investment CORP)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company Class A Unit(s) of membership interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (IPMT Transport, LLC), Limited Liability Company Agreement (IPMT Transport, LLC), Limited Liability Company Agreement (IPMT Transport, LLC)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest in the Company by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (CEDC Finance Corp LLC), Limited Liability Company Operating Agreement (Nicor Inc), Limited Liability Company Agreement (Marvel Entertainment, Inc.)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company Unit(s) of membership interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (NeoSpine Surgery, LLC), Limited Liability Company Agreement (Lakeview Rehabilitation Group Partners), Limited Liability Company Agreement (NeoSpine Surgery, LLC)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (PHC Hospitals, LLC), Limited Liability Company Agreement (Community Health Investment CORP)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a BOS_@LLC Subsidiary formation template-New@ counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (PHC Hospitals, LLC), Limited Liability Company Agreement (PHC Hospitals, LLC)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Amended and Restated Agreement or a counterpart of this Amended and Restated Agreement and thereupon shall become the “Member” for purposes of this Amended and Restated Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Community Health Investment CORP), Limited Liability Company Agreement (Community Health Investment CORP)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall shah become the “Member” for purposes of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Woods Memorial Hospital, LLC)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this the Agreement or a counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PHC Hospitals, LLC)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company 's Unit(s) of membership interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (SSC Provider Network, LLC)

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Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the Member” for purposes of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PHC Hospitals, LLC)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.as

Appears in 1 contract

Samples: Limited Liability Company Agreement (PHC Hospitals, LLC)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this this. Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Community Health Investment CORP)

Admission of Substitute Member. A person who acquires the a Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the a “Member” for purposes of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Community Health Investment CORP)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a BOS__@LLC Sobsidiaiy formation template-New@ counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PHC Hospitals, LLC)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the a “Member” for purposes of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Community Health Investment CORP)

Admission of Substitute Member. A person who acquires the Member’s entire limited liability company interest by transfer or assignment shall be admitted to the Company as a member upon the execution of this Agreement or a counterpart of this Agreement and thereupon shall become the “Member” for purposes of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Community Health Investment CORP)

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