Substitute Members. In the event any Member Transfers its Interest in compliance with the other provisions of this Article X (other than Section 10.4), the transferee thereof shall have the right to become a substitute Member, but only upon satisfaction of the following:
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Warner Music Group Corp.), Limited Liability Company Agreement (Warner Music Group Corp.)
Substitute Members. In the event any Member Transfers its Membership Interest in compliance with the other provisions of this Article X (other than Section 10.4)X, the transferee thereof shall have the right to become a substitute Member, but substituted Member of the Company only upon satisfaction of the following:
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Columbia Equity Trust, Inc.), Limited Liability Company Agreement (Columbia Equity Trust, Inc.), Limited Liability Company Agreement (Columbia Equity Trust, Inc.)
Substitute Members. (a) In the event any Member Transfers its direct Interest in the Company in compliance with the other provisions of this Article X (other than Section 10.4)XII, the transferee thereof shall have the right to become a substitute Member, but only upon satisfaction of the following:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (DMC Global Inc.), Limited Liability Company Agreement (DMC Global Inc.)
Substitute Members. In the event any Member Transfers its Interest in compliance with the other provisions of this Article X (other than Section 10.4)XII, the transferee thereof shall have the right to become a substitute Member (of the same class as the transferring Member (i.e., Investor Member, Outside Member or Management Member)), as the case may be, but only upon satisfaction of the following:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (BankUnited, Inc.), Limited Liability Company Agreement (BankUnited, Inc.)
Substitute Members. In the event any Member Transfers its Membership Interest in compliance with the other provisions of this Article X (other than Section 10.4)10, the transferee thereof shall have the right to become a substitute Member, but substituted Member of the Company only upon satisfaction of the following:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (American Skiing Co /Me), Limited Liability Company Agreement (American Skiing Co /Me)
Substitute Members. In the event any Member Transfers its Interest in compliance with the other provisions of this Article X (other than Section 10.4)XI, the transferee thereof shall have the right to become a substitute Member, but only upon satisfaction of the following:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (McJunkin Red Man Holding Corp)
Substitute Members. In the event any Member Transfers its Membership Interest in compliance with the other provisions of this Article X (other than Section 10.4)X, the transferee thereof shall have the right to become a substitute Member (a “Substitute Member, but ”) of the Company only upon satisfaction of the following:following (with the failure to satisfy the following rendering any such attempted Transfer null and void ab initio):
Appears in 1 contract
Samples: Limited Liability Company Agreement (American Assets Trust, Inc.)
Substitute Members. In the event any Non-Xxxxx Member or Xxxxx Member Transfers its Interest in compliance with the other provisions of this Article X XII (other than Section 10.412.6), the transferee thereof shall have the right to become a substitute Non-Xxxxx Member or substitute Xxxxx Member, as the case may be, but only upon satisfaction of the following:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Del Pharmaceuticals, Inc.)
