Substituted Member. A permitted transferee of any Member’s Interest shall be admitted to the Company as a Substituted Member upon satisfaction of the following conditions:
Appears in 8 contracts
Samples: Operating Agreement (ILS Fixed Horizon LLC), Operating Agreement (ILS Fixed Horizon LLC), Amended Operating Agreement (Rockstar Capital Group, LLC)
Substituted Member. A permitted transferee of any Member’s 's Interest shall be admitted to the Company as a Substituted Member upon satisfaction of the following conditions:
Appears in 6 contracts
Samples: Operating Agreement (Capital Cities Fund, LLC), Operating Agreement (Capital Cities Fund, LLC), Operating Agreement (Capital Cities Fund, LLC)