Substitute Member means a Person who is admitted as a Member of the Company pursuant to Section 2.7 as a result of a Transfer of Shares to such Person.
Substitute Member means a transferee of a Member’s Membership Interest who has complied with the requirements under Article 10 of this Agreement and is a Member of the Company.
Substitute Member means any individual or entity admitted as a Member pursuant to Section 8.4.
Examples of Substitute Member in a sentence
A Member shall not resign as a member of the Company or as a member of the Company associated with a Series other than in connection with the assignment of all of its Shares (or its Shares in such Series, as applicable) and the admission of a Substitute Member in accordance with this Agreement.
More Definitions of Substitute Member
Substitute Member has the meaning specified in Section 7.1.
Substitute Member. Any transferee of a Member's Interests who is admitted as a Member in the Company pursuant to Article 17 or 18.
Substitute Member means a Person who is admitted as a Member of the Company pursuant to Section 3.5(d) as a result of a transfer of Shares to such Person.
Substitute Member means any Transferee that has been admitted as a Member of the Company pursuant to Section 9.10(c) by virtue of such Transferee receiving all or a portion of a Member’s Units from a Member.
Substitute Member means any Person who is an assignee of a Unit and who has been admitted as a Member with respect to such Unit pursuant to the procedures set forth in Section 9.2.
Substitute Member means an Assignee who has been admitted to all the rights of membership pursuant to this Agreement.