Common use of Additional and Substitute Members Clause in Contracts

Additional and Substitute Members. The LLC may admit additional or substitute Members, or increase the amount of the Offering, with the sole approval of the Manager. Except as set forth herein, the Manager may withhold approval of the admission of any person for any or no reason. The Manager will not permit any person to become a member until such person has agreed to be bound by all the provisions of this Operating Agreement as amended as of the date of the proposed admission, and the terms of the Amended and Restated Private Placement Memorandum, and has delivered to the LLC a completed Subscription Agreement along with a check in the amount of such investment.

Additional and Substitute Members. The LLC may admit additional or substitute Members, or increase the amount of the Offering, Members with the sole approval of the Manager. Except as set forth herein, the Manager may withhold approval of the admission of any person Person for any or no reason. The Manager will not permit any person to become a member until such person has agreed to be bound by all the provisions of this Operating Agreement as amended as of the date of the proposed admission, and the terms of the Amended and Restated Private Placement Memorandum, and has delivered to the LLC a completed Subscription Agreement along with a check or bank wire transfer in the amount of such investment.

Additional and Substitute Members. The LLC may admit additional or substitute Members, or increase the amount of the Offering, Members (Partners) with the sole approval of the Manager. Except as set forth herein, the Manager may withhold approval of the admission of any person Person for any or no reason. The Manager will not permit any person to become a member until such person has agreed to be bound by all the provisions of this Operating Agreement as amended as of the date of the proposed admission, and the terms of the Amended and Restated Private Placement Memorandum, and has delivered to the LLC a completed Subscription Agreement along with a check in the amount of such investment.