Common use of Additional Member Clause in Contracts

Additional Member. Additional Members may be admitted to the LLC at any time as proposed by any Member and approved by a unanimous vote of the Members. Additional Members shall be admitted effective as of the first day of the first calendar month following the month in which the additional Member has contributed Invested Capital. All of the Members

Additional Member. Additional Members may be admitted to the LLC at any time as proposed by any Member and approved by a unanimous vote of the Members. Additional Members shall be admitted effective as of the first day of the first calendar month following the month in which the additional Member has contributed Invested Capital. All of the Members' Percentage Interests shall be recalculated to reflect the addition of any additional Members pursuant to this Section 4.3.

Additional Member. Additional Members may be admitted to the LLC at any time as proposed by any Member and approved by a unanimous vote of the Members. Additional Members shall be admitted effective as of the first day of the first calendar month following the month in which the additional Member has contributed Invested Capital. All of the Members’ Percentage Interests shall be recalculated to reflect the addition of any additional Members pursuant to this Section 4.3.