Common use of Additional Members/Directors Clause in Contracts

Additional Members/Directors. In connection with the admission of additional Members (including new Members or Substituted Members) in accordance with Section 7.5, the Board by Required Consent may designate such additional Members as “Controlling Members” for the purposes of this Agreement. In connection with any such designation, Schedule 2.1 shall be amended to reflect the name of any additional Controlling Member and the additional Director appointed by such Controlling Member. The admission of additional Members under Section 7.5 does not by itself create a requirement or obligation by the Members or Board to create or appoint additional Directors, grant “Controlling Member” status to any Member or dilute the voting rights of the existing Directors under Section 4.1 above.