Common use of ADMISSION OF ADDITIONAL MEMBERS AND SUBSTITUTE MEMBERS Clause in Contracts

ADMISSION OF ADDITIONAL MEMBERS AND SUBSTITUTE MEMBERS. Subject to the terms of this Operating Agreement, any Person acceptable to the Board of Directors may become an Additional Member of the Company by the purchase of new Units for such consideration as the Board of Directors shall determine in accordance with the terms of this Operating

Appears in 1 contract

Sources: Operating Agreement (First Consulting Group Inc)

ADMISSION OF ADDITIONAL MEMBERS AND SUBSTITUTE MEMBERS. Subject to the terms of this Operating Agreement, any Any Person acceptable to the Board of Directors may may, subject to the terms and conditions of this Operating Agreement (including Section 7.4), become an Additional Member of the Company by the purchase of new Units for such consideration as the Board of Directors shall determine in accordance with the terms of this OperatingOperating Agreement.

Appears in 1 contract

Sources: Operating Agreement (Tivoli Industries Inc)