Common use of Admission of Additional Members Clause in Contracts

Admission of Additional Members. Pursuant to Section 605.0401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 3 contracts

Sources: Operating Agreement, Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 ▇▇-▇▇-▇▇▇ of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 3 contracts

Sources: Operating Agreement, Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 18-2035 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 3 contracts

Sources: Operating Agreement, Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 86.326 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 3 contracts

Sources: Operating Agreement, Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 53-19-36 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 10.50.155 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 7-16-36 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 29–804.01 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 322C.0401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 275.175 and 275.275 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 347.079 and 347.113 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 of the Act and this Agreement, new Additional Members may only be admitted to the Company through issuance of a new interest in the Company with the unanimous written consent of the Members or the transfer of the a Member’s current interest under in accordance with Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) mustmay be required to: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and a majority of the Membercurrent membership interests). Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its MemberMembers.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 12:1318 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 17-7686 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Subsection 48-3a-401(3) of the Act and this AgreementAct, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 42:2C-31 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 4051 of the Act Statutes and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 402 and 602 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 10-1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 47-34A-401 and 47- 34A-404.1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 23-18-6-1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections ▇▇-▇▇-▇▇▇ and 14-11- 505 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 183.0801 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 20 and 41 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 1706.27 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 10-32.1-27 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 35-8-307, 35-8-703, and 35-8-707 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 63.130 and 63.245 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 10-1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 25.15.116 of the Act Code and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 23-18-6-1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 17704.01 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 31B-1-103 and 31B-5- 503 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 450.4501 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 29–804.01 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 3968 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 347.079 and 347.113 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 63.130 and 63.245 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 15114(A) of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 13.1-1038.1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 18-301 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: : (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 21-130 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 428-404 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 53-19-36 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 57D-3-01 and 57D-3-03 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 10-32.1-27 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Subsection 48-3a-401(3) of the Act and this AgreementAct, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 25.15.116 of the Act Code and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 4-38-401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 18-301 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 13.1-1038.1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 8841 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 ▇▇-▇▇-▇▇▇ of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 15114(A) of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 42:2C-31 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections ▇▇-▇▇-▇▇▇ and 14-11505 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 10A-5A-4.01 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 29-3401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 20 and 41 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 63.130 and 63.245 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member. ARTICLE 2‌ Capital Contributions

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 4051 of the Act Statutes and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 86.326 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 34-255 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 10.50.155 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 18-301 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 35-8-307, 35-8-703, and 35-8-707 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 31B-1-103 and 31B-5- 503 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 489.401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 17-7686 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 428-404 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 1706.27 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 ▇▇-▇▇-▇▇▇ of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 428-404 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: : (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 10A-5A-4.01 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 17704.01 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 12:1318 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 322C.0401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 ▇▇-▇▇-▇▇▇ of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 ▇▇-▇▇▇-▇▇▇ of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 18-2035 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 1551 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 4-38-401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 ▇▇-▇▇-▇▇▇ of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: : (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 of the Act and this Agreement, new Additional Members may only be admitted to the Company through issuance of a new interest in the Company with the unanimous written consent of the Member or the transfer of the Member’s current interest under in accordance with Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) mustmay be required to: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and a majority of the Membercurrent membership interests). Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 1551 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 7-80-701 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: : (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 ▇▇-▇▇-▇▇▇ of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 402 and 602 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 of the Act and this Agreement, new Additional Members may only be admitted to the Company through issuance of a new interest in the Company with the unanimous written consent of the Member or the transfer of the Member’s current interest under in accordance with Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) mustmay be required to: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and a majority of the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Membercurrent membership interests).

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 34-255 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: : (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 7-80-701 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 7-80-701 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 275.175 and 275.275 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,(as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement

Admission of Additional Members. Pursuant to Section 605.0401 Sections 101.105, 101.108, and 101.109 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution ,contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Sources: Operating Agreement