Common use of Affiliated Purchasers Clause in Contracts

Affiliated Purchasers. The Affiliated Purchasers are not Members on the date hereof but are parties to the 1996 Securities Purchase Agreement and pursuant to that agreement have acquired Notes and Warrants. Each Member hereby consents to the admission of each of the Affiliated Purchasers as a Member upon the acquisition by such Affiliated Purchaser of Class 1 Interests upon the exercise of Warrants or otherwise.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Iridium World Communications LTD), Limited Liability Company Agreement (Iridium LLC)