Substitute Member means a Person who is admitted as a Member of the Company pursuant to Section 2.7 as a result of a Transfer of Shares to such Person.
Substitute Member means a transferee of a Member’s Membership Interest who has complied with the requirements under Article 10 of this Agreement and is a Member of the Company.
Substitute Member means any individual or entity admitted as a Member pursuant to Section 8.4.
Examples of Substitute Member in a sentence
Unless named in this Agreement as a Member, or unless admitted to the Company as a Substitute Member or an Additional Member in accordance with this Agreement, no Person shall be considered a Member.
More Definitions of Substitute Member
Substitute Member has the meaning specified in Section 7.1.
Substitute Member. Any transferee of a Member's Interests who is admitted as a Member in the Company pursuant to Article 17 or 18.
Substitute Member means a Person who is admitted as a Member of the Company pursuant to Section 3.5(d) as a result of a transfer of Shares to such Person.
Substitute Member means any Transferee that has been admitted as a Member of the Company pursuant to Section 9.10(c) by virtue of such Transferee receiving all or a portion of a Member’s Units from a Member.
Substitute Member means any Person who is an assignee of a Unit and who has been admitted as a Member with respect to such Unit pursuant to the procedures set forth in Section 9.2.
Substitute Member means any Assignee of Shares who is admitted to the Company as a Member pursuant to Section 10.3 of this Agreement.
Substitute Member means an Assignee who has been admitted to all the rights of membership pursuant to this Agreement.