Affected Member definition

Affected Member has the meaning set forth in Section 27 of the Investors LLC Agreement.

Affected Member has the meaning set forth in Section 9.2(b).

Affected Member means a member whose job is eliminated as part of the reduction, or a member who is displaced by a member having more seniority as part of the reduction.

Examples of Affected Member in a sentence

• In the event the other members or the Company do not elect to acquire the disabled member’s interest, the Affected Member will, as of the date of disability, (1) automatically cease to be a member (as that term is used in this Agreement and under the Act), and (2) have only the rights of an assignee in accordance with the Act.

• The Company may exercise its Purchase Option during the Option Period by providing written notice (the “Exercise Notice”) to the Affected Member (or Affected Member’s personal representatives, heirs, successors, or assigns, as appropriate) at such Affected Member’s notice address prior to the expiration of the Option Period.

• Upon the occurrence of a Triggering Event, regardless of whether the Company exercises its Purchase Option, the Affected Member shall forever cease to be a Member of the Company and shall not have the power to exercise any of the rights of a Member of the Company, including the right to participate in the management and conduct of the Company’s business (a “Cessation of Membership”).

• Upon such Cessation of Membership, such Affected Member shall be deemed to be an Assignee for all purposes hereunder.

• The security interest shall be in a form reasonably satisfactory to the attorney for the Affected Member, or the Affected Member’s legal representative.

More Definitions of Affected Member

Affected Member has the meaning provided in Section 7.2(A) or 7.3(A).

Affected Member has the meaning set forth in Section 4.14.

Affected Member has the meaning given such term in Section 5.03(a).

Affected Member means any non-defaulting Member in connection with a situation where a Defaulting Member has failed to pay an amount owed under the terms of this Agreement at the time in question.

Affected Member has the meaning ascribed to it in clause 3.4;

Affected Member means a Member which as a result of its participation in PJM’s markets or its membership in the LLC PJM provided confidential information to the Office of the Interconnection, which confidential information is requested by, or is disclosed to an Authorized Person under a Non-Disclosure Agreement.

Affected Member. A Member that is notified that it is an Unsuitable Person under Section 15.2 or Section 15.3(b).