Non-Managing Member definition

Non-Managing Member means any Member other than the Managing Member (except to the extent the Managing Member holds Non-Managing Member Units).

Non-Managing Member means any Member other than the Managing Member.

Non-Managing Member means any Person named as a Non-Managing Member on Exhibit A, as such Exhibit may be amended from time to time, including any Substituted Non-Managing Member or Additional Non-Managing Member, in such Person’s capacity as a Non-Managing Member in the Company.

Examples of Non-Managing Member in a sentence

• The occurrence of an Event of Bankruptcy as to a Non-Managing Member or the dissolution or termination of a Non-Managing Member shall not cause the termination or dissolution of the Company, and the business of the Company shall continue.

• The 30-hour curriculum consists of eight general education courses (24 hours) and two elective courses.

• After its Capital Contribution is fully paid, no Non-Managing Member shall, except as otherwise required by the Act, be required to make any further Capital Contributions or other payments or lend any funds to the Company.

• Any shares included in the IPO Registration Statement or Shelf Registration Statement shall be allocated first, to the Corporate Manager, and second, to each of the Non-Managing Members requesting inclusion of their Registrable Shares in such IPO Registration Statement or Shelf Registration Statement (on a pro rata basis based on the total number of Registrable Shares then held by each such Non-Managing Member who is requesting inclusion).

• The right of any such Non-Managing Member to include its Registrable Shares in the IPO Registration Statement pursuant to Section 8.5(b) or in an underwritten public offering under a Shelf Registration Statement shall be conditioned upon such Non-Managing Member’s participation in such underwriting and the inclusion of such Non-Managing Member’s Registrable Shares in the underwriting to the extent provided herein.

More Definitions of Non-Managing Member

Non-Managing Member means any Person named as a Member on Schedule A other than the Corporate Manager, and any Person who becomes a Substitute or additional Non- Managing Member, in such Person’s capacity as a Non-Managing Member in the Company.

Non-Managing Member has the meaning set forth in Section 6.6(e).

Non-Managing Member means, unless the context otherwise requires, each Initial Non-Managing Member and each additional Person that becomes a Non-Managing Member pursuant to the terms of this Agreement, in each case, in such Person’s capacity as a member (other than a managing member) of the Company.

Non-Managing Member means any Person that is, from time to time, admitted to the Company as a member pursuant to the Act and this Agreement, and any Substituted Member or Additional Member, each shown as such in the books and records of the Company, in each case, that has not ceased to be a member of the Company pursuant to the Act and this Agreement, in such Person’s capacity as a member of the Company.

Non-Managing Member means any Person named as a Non-Managing Member in the Member Registry or any Substituted Non-Managing Member or Additional Non-Managing Member, in such Person’s capacity as a Non-Managing Member in the Company.

Non-Managing Member means each additional Person other than the Managing Member that owns one or more Units.

Non-Managing Member means each Person (other than the Managing Member) who is or hereafter becomes a Member.