Affiliated Members Sample Clauses

Affiliated Members. 3 3.5 All-Requirements Service. . . . . . . . . . . . . . . . . . . 3 3.6
Sample 1
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Affiliated Members. In situations where two or more Members are affiliates of each other, for purposes of voting under this Agreement, each Member is entitled to vote in its own Sector, subject to the following conditions: A corporate family may not have more than one vote per Sector. For example, a corporate family that creates multiple ITDO affiliates (as in the case where each independent transmission project within a single corporate family is pursued through a separate affiliated entity) does not enjoy multiple votes in the ITDO Sector. Similarly, Members of the TOLSO Sector that are corporate affiliates of each other shall be considered one entity and collectively entitled to a single vote in matters before the PMC. A corporate family may not have more than two PMC votes, in total. A single entity may not be a Member of more than one Sector. For example, a transmission owner that is also a customer of another transmission owner may not join the TC Sector in addition to the TOLSO/ITDO Sector.
Sample 1
Affiliated Members. If a Member who is a natural person becomes a Retired Member pursuant to this 11.6, each Member that is an Affiliated Member of such retiring Member shall also simultaneously become a Retired Member and each such retiring Affiliated Member shall be subject to the provisions of this Article 11.
Sample 1

Related to Affiliated Members

  • Initial Members The initial Members of the LLC, their initial capital contributions, and their percentage interest in the LLC are as follows: Members Percentage Interest in LLC Capital Contribution (If any)

  • Affiliated Entities As used in this Agreement, "Company" shall include the Company and each corporation, limited liability company, partnership, or other entity that is controlled by the Company, or is under common control with the Company (in each case "control" meaning the direct or indirect ownership of 50% or more of all outstanding equity interests), provided, however, that the Executive's title need not be identical for each of the affiliated entities nor the same as that for the Company.

  • Members (a) A Person shall be admitted as a Member and shall become bound by, and shall be deemed to have agreed to be bound by, the terms of this Agreement if such Person purchases or otherwise lawfully acquires any Share, and such Person shall become the Record Holder of such Share, in accordance with the provisions of this Agreement. A Member may be a Class A Member, a Class B Member and or Class C Member, and, in such case, shall have the rights and obligation accorded to the Class A Ordinary Shares with respect to such Class A Ordinary Shares or the rights and obligation accorded to the Class A Preferred Shares with respect to such Class A Preferred Shares, as applicable, the rights and obligations accorded to the Class B Ordinary Shares with respect to such Class B Ordinary Shares and the rights and obligations accorded to the Class C Ordinary Share with respect to such Class C Ordinary Share. A Person may become a Record Holder without the consent or approval of any of the Members and without physical execution of this Agreement. A Person may not become a Member without acquiring a Share.

  • Additional Members One or more additional members may be admitted to the Company with the consent of the Member. Prior to the admission of any such additional members to the Company, the Member shall amend this Agreement to make such changes as the Member shall determine to reflect the fact that the Company shall have such additional members. Each additional member shall execute and deliver a supplement or counterpart to this Agreement, as necessary.

  • Substituted Members Subject to the provisions of Article X hereof, in connection with the Permitted Transfer of a Unit hereunder, the Permitted Transferee shall become a Substituted Member on the effective date of such Transfer, which effective date shall not be earlier than the date of compliance with the conditions to such Transfer, and such admission shall be shown on the books and records of the Company, including the Schedule of Members.

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