Amending the Membership Agreement Sample Clauses

Amending the Membership Agreement. This Membership Agreement may be amended from time to time pursuant to a vote of either the Board or the Members as set forth in this Section 4.10. A Member may propose an amendment to this Membership Agreement by submitting a written proposal to the Board (a “Member Amendment Proposal”). The Board may, in its sole discretion, determine if a Member Amendment Proposal should be disclosed to the Members and/or voted upon. A Member Amendment Proposal or a Board-initiated proposal to amend this Membership Agreement (each an “Amendment Proposal”) will be deemed to be a “Material Amendment Proposal” if it proposes to (i) amend the meaning of the term “Pledged Patent,” (ii) amend the meaning of the terms “Crypto Technology,” (iii) revise any obligations regarding the Membership Agreement with respect to a Defensive Patent Assertion or the obligation to reach an agreement regarding a Defensive Patent Assertion, (iv) amend the Patent Pledge, or (v) negatively impact or encumber the patents of any Member. A Material Amendment Proposal (including, for clarity, any such Board-initiated amendment proposals) will be deemed adopted if it was voted on and approved by seventy-five percent (75%) of the Members. All other Amendment Proposals will be deemed adopted if voted on and approved by a majority of the Board. All adopted Amendment Proposals will be promptly published and distributed to the Members. The Board, in its sole discretion, will determine the date on which an adopted Amendment Proposal will take effect, but such date will not be earlier than sixty (60) calendar days following the date on which the Board publishes and distributes the adopted Amendment Proposal to the Members. If a Member objects to the adoption of an Amendment Proposal, the Member may immediately withdraw from this Membership Agreement as provided in Section 4.7 (regardless of how long it has been a Member for) and if it does so before the effective date of the adopted Amendment Proposal, the terms in the Amendment Proposal will not apply to that Member.
Sample 1
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Amending the Membership Agreement. This Membership Agreement may be amended from time to time pursuant to a vote of either the Board or the Members as set forth in this Section 4.10. A Member may propose an amendment to this Membership Agreement by submitting a written proposal to the Board (a “Member Amendment Proposal”). The Board may, in its sole discretion, determine if a Member Amendment Proposal should be disclosed to the Members and/or voted upon. A Member Amendment Proposal or a Board-initiated proposal to amend this Membership Agreement (each an “Amendment Proposal”) will be deemed to be a “Material Amendment Proposal” if it proposes to
Sample 1
Amending the Membership Agreement. 12.1 The Membership Agreement can be amended by the National Council through a resolution to the Annual General Meeting or other general meeting. Amendments to any clauses on the face of the Membership Agreement will require a 75% majority of those voting at the meeting. Amendments to the supporting schedules of the Membership Agreement will require a simple majority of those voting at the meeting.
Sample 1

Related to Amending the Membership Agreement

  • Membership Agreement Membership in USA Gymnastics is a privilege and may be (i) denied, withheld, or non-renewed at any time by USA Gymnastics and/or (ii) suspended or terminated in accordance with USA Gymnastics’ bylaws, policies and standards. You agree that USA Gymnastics has the right to deny, withhold, non-renew, suspend or terminate your membership if you engage in any sexual misconduct, or if USA Gymnastics has reason to believe you pose a threat to the safety of athletes or other members. You have read, understand and agree to be bound by this Agreement, the USA Gymnastics bylaws, Safe Sport Policy, SafeSport Investigation & Resolution Procedures, and Code of Ethical Conduct. You are bound by all safe sport rules, policies and procedures whether published by USA Gymnastics or the U.S. Center for Safe Sport (“Center”), as well as all applicable state, federal, and local laws, including applicable criminal laws. You consent to the jurisdiction of the Center. Any discipline imposed by the Center or USA Gymnastics extends to your participation in all aspects of the Olympic Movement. You agree that any disciplinary measure, whether interim or final, whether imposed before or after the date of this Agreement, whether expired or in effect, may be posted on our website or otherwise publicly published and may include information identifying you and describing the misconduct alleged. You authorize USA Gymnastics and its members to disclose, in good faith, any information or honestly held opinions about you, including without limitation any membership records, USA Gymnastics SafeSport or Center information, or other disciplinary information, with any current or potential employer of yours. You further agree that USA Gymnastics may disclose any information provided by, or about, you as USA Gymnastics determines is reasonably necessary to comply with any law, regulation, legal process, or any request by any governmental body or agency, the Center, or the United States Olympic and Paralympic Committee (“USOPC”). TO THE MAXIMUM EXTENT ALLOWED BY LAW, YOU FOREVER RELEASE AND DISCHARGE USA GYMNASTICS AND/OR ITS MEMBERS FROM ANY AND ALL LOSS, LIABILITY, DAMAGE OR CLAIM OF ANY KIND OR NATURE, WHETHER KNOWN OR UNKNOWN, WHETHER IN LAW OR IN EQUITY, WHETHER NOW EXISTING OR ACCRUING IN THE FUTURE, ARISING OUT OF OR IN CONNECTION WITH ANY INFORMATION OR OPINIONS DISCLOSED IN ACCORDANCE WITH THIS SECTION.

  • Partnership Agreement Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

  • AMENDING THE AGREEMENT 4.1 The Agreement may only be amended by a written agreement duly executed by the Parties.

  • Shareholders Agreement For so long as the ratio of the number of the Equity Securities owned by the Star Group on a fully diluted basis divided by the number of the Equity Securities owned by the Investor Group on a fully diluted basis is at least 0.6, the Guarantor may not take any of the actions set forth in schedule II of the Shareholders’ Agreement without the prior written approval of Star. For the purpose of this clause “on a fully diluted basis” means taking into account any shares issued or issuable under warrants, options and convertible instruments (or other equity equivalents).

  • AMENDING OPERATING AGREEMENT This Agreement may only be amended by an affirmative vote or consent of all Members.

  • Operating Agreement You haves received and read a copy of the Company’s Operating Agreement (the “Operating Agreement”) and agree that your execution of this Agreement constitutes your consent to and execution of the Operating Agreement, and, that upon acceptance of this Agreement by the Company, you will become a member of the Company as a holder of Shares. When this Agreement is countersigned by the Company, the Operating Agreement shall be binding upon you as of the closing date.

  • Project partners and partnership agreements 1. A project may be implemented in a partnership between the Project Promoter and project partners as defined in paragraph 1(w) of Article 1.6

  • Amending Agreement The Trustees are directed to amend the Trust Agreement or the Pension Plan to be consistent with the provisions of this Agreement. The Trustees shall have discretion in acting on claims for benefits under the plan subject to review only in accordance with the arbitrary and capricious standard.

  • ENDING THE AGREEMENT a) If you are a consumer, we will end this agreement immediately if we find out that your belongings have been taken away from you to pay off your debts, or a receiving order has been made against you. We will also end this agreement if you do not meet any of the conditions of this agreement.

  • Transfer of Membership Interest The Sole Member may Transfer any part or all of its rights and interest (including, but not limited to, its Capital Account) in the Company (each a “Membership Interest”) now owned or hereafter acquired to any Person, and the transferee of such Membership Interest shall become a Member of the Company.

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