Common use of Delinquent Member Clause in Contracts

Delinquent Member. A Member or Assignee who has failed to meet the Commitment of that Member or Assignee.

Appears in 3 contracts

Samples: Member Control and Operating Agreement (Investors Real Estate Trust), Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC), Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC)

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Delinquent Member. A Member or Assignee who has failed to meet the Commitment of that Member or of Assignee.

Appears in 1 contract

Samples: Operating Agreement (Fibermark Office Products LLC)

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