Inactive Member Status Sample Clauses

Inactive Member Status. A swimmer may be designated as an inactive member due to disciplinary reasons, and failure to meet financial obligations or for other reasons determined by the PWSC Board of Directors (BOD), at its sole discretion. Inactive swimmers may not participate in any practices, swim meets, or other team activities. Inactive members remain liable for their financial obligations and may not vote on team matters unless they receive a financial abatement from the BOD.
Sample 1
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Inactive Member Status. An active member shall become an inactive member when such active member no longer holds Shares of Beneficial Interest in the Trust. Upon becoming an inactive member, such inactive member shall not be entitled to any rights, titles or privileges provided under the Declaration of Trust, any Participation Agreement, Informational Statements, the rules and regulations of the Trust and any other agreement, certificate, document, or other instrument executed by the Trust and the member pursuant to this Declaration of Trust, except such inactive member shall not be required to submit a Participation Agreement or other document for membership in the Trust in order to acquire Shares of Beneficial Interest in the Trust. The Trust shall owe no duties, obligations or responsibilities to inactive members. Subject to the provisions of Article II, Section 3, a person serving as a Trustee whose member becomes an inactive member may continue to serve as a Trustee for a period of 90 consecutive days after the member becomes an inactive member. If the Trustee's member remains an inactive member for 90 consecutive days, the Trustee shall cease to be eligible to serve as a Trustee and shall be automatically removed as a Trustee on the 91st day. If the inactive member becomes an active member as provided in this Declaration of Trust, within 90 days of becoming an inactive member and remains an active member for a period of 90 consecutive days, a Trustee from such member shall not cease to be eligible to serve as a Trustee. Inactive members may acquire Shares of Beneficial Interest under the terms of this Declaration of Trust, any Participation Agreement, or any other written agreement executed by the Trust and such member. Inactive members shall become active members upon acquiring Shares of Beneficial Interest as provided herein and shall be entitled to all rights, titles or privileges, and subject to all liabilities, as provided under the Declaration of Trust, any Participation Agreement, Informational Statements, the rules and regulations of the Trust and any other agreement, certificate, document, or other instrument executed by the Trust and the member pursuant to this Declaration of Trust. This section shall not be construed to effect in any way the rights of the Board of Trustees to cancel, suspend or expel a member pursuant to Article XI, Section 2. Inactive members may terminate membership in the Trust upon written notice addressed to the office or offices of the Trus...
Sample 1
Inactive Member Status. If you cancel your account or if we are unable to process your credit card for Paid Services and Features as described above, your membership account will be deactivated. You will automatically be placed in Discovery Member status, and any Paid Services or Features will be immediately removed from your Membership account, including all optional Add-on Services you have selected. All of your Services – including the VoiceZam™ player and marketing tools – will also be deactivated. When a membership account is deactivated, your account functions are limited. You may manage your billing information and reactivate your account, but all other functions are unavailable until your account is reactivated. During this period of deactivation, all your
Sample 1
Inactive Member Status. If my primary share Account falls below $5.00 and I do not have any outstanding loans with you, you may transfer me to inactive member status. As an inactive member, I will not be counted as a member for the purpose of determining quorums or required votes and will not be sent annual reports or financial statements except upon request.
Sample 1

Related to Inactive Member Status

  • Multi-Member The Members, or their designees, shall maintain complete and accurate records and books of the Company’s transactions in accordance with generally accepted accounting principles. The Company shall furnish each Member, within seventy-five days after the end of each fiscal year, an annual report of the Company including a balance sheet, a profit and loss statement a capital account statement; and the amount of such Member’s share of the Company’s income, gain, losses, deductions and other relevant items for federal income tax purposes. The Company shall prepare all Federal, State and local income tax and information returns for the Company, and shall cause such tax and information returns to be timely filed. Within seventy-five days after the end of each fiscal year, the Company shall forward to each person who was a Member during the preceding fiscal year a true copy of the Company’s information return filed with the Internal Revenue Service for the preceding fiscal year. All elections required or permitted to be made by the Company under the Internal Revenue Code, and the designation of a tax matters partner pursuant to Section 6231(a)(7) of the Internal Revenue Code for all purposes permitted or required by the Code, shall be made by the Company by the affirmative vote or consent of Members holding a majority of the Members’ Percentage Interests. Upon request, the Company shall furnish to each Member, a current list of the names and addresses of all of the Members of the Company, and any other persons or entities having any financial interest in the Company.

  • Dissociation of a Member The withdrawal, resignation, retirement, disability, expulsion, or bankruptcy of a member will terminate the membership of the member in the Company. Such a member will be deemed a “dissociated member.”

  • Disability of Member Upon the disability of a Member, the Member may continue to act as Manager hereunder or appoint a person to so serve until the Member's Interests and Capital Account of the Member have been transferred or distributed.

  • FINRA Member Shareholders There are no affiliations with any FINRA member firm among the Company’s officers, directors or, to the knowledge of the Company, any five percent (5%) or greater stockholder of the Company, except as set forth in the Registration Statement, the Base Prospectus, any Prospectus Supplement or the Prospectus.

  • Enrolled Nurse (With Notation) Pay point 4 (a) Pay point 4 refers to the pay point to which an EN has been appointed.

  • Employer Union Relations No employee or group of employees shall undertake to represent the Union at meetings with the Employer without the proper authorization of the Union. To implement this, the Union shall supply the Employer with the names of its officers and similarly, the Employer shall supply the Union with a list of its supervisory or other personnel with whom the Union may be required to transact business.

  • Not Plan Assets; No Prohibited Transactions None of the assets of the Borrower, any other Loan Party or any other Subsidiary constitutes “plan assets” within the meaning of ERISA, the Internal Revenue Code and the respective regulations promulgated thereunder. Assuming that no Lender funds any amount payable by it hereunder with “plan assets,” as that term is defined in 29 C.F.R. 2510.3-101, the execution, delivery and performance of this Agreement and the other Loan Documents, and the extensions of credit and repayment of amounts hereunder, do not and will not constitute “prohibited transactions” under ERISA or the Internal Revenue Code.

  • Termination of Membership You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share(s), if any, and closing all your accounts. You may be denied services for causing a loss to the Credit Union, or you may be expelled for any reason as allowed by applicable law.

  • Prohibited Transactions and Activities None of the Depositor, the Servicer or the Trustee shall sell, dispose of or substitute for any of the Mortgage Loans (except in connection with (i) the foreclosure of a Mortgage Loan, including but not limited to, the acquisition or sale of a Mortgaged Property acquired by deed in lieu of foreclosure, (ii) the bankruptcy of the Trust Fund, (iii) the termination of the Trust Fund pursuant to Article IX of this Agreement, (iv) a substitution pursuant to Article II of this Agreement or (v) a purchase of Mortgage Loans pursuant to Article II or III of this Agreement), nor acquire any assets for any REMIC created hereunder (other than REO Property acquired in respect of a defaulted Mortgage Loan), nor sell or dispose of any investments in the Collection Account or the Distribution Account for gain, nor accept any contributions to any REMIC created hereunder after the Closing Date (other than a Qualified Substitute Mortgage Loan delivered in accordance with Section 2.03), unless it has received an Opinion of Counsel, addressed to the Trustee (at the expense of the party seeking to cause such sale, disposition, substitution, acquisition or contribution but in no event at the expense of the Trustee) that such sale, disposition, substitution, acquisition or contribution will not (a) affect adversely the status of any of any REMIC Regular Interest created hereunder as a REMIC or (b) cause any REMIC Regular Interest created hereunder to be subject to a tax on “prohibited transactions” or “contributions” pursuant to the REMIC Provisions.

  • Ownership of FINRA Member Securities Except as disclosed in the Questionnaires provided to the Representatives, to the Company’s knowledge, no Company Affiliate is an owner of stock or other securities of any Member (other than securities purchased on the open market).

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