Married Members Whose Sample Clauses

Married Members Whose. Spouses Do Not Sign This Agreement 28 Section 8.3 A Member May Not Unilaterally Dissociate: Act Section 29‐3601 29 Section 8.4 Events that Cause a Member’s Dissociation: Act Section 29‐3602 29 Section 8.5 Effect of a Member’s Dissociation: Act Section 29‐3603 31 Section 8.6 Company Records 32 Section 8.7 Priority and Return of Capital 32 Section 8.8 Tax Matters 32 Section 8.9 Other Instruments 32 Section 8.10 Confidentiality 33 Section 8.11 Maintenance of Subchapter S Status 34 Section 8.12 Falsification of the Articles of Organization 34 Section 8.13 Liability for Filing a False Document with the Arizona Corporation Commission: Act Section 20‐3205 35 Section 8.14 Transactions Between a Member and the Company 36 Section 8.15 Guaranties 36 Section 8.16 Consequences of the Company or a Member Getting a Judgment Against a Member 37 Section 8.17 Theft or Embezzlement 38 Section 8.18 Expulsion of a Member 38 Section 8.19 Company’s Purchase Option 39 Section 8.20 Payment Terms 40 Section 8.21 Sale of Company’s Real Property 40 Section 9.1 Definitions 41 Section 9.2 Preemptive Rights 41 Section 9.3 Requirement for a New Member 42 Section 9.4 Prohibition on Transfer of a Member's Membership Interest 42 Section 9.5 Transfers of Membership Interests Without Consent 42 Section 9.6 Transfer of a Membership Interest on Death of a Member by a Transfer of Membership Interest Testament 43
Sample 1
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Married Members Whose. Spouses Do Not Sign This Agreement 14
Sample 1

Related to Married Members Whose

  • Substitute Members No Member shall have the right to substitute a transferee of all or any part of such Member’s Units in its place, except as provided in this Article 11. Any such transferee of Unit(s) (whether pursuant to a voluntary or involuntary Transfer) shall be admitted to the Company as a Substitute Member only (i) with the consent of the Manager granted at its sole discretion, (ii) by satisfying the requirements of this Article 11, and (iii) upon the receipt of all necessary consents of governmental and regulatory authorities. Persons who become Substitute Members pursuant to Article 11.5 need not comply with clause (i) of the preceding sentence. Each transferee of all or part of a Member's Membership Units, as a condition to its admission as a Substitute Member, shall execute and acknowledge such instruments, in form and substance satisfactory to the Manager, as the Manager reasonably deems necessary or desirable to effectuate such admission and to confirm the agreement of such person to be bound by all the terms and provisions of this Agreement with respect to the Membership Units acquired. All reasonable expenses, including attorneys’ fees, incurred by the Company in this connection shall be borne by such person.

  • 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.

  • Substituted Member (a) An assignee of any Units or other interests in the Company of a Member, or any portion thereof, shall become a substituted Member entitled to all the rights of a Member if and only if the assignor gives the assignee such right. (b) Upon the admission of a substituted Member, Schedule A attached hereto shall be amended to reflect the name, address and Units and other interests in the Company of such substituted Member and to eliminate the name and address of and other information relating to the assigning Member with regard to the assigned Units and other interests in the Company.

  • How do the RMD Rules Impact my Designated Beneficiary or Beneficiaries The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death. Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.

  • Member's Capital Accounts A Capital Account for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of 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.”

  • 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.

  • Initial Members The initial members of the LLC, their initial capital contributions, and their percentage interest in the LLC are: Initial Percentage Interest Capital Members in LLC Contribution

  • Admission of Additional Members One or more additional members of the Company may be admitted to the Company with the written consent of the Member.

  • New Members No person may be admitted as a member of the Company without the approval of the Member.

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