Member Transfer Clause Samples

Member Transfer. The holders of at least 90% of the outstanding Genesis Voting Membership Interests shall have effected the transfer of their Genesis Membership Interests in the LLC Exchange.
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Member Transfer. Member-2-Member Transfer is a feature of SRP Online and SRP Mobile that enables You to transfer funds from Your Credit Union Deposit Accounts (Savings or Checking Accounts) to another SRP Federal Credit Union Member’s Accounts. In order to complete such a transfer, You must provide the receiving member’s Share or Loan ID and full Member Number. This information must be provided to You by the Receiving Member. If the recipient does not know this information, they can locate it by referring to their periodic statement or by visiting any branch of SRP Federal Credit Union. SRP Federal Credit Union will not provide You directly with the Receiving Member’s Account information, unless You are also an owner of the Receiving Account. By providing incorrect Receiving Account information, You understand that it may be possible to transfer funds to the wrong Account, and that it may not be possible for SRP Federal Credit Union to resolve the error. By using this optional service, You understand that You are ultimately responsible for any negative outcome caused by submitting a Transfer Request to the wrong Account, and You agree to indemnify, defend, and hold Us harmless from and against any and all claims, losses, liability, cost, and expenses arising from Your provision of incorrect Receiving Account information. Your obligation under this paragraph shall survive termination of the Agreement.
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Member Transfer. Any Member or its affiliates (the "Acquiring --------------- --------- Member") may acquire from any other Member or its affiliates (the "Selling ------ ------- Member") all or any ------ part of the membership interest in Deepwater (a "Qualified Transfer") so long as ------------------ (a) at such time, no Charter Event of Default has occurred and is continuing; (b) such Acquiring Member has assumed all obligations of the Selling Member under its existing Drilling Contract, related Charter Supplement, Drilling Consent and Service Agreements and the Transaction Documents to which it is a party pursuant to an assignment and assumption agreement acceptable to the Funding Participants; (c) such Acquiring Member's Guarantor has assumed all obligations of the Guarantor related to the Selling Member under its Drilling Contract Guaranty and, as applicable, the Conoco Guaranty or Transocean Guaranty; and (d) such Acquiring Member has obtained the consent of each Participant for such Qualified Transfer; provided, that Deepwater will have the -------- right to replace any Participant that does not consent to such Qualified Transfer pursuant to Section 4.4. ------------
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Member Transfer. 47 SECTION 10 INDEMNIFICATION
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Related to Member Transfer

  • Improper Transfer Tenant shall assign, sublease or otherwise transfer or attempt to transfer all or any portion of Tenant’s interest in this Lease or the Premises except as expressly permitted herein, or Tenant’s interest in this Lease shall be attached, executed upon, or otherwise judicially seized and such action is not released within 90 days of the action.

  • Other Transfers (a) Upon receipt of Proper Instructions, the Custodian shall transfer to or receive from a third party that has been appointed to serve as an additional custodian of one or more Portfolios (an "Additional Custodian") securities, cash and other assets of such Portfolio(s) in accordance with such Proper Instructions. Each Additional Custodian shall be identified as such on Appendix "B", as the same may be amended from time to time in accordance with the provisions of Section 9.06(c) hereof. (b) Upon receipt of Special Instructions, the Custodian shall make such other dispositions of securities, funds or other property of a Portfolio in a manner or for purposes other than as expressly set forth in this Agreement, provided that the Special Instructions relating to such disposition shall include a statement of the purpose for which the delivery is to be made, the amount of funds and/or securities to be delivered, and the name of the person or persons to whom delivery is to be made, and shall otherwise comply with the provisions of Sections 3.01 and 3.03 hereof.

  • Sale or Transfer 15.9.3.1 In the event of a sale or transfer of a store or stores, an employee shall be allowed a seven (7) day period from the date of announcement to the employees of the sale or transfer during which time he may determine whether he wishes to stay with the seller or whether he wishes to make application for employment with the new owner or transferee. In the event the employee chooses to remain with the seller, such choice shall not be construed as any guarantee of employment over and beyond the terms of this Agreement. 15.9.3.2 In the event of a sale or transfer of a store or stores, the new owner or transferee shall make every effort to fill his employment needs in such store or stores from those employees of the seller or transferor who were employed in the stores sold or transferred. 15.9.3.3 Such new owner or transferee, however, shall not be required to retain in his employ any of the employees of the seller or transferor. Any employee of the seller or transferor who is employed within the thirty (30) day period referred to immediately below by the new owner or transferee shall be employed on a probationary basis for a period of thirty (30) days from the date the new owner or transferee assumes responsibility for the management and operation of the store or stores, subject to termination within such thirty (30) days with or without cause and without reference to seniority. Any termination within such thirty (30) day period shall not be reviewable through the grievance or arbitration procedures, except for a violation of Paragraph 15.9.3.2 of this Article. 15.9.3.4 Any employee of the seller or transferor who is employed by the new owner or transferee within such thirty (30) day period and who is retained on the payroll of the new owner or transferee for a period in excess of such thirty (30) day period, shall be credited with and retain all seniority acquired while in the employ of the seller or transferor since his most recent date of hire by such seller or transferor for the purpose of determining benefits to which he is entitled under the Collective Bargaining Agreement with the new owner or transferee by virtue of such seniority as if his employment were continuous, including retention of anniversary date of employment, provided that the employees of the seller or transferor shall for the purposes of termination be credited with no more seniority than that of the most-senior employee employed by the new owner or transferee covered by an agreement with a UFCW Local on the date of assumption of responsibility, and provided further that the new owner or transferee shall not be liable for any benefits or payments owed to the employee because of employment with the seller or transferor. “Seller or transferor” is defined to include prior owners of the same store since January 1, 1956. 15.9.3.5 The seller or transferor shall pay all vacation and sick leave accrued for time worked as of the date the sale or transfer becomes effective for all employees who have completed at least six (6) months with the Employer on the effective date of the sale or transfer, and said date shall become the date of employment with the new Employer for the purpose of vacation and sick leave only.

  • Membership Interest The Member shall own one hundred percent (100%) of the membership interests in the LLC, and all profits and losses shall be allocated to the Member.

  • 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.