Common use of Membership Provisions Clause in Contracts

Membership Provisions. 4.1 The Members agree and undertake with each other that:- (a) They intend that the only Members of the Company shall be organisations which have a freehold or leasehold interest in the Building and the PCC shall be deemed to have an interest while the Coventry Diocesan Trustees (registered) has such an interest; (b) They will nominate and authorise representatives of their respective Members in sufficient number and capacity to attend and participate in meetings of the Members and they will will take all reasonable steps to ensure that those persons so appointed report back to their respective organisations on a regular basis in order to keep the Members fully informed of all relevant decisions and proposals in respect of the Company; (c) The voting rights of Members shall be as follows: (i) CMCC: 2 votes (ii) PCC: 1 vote (iii) WDC: 1 vote (d) Each of the Members shall be entitled to remain a Member of the Company and, subject to compliance with the terms of this Agreement and the law, shall not be subject to removal by the other Members;

Appears in 1 contract

Samples: Members' Agreement

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