New Pool Members Sample Clauses

New Pool Members. (a) until the third Quarter Day next falling after the date of its admission as a Pool Member, any Party who is admitted as a Pool Member pursuant to Clause 8.2 shall have that number of Weighted Votes as fall to be determined in accordance with the following provisions of this Clause 11. 3.1. Thereafter, such Pool Member's Weighted Votes shall be calculated in accordance with Clause 11.2; (b) until the third Quarter Day next falling after the date of admission of the relevant Pool Member as a Pool Member such Pool Member shall have that number of Weighted Votes as are accorded to it upon its admission as a Pool Member by the Executive Committee (which the Executive Committee shall do prior to the date of such admission) who. shall have regard to the factors listed in paragraph (c), (d) and/or (as the case may be) (e) below or as are determined by the Director in accordance with Clause 11.5; (c) the factors referred to in paragraph (b) shall in the case of a Generator include: (i) the Registered Capacity of all Generating Units of such Generator; (ii) the Executive Committee's assessment of the likely availability of all such Generating Units for the period from the date of admission of such Pool Member as a Pool Member to the third Quarter Day next falling after such date, having regard to the registered Generation Scheduling and Despatch Parameters or (as the case may be) Generation Trading Block Scheduling and Despatch Parameters for such Generating Units; (iii) the Executive Committee's assessment of the likely output of all such Generating Units during such period having regard to the output of Generating Units which in the Executive Committee's opinion most nearly correspond to such Generating Units; (iv) the Executive Committee's assessment of the likely daily station load associated with the Power Stations of which such Generating Units form part during such period; and (v) where a Generating Unit of an existing Pool Member is transferred to, and then belongs to, such Generator at or soon after the time of such Generator's admission as a Pool Member, the Weighted Votes most recently attributed to that existing Pool Member by reason of that Generating Unit shall be attributed to such Generator as if such Generator were a Transferee Pool Member under the provisions of paragraphs (A) and (B) of Clause 11.2; (d) the factors referred to in paragraph (b) above shall in the case of a Supplier be the total GWh which would be supplied by the relevant Suppli...
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Related to New Pool Members

  • 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

  • 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.

  • 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.

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

  • Initial Member (a) The name, address and initial Membership Interest of the initial Member is as follows: BR Cxxxxxx DFW Portfolio JV, LLC 100% c/o Bluerock Real Estate, L.L.C. 700 Xxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, XX 00000 (b) The Member was admitted to the Company as a member of the Company upon its execution of a counterpart signature page to this Agreement.

  • 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.

  • Managing Member Unless otherwise expressly provided in this Agreement, the Managing Member or any of its Affiliates who hold any Interests shall not be entitled to vote in its capacity as holder of such Interests on matters submitted to the Members for approval, and no such Interests shall be deemed Outstanding for purposes of any such vote.

  • Interest Holders The Administrative Agent may treat each Lender, or the Person designated in the last notice filed with the Administrative Agent, as the holder of all of the interests of such Lender in its portion of the Loans and in its Note until written notice of transfer, signed by such Lender (or the Person designated in the last notice filed with the Administrative Agent) and by the Person designated in such written notice of transfer, in form and substance satisfactory to the Administrative Agent, shall have been filed with the Administrative Agent.

  • Partnership Funds Pending application or distribution, the funds of the Partnership shall be deposited in such bank account or accounts, or invested in such interest-bearing or non-interest bearing investment, including, without limitation, checking and savings accounts, certificates of deposit and time or demand deposits in commercial banks, U.S. government securities and securities guaranteed by U.S. government agencies as shall be designed by the General Partner. Such funds shall not be commingled with funds of any other Person. Withdrawals therefrom shall be made upon such signatures as the General Partner may designate.

  • 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.

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