Obligation of Members Sample Clauses

Obligation of Members. The obligations of members of MACo PCT are as follows: (1) To pay promptly all annual or other payments to MACo PCT at such times and in such amounts as shall be established by the board pursuant to this agreement. All delinquent payments shall be paid with interest at the rate of 1/2% per month. Annual payments will be considered delinquent after August 15 of each policy year. Payments will not be considered delinquent if other prior arrangements are made for payment and approved by the board. When other arrangements for payment are made, the unpaid amount of the payment shall bear interest at the rate of 1/2% per month. MACo PCT may terminate any policy that involves a delinquent annual payment retroactive to the beginning of the policy year. Other payments will be considered delinquent 30 days after the mailing date of the invoice for payment. MACo PCT may terminate any policy for such delinquent payments 30 days after the mailing date of the invoice for payment. (2) To designate a voting representative and alternate for the members’ meetings. A member’s voting representative must be an employee or officer of the member county, but may be changed from time to time. (3) To allow the board and its agents, officers and employees reasonable access to all premises of the member and all member records, including but not limited to financial records, as required for the administration of MACo PCT. (4) To cooperate fully with the board’s attorneys, claims adjusters and any other administrators, agents, employees, or officer of MACo PCT in activities relating to the purposes and powers of MACo PCT. (5) To follow the loss reduction and prevention procedures established by the board. (6) To report to MACo PCT immediately all incidents or occurrences which could reasonably be expected to result in MACo PCT being required to consider a claim against the members, its agents, officers, or employees, or for casualty losses to members’ property within the scope of coverage undertaken by MACo PCT. (7) To adopt a risk management statement approved by the board. (8) To report to MACo PCT as soon as reasonably possible the addition of new programs and facilities or the significant reduction or expansion of existing programs and facilities or other acts which will cause material changes in the members’ risk. (9) To provide MACo PCT periodically, as requested, with information on the value of buildings and contents and other real and personal properties. (10) To participate i...
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Obligation of Members. Each member agrees to abide by the terms and conditions set forth on both sides of this agreement and by the rules, regulations, and schedules of Brownsville Fitness Group, LLC, which may be posted at the facility or issued oral- ly, and which may be amended from time to time at the sole discretion of Brownsville Fitness Group, LLC. Brownsville Fitness Group, LLC may terminate the agreement if in the judgment of Brownsville Fitness Group, LLC a member consistently fails to ob- serve the rules and regulations, has otherwise behaved in a manner contrary to the best interests of Brownsville Fitness Group, LLC or any Brownsville Fitness Group, LLC members, member has instituted any legal action against Brownsville Fitness Group, LLC including but not limited to civil actions, arbitrations and/or mediations, and or Brownsville Fitness Group, LLC has instituted any type of legal action includ- ing but not limited to civil actions, arbitrations, and/or mediations against a member. Member and/or buyer shall not be relieved of the obligation to make payments as agreed to and no deduction from any payment shall be made because of member’s failure to use Brownsville Fitness Group, LLC facilities.
Obligation of Members. The specific obligations of each Member to the LLC are to be set forth in separate sub-contracting agreements between each Member and the LLC, which agreements are to be annexed to this Agreement as Exhibit 2.13.
Obligation of Members. So long as this Agreement remains in effect, each and every present and future Member of Borrower agrees and covenants as follows:
Obligation of Members. The Members shall be jointly obligated to maintain, repair and plow Xxxxxxxx Xxxx so that it is safe and maintained in a good and reasonably passable condition at all times for travel by vehicles. In the event that any construction activity on an individual lot creates any damage to the road, then that individual lot owner shall be responsible for restoring the road to its original condition. Travel within Xxxxxxxx Xxxx shall not be hindered or obstructed. Parking within Xxxxxxxx Xxxx and the shoulders of its traveled way is prohibited.
Obligation of Members. As required by the Department, the Fund and its Members, jointly and severally, agree to assume and discharge, by payment, any lawful awards entered by the Department against the Fund or any Member of the group, which awards shall have been sustained by the courts where an appeal by either party is taken. Each Member agrees to be bound by all of the terms of the Trust Agreement as amended from time to time and to abide by the Bylaws, policies, rules and regulations promulgated by the Trustees for the administration of the Trust, as amended from time to time, regardless of whether the Member’s Trustee or Alternate Trustee approved or disapproved of any of the terms, Bylaws, policies, rules or regulations. The binding effect on each Member of the terms, Bylaws, policies, rules and regulations shall include, but not be limited to, the following: A. Each Member agrees to initiate and maintain a safety program to give its employees safe and sanitary working conditions and agrees to follow the general recommendations of the Trust, its Administrator, Trustees and agents to promote the general welfare of its employees. B. When an injury addressed by this Trust Agreement occurs, the Member shall electronically submit an accident report within 4 (four) business days to the Independent Service Agent designated by the Trustees. C. If claim is made or suit or other proceeding is brought against the Member, the Member shall immediately forward to the Independent Service Agent every demand, notice, summons or other process received. D. The Member shall cooperate with the Trust and, upon the Independent Service Agent’s request, shall cause appropriate representatives of the Member to attend hearings and trials and assist in effecting settlements, securing and giving evidence, obtaining the attendance of witnesses and otherwise cooperate in the conduct of suits, hearings or proceedings. The Member shall not, except at its own cost, which shall not be reimbursed by the Trust, voluntarily make any payment, assume any obligation or incur any expense other than for such immediate medical and other services at the time of injury as are required by the Kansas Workers’ Compensation Law or other applicable law. E. Each Member shall make prompt payment of all premium contributions and assessments required under this Agreement. F. Each Member does hereby appoint the Independent Service Agent as agent to act in the Member’s behalf to file reports and to make or arrange for payment of...
Obligation of Members 
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Related to Obligation of Members

  • 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.

  • CERTIFICATION OF MEMBERS The undersigned hereby agree, acknowledge, and certify that the foregoing Operating Agreement is adopted and approved by each Member. The agreement consisting of pages, constitutes, together with Exhibit 1, Exhibit 2, the Operating Agreement of , adopted by the Members as of the day of , 20 . Signature Printed Name Percent: % Signature Printed Name Percent: % Signature Printed Name Percent: % Signature Printed Name Percent: % Signature Printed Name Percent: %

  • Liability of Members The Members shall not have any liability for the obligations or liabilities of the Company except to the extent provided in the Act.

  • Rights of Members (a) Each Member irrevocably waives any right that it may have to maintain an action for partition with respect to the property of the Company. (b) Except as otherwise provided in this Agreement, (i) each Member shall look solely to the assets of the Company for the return of its Capital Contributions, and (ii) no Member shall have priority over any other Member as to the return of its Capital Contributions, distributions or allocations.

  • Termination of Manager If (a) the amounts evidenced by the Note have been accelerated pursuant to Section 8.1(b) hereof, (b) the Manager shall become insolvent, (c) the Manager is in default under the terms of the Management Agreement beyond any applicable grace or cure period, or (d) Manager is not managing the Property in accordance with the management practices of nationally recognized management companies managing similar properties in locations comparable to those of the Property, then, in the case of (a), (b), (c) or (d), Borrower shall, at the request of Lender, terminate the Management Agreement and replace the Manager with a manager reasonably approved by Lender on terms and conditions reasonably satisfactory to Lender, it being understood and agreed that the management fee for such replacement manager shall not exceed then prevailing market rates. In addition and without limiting the rights of Lender hereunder or under any of the other Loan Documents, in the event that (i) the Management Agreement is terminated, (ii) the Manager no longer manages the Property, or (iii) a receiver, liquidator or trustee shall be appointed for Manager or if Manager shall be adjudicated a bankrupt or insolvent, or if any petition for bankruptcy, reorganization or arrangement pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by or against, consented to, or acquiesced in by, Manager, or if any proceeding for the dissolution or liquidation of Manager shall be instituted, then Borrower (at Borrower's sole cost and expense) shall immediately, in its name, establish new deposit accounts separate from any other Person with a depository satisfactory to Lender into which all Rents and other income from the Property shall be deposited and shall grant Lender a first priority security interest in such account pursuant to documentation satisfactory in form and substance to Lender.

  • Admission of Members Other persons may be admitted as Members from time to time pursuant to the provisions of this Agreement.

  • Voting Rights of Members The Members shall have voting rights as defined by the Membership Voting Interest of such Member and in accordance with the provisions of this Agreement. Members do not have a right to cumulate their votes for any matter entitled to a vote of the Members, including election of Directors.

  • Limited Liability of Members No Member shall be liable for any debts or obligations of the Company beyond the amount of the Capital Contributions made by such Member.

  • Rights and Obligations of Members Section 6.1

  • Substitution of Members If unanimous written approval is received, the transferee shall:

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