Common use of Suspension of Membership Clause in Contracts

Suspension of Membership. (a) If a member fails to fulfill any of its obligations to the Association, the Association may suspend its membership by decision of a majority of the Governors, exercising a majority of the total voting power. The member so suspended shall automatically cease to be a member one year from the date of its suspension unless a decision is taken by the same majority to restore the member to good standing.

Appears in 4 contracts

Samples: Articles of Agreement, Articles of Agreement, Ida Articles of Agreement

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Suspension of Membership. (a) If a member fails to fulfill any of its obligations to the AssociationCorporation, the Association Corporation may suspend its membership by decision of a majority of the Governors, exercising a majority of the total voting power. The member so suspended shall automatically cease to be a member one year from the date of its suspension unless a decision is taken by the same majority to restore the member to good standing.

Appears in 2 contracts

Samples: Articles of Agreement, Articles of Agreement

Suspension of Membership. (a) If a member fails to fulfill fulfil any of its obligations to the Association, the Association may suspend its membership by decision of a majority of the Governors, exercising a majority of the total voting power. The member so suspended shall automatically cease to be a member one year from the date of its suspension unless a decision is taken by the same majority to restore the member to good standing.

Appears in 1 contract

Samples: Development Association Agreement

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Suspension of Membership. (a) If a member fails to fulfill fulfil any of its obligations to the AssociationCorporation, the Association Corporation may suspend its membership by decision of a majority of the Governors, Governors exercising a majority of the total voting power. The member so suspended shall automatically cease to be a member one year from the date of its suspension unless a decision is taken by the same majority to restore the member to good standing.

Appears in 1 contract

Samples: www.commonlii.org

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