Accepting Member definition

Accepting Member shall have the meaning specified in Section 5.1(b)(i).
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Accepting Member is defined in Section 11.04(b).
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Accepting Member shall have the meaning set forth in Section 10.03(b) hereof.
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Examples of Accepting Member in a sentence

  • If the Accepting Member does not provide such notice within such sixty (60) days, it shall be obligated to sell its Interest to the Electing Member for the Designated Price.

  • Such Accepting Member shall not be obliged to complete the purchase of the Offered Interest if the terms of the Transfer Approval granted by such Governmental Authority are such as would make the rights or obligations of such Accepting Member with respect to the Offered Interest less favorable than was the case prior to such Transfer Approval.

  • Incomplete submissions may be excluded from the review and may not be used for the WTE assessment.

  • In addition, the Commercial Deadlock Notice shall specify the price and other terms (the "Designated Price") for which the Electing Member (or any Affiliate of the Electing Member designated by it) agrees that it will either purchase all of the other Member's (the "Accepting Member") Interest or sell all of the Electing Member's Interest to the Accepting Member (or any Affiliate of the Accepting Member designated by it).

  • A Motion was made by Councilor MacDonald and seconded by Councilor Bodie to pass Resolution 2019- 08 Accepting Member Resignation and Making an Appointment.

  • This Agreement will automatically terminate upon the transfer of the Referred Member or a Referred Member’s downline back to the Referring Member (Option A), or upon the transfer of the VP Promotion Swap to the Accepting Member (Option B).

  • A duly completed and delivered IDT Acceptance Notice shall constitute a binding irrevocable agreement by the Liberty Accepting Member to purchase the IDT Offered Units at their Fair Market Value as provided in this Section 2.2. If a Liberty Acceptance Notice meeting the requirements specified above is not delivered within such ten Business Day period, then the Liberty Members shall be deemed to have rejected the offer of the IDT Offered Units.

  • At any closing referred to herein, the Nonaccepting Member shall pay to the Accepting Member the Right of Refusal Purchase Price and each party shall execute and deliver such appropriate and customary closing documents, including opinions of legal counsel, as the other party may reasonably request for the purpose of consummating the sale.

  • Any Accepting Member may require or permit any of their respective Subsidiaries or Affiliates to purchase Units that they otherwise would be required or permitted to purchase under this Section 11; and performance of such rights or obligations under this Section 11 by such Subsidiary or Affiliate will be treated as performance by the Accepting Member for all purposes.

  • A Member’s Acceptance is an irrevocable commitment by the Accepting Member to purchase from the Offering Member the number of Offered Units stated in the Member’s Acceptance, subject to allocation of Offered Units among the Accepting Members and the Company as provided in Section 11.04(c).


More Definitions of Accepting Member

Accepting Member is defined in Section 12.1.
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Accepting Member has the meaning given to such term in Section 14.6(a).
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Accepting Member means a Member who has offered to acquire any Sale Shares under Article 37;
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Accepting Member has the meaning set forth in Section 6.2(b).
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Accepting Member has the meaning set forth in Section 7.3(b).
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Accepting Member has the meaning given to such term in Section 14.6(a). "Acquiring Member" has the meaning given to such term in Section 12.1(b). "Acquisition" has the meaning given to such term in Section 12.3(a). "Acquisition Costs" has the meaning given to such term in Section 12.1(b).
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Related to Accepting Member

  • Participating member means a member who is required to make mandatory contributions by the applicable retirement act to his or her health reimbursement account.

  • Purchasing Member means a municipal utility which purchases electricity from a municipal electric cooperative association of which it is a member.

  • Redeeming Member has the meaning set forth in Section 11.01(a).

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Disposing Member is defined in Section 4.1.

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Founding Member means any individual who is either:

  • Other Member means a Voting Member who is not an Eligible Account Holder or a Supplemental Eligible Account Holder.

  • Transferring Member has the meaning set forth in Section 9.4.

  • Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Exchanging Member means a Member that Exchanges some or all of its Units.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Non-Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Panel Member ’ means a member of a panel;

  • Remaining Members has the meaning set forth in Section 11.2.

  • Non-Managing Member means any Member other than the Managing Member.

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Eligible Member means an employee who is enrolled in one of the designated benefits plans for which you offer participation in the wellness incentive program prior to the end of the first six months of the policy year and who remains enrolled in one of the designated benefits plans at the end of the policy year. Eligible Member also means the employee’s dependents to the extent that dependents are eligible to participate in the Blue Cross and Blue Shield wellness incentive program.) To qualify for a group wellness incentive award, you must meet the following program participation conditions: • You are a group eligible to offer the program as determined by Blue Cross and Blue Shield; and • You elect to offer the Blue Cross and Blue Shield wellness incentive program to your Members who are eligible to participate in the program at the start of your policy year and you continue the program for eligible Members through the end of the policy year; and • At least 20% of your Members who are eligible for the program must participate in the program during the policy year in which you offer the wellness incentive program; and • This Agreement is not be terminated before the end of the policy year in which you offer the wellness incentive program. When you offer a Blue Cross and Blue Shield wellness incentive program, Blue Cross and Blue Shield will determine if you qualify for a group incentive award within 90 days after the end of the policy year. Your group wellness incentive award will be calculated as a percentage of the total medical insurance premium you paid for the policy year for benefits plans for which you offer wellness incentive program participation, excluding any premium payments that are received by Blue Cross and Blue Shield after the end of the policy year. The percentage used to calculate your wellness incentive award will vary depending on how many of your eligible Members participate in the program during the policy year as follows: 1.25% when 20% to 49% of eligible Members participate; or 2.5% when 50% to 79% of eligible Members participate; or 7.5% when 80% to 100% of eligible Members participate. For the purpose of calculating your group wellness incentive award, an eligible Member who earns his or her individual maximum member wellness incentive payment in the policy year is considered to have participated in the program for that policy year. If you qualify for a group incentive award, Blue Cross and Blue Shield will issue the incentive amount to you (by means of a credit and/or a check) once the incentive amount has been calculated. You are solely responsible for determining whether you have any obligation to distribute all or part of your group wellness incentive award to your employees, or to credit a portion of your group wellness incentive award toward their benefits, or otherwise to notify them of your group wellness incentive award. You agree to indemnify and hold Blue Cross and Blue Shield harmless from any and all actions that may be brought against you or Blue Cross and Blue Shield due to your failure to provide any required distribution of, credit, or notification about, your group wellness incentive award to your employees.

  • Active member means a member of the pension program or the individual account program

  • Additional Member has the meaning set forth in Section 12.02.

  • Former Member means a member that has withdrawn from a qualified authority under this section or a prior member of a qualified authority that has been dissolved under this section.

  • Deferred member means a person who elected to receive deferred vested retirement

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Military service member means a person who is serving in the armed forces of the United States or in an active reserve component of the armed forces of the United States, including the national guard.

  • Continuing Member means a member of the Board of Directors of the Company who either (a) was a member of the Company's Board of Directors on the Effective Date and has been such continuously thereafter or (b) became a member of such Board of Directors after the Effective Date and whose election or nomination for election was approved by a vote of the majority of the Continuing Members then members of the Company's Board of Directors.

  • Bona fide member means an individual who participates in activities of a qualified organization