Called Member definition

Called Member is defined in Section 12.5.2(a).
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Called Member has the meaning set forth in Section 11.11(a).
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Called Member has the meaning set forth in Section 11.01(c)(i). “Called Unit” has the meaning set forth in Section 11.01(c)(i).
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Examples of Called Member in a sentence

  • By delivering a Call Notice, Leucadia is irrevocably committing to purchase the Call Units from the Called Member.

  • At such closing, the Called Member shall deliver such documents as the Calling Member may reasonably request to transfer good and indefeasible title to the Call Interests.

  • The Called Member shall transfer its Membership Interest free and clear of all liens, security interests, claims, and encumbrances.

  • If the Called Member does not object to the Calling Member’s proposed Fair Market Value within such thirty (30) day period and/or does not engage a Second Call Appraiser, then the Called Member will be deemed to have accepted the Calling Member’s proposed Fair Market Value of the Call Interests.

  • Such Fair Market Value determination shall be binding on the Called Member and the Calling Member.

  • No Redemption, Call or Direct Exchange shall relieve such Redeeming Member or Called Member of any prior breach of this Agreement.

  • If the Fair Market Value determinations of the First Call Appraiser and the Second Call Appraiser differ by an amount equal to or less than 10% of the higher of the two determinations of the Fair Market Value, then the Fair Market Value shall equal the arithmetic average of the two determinations (which shall be binding on the Calling Member and the Called Member).

  • Each Called Member hereby grants to the ZASH Member a limited power of attorney to execute any and all documents necessary to carry out the transactions contemplated by this Section 9.3 if the Called Member fails to execute and deliver after a reasonable period of time any document or instrument or fails to take any required action to consummate such transactions.

  • It is expressly intended by each Called Member that the power of attorney granted by this Section 9.3.4 is coupled with an interest, is irrevocable, and will survive and not be affected by the Incapacitation of the Called Member (or if the Called Member is a corporation, partnership, trust, association, limited liability company or other legal entity, by the dissolution or termination thereof) or by the Transfer (if any) of any of the Called Member’s Membership Interest.

  • At the closing, (a) the ZASH Member will pay each Called Member the Call Price for the Called Member’s Membership Interest in cash by wire transfer of immediately available funds to an account as designed by the Called Member, and (b) each Called Member will deliver to the ZASH Member such other documents or instruments as the ZASH Member may reasonably request to effect the purchase of the Called Member’s Membership Interest.


More Definitions of Called Member

Called Member has the meaning set forth in Section 11.01(c)(i). “Called Unit” has the meaning set forth in Section 11.01(c)(i). “Canadian Dollar Equivalent” means in respect of an amount expressed in U.S. dollars at any date, the product obtained by multiplying (i) such amount expressed in U.S. dollars by (ii) the average U.S. dollar / Canadian dollar daily exchange rate as published by the Bank of Canada for the period of five Business Days prior to the date of conversion. “Canco” means Wolverine Partners Corp., a Canadian corporation, together with its successors and assigns.
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Related to Called Member

  • Co-opted Member means a person who is not a member of the authority but who-

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • Retired member means any former member receiving a retirement allowance or any former member who has filed the necessary documents for retirement benefits and is no longer contributing to the retirement system;

  • Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

  • Interested Member means any person (other than the Company and any direct or indirect majority-owned subsidiary of the Company) that:

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

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

  • Insured Member means a member insured under this subdivision.

  • Ex Officio Member means a nonvoting member of the commission.

  • elected member means a member of the authority board who:

  • Qualified Member means a member of the Committee who is a “Non-Employee Director” within the meaning of Rule 16b-3(b)(3) and an “outside director” within the meaning of Regulation 1.162-27 under Code Section 162(m).

  • Enlisted member means a person in an enlisted grade.

  • appointed member means a member referred to in section 5(1)(a) or (b);

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

  • Teaching staff member means an employee who holds a position for which a certificate issued by the New Jersey State Board of Examiners is required.

  • Affiliate Member means an individual who is an umpire, referee, coach or other official who is associated with the Association but who is not an Individual Member.

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Founding Member means any individual who is either:

  • Unit Member means any certificated employee of the district who is included in the appropriate unit as defined in Article 2 and therefore covered by the terms and provisions of this Agreement.

  • Bargaining Unit Member or “employee” means a University employee who is included in the bargaining unit as defined in Article 2: “Recognition and Scope”.

  • 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.

  • Alternate member means a person who is qualified under Iowa Code section 148.2A to substitute for a board member who is disqualified or becomes unavailable for any other reason for a contested case hearing. An alternate board member is deemed a member of the board only for the hearing panel(s) for which the alternate board member serves.

  • Former Partner means (i) with respect to a Partner that is a trust, a Partner that has ceased to be a Qualified Trust, and has become a Former Partner, pursuant to the terms of Section 1.78; (ii) with respect to a Partner that is an Entity, a Partner that has ceased to be a Qualified Entity, and has become a Former Partner, pursuant to the terms of Section 1.18; (iii) a Partner that has become a Bankrupt Partner and a Former Partner, pursuant to the terms of Section 1.7; (iv) a Partner that has become a Pledgor Partner and a Former Partner, pursuant to the terms of Section 1.74; and (v) a Partner that ceases to be a Participating Stockholder with respect to the Class B Shares of each Company in which the Partnership owns Class B Shares.

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

  • Council Member means a member of the Council;

  • Inactive member means a member of the pension program or the individual account pro-