Capital Member definition
Examples of Capital Member in a sentence
Each of the WME Member, the SL Member, the KKR Member, the ▇▇▇▇▇▇▇▇ Member, the January Capital Member and the MSD Member, for so long as such Member continues to own Units equal to at least the Ownership Minimum, shall be entitled to designate one (1) individual to be a Board observer (each, an “ Board Observer”); provided, that the Board Observers designated by the ▇▇▇▇▇▇▇▇ Member and the January Capital Member may not be employees of the Company or any of its Subsidiaries.
The Management Operating Committee shall have the authority delegated to it by the WME Directors (provided, that (i) any Specified Member Matter may not be so delegated without the consent of the ▇▇▇▇▇▇▇▇ Member and the January Capital Member and (ii) any Specified Matter or other matter reserved for the Board hereunder may not be so delegated without the unanimous approval of the Board).
Each Member (other than the WME Member, the SL Member, the KKR Member, the MSD Member, the ▇▇▇▇▇▇▇▇ Member, the January Capital Member and the ▇▇▇▇ ▇▇▇▇▇ Member) hereby appoints the Company as such Member’s attorney-in-fact (with full power of substitution) and hereby authorizes the Company to execute and deliver in such Member’s name and on its behalf any amendment of this Agreement or other document relating hereto in furtherance of such Member’s rights and obligations pursuant to this Agreement.
The Interest of a Non-Contributing Additional Capital Member shall be deceased by the aggregate Interest increase of all Contributing Additional Capital Members as a result of funding such Non-Contributing Additional Capital Member's Failed Additional Capital Contribution.
The January Capital Member is a commercial limited liability company distinct from its ultimate shareholders and/or the executive organs of the government of any state and with the legal capacity to ▇▇▇ and be sued.