Class I Member definition

Class I Member means any Person admitted as an additional member of the Company holding Class I Shares or a substitute member of the Company holding Class I Shares pursuant to the provisions of this Agreement, in each case in its capacity as a member of the Company holding Class I Shares and for so long as such Person continues to hold Class I Shares.

Class I Member means the Class I Members of Borrower pursuant to the Operating Agreement and as otherwise described in “Change of Control”, each a “Member”.

Class I Member. Except as provided in Section 4.7(c), the Class I Member shall not be required to make any additional contribution to the capital of the Company after October 31, 1999."

Examples of Class I Member in a sentence

• Simultaneously with any such conversion, the applicable Class R Member will automatically and without any action on the part of such Class R Member or any other Person be admitted to the Company as a Class I Member and shall cease to be a Class R Member.

• Simultaneously with any such conversion, the applicable Class R-I Member will automatically and without any action on the part of such Class R-I Member or any other Person be admitted to the Company as a Class I Member and shall cease to be a Class R-I Member.

• Each Class I Election Notice may include a statement of the maximum number of Offered Class I Units that such Other Class I Member is willing to purchase and must include an offer to acquire the same percentage of each class or series of Membership Interests included in the Offered Class I Units.

• Any Class H Member or a Class I Member who has been admitted to membership as a consequence of his or her election as a director of the Corporation shall automatically cease to be a Member upon his or her ceasing to be a director.

• Such deemed offer and acceptance procedures described in the immediately preceding sentence shall be deemed to be repeated until either (x) all of the Offered Class I Units are accepted by the Other Class I Members or (y) no Other Class I Member desires to subscribe for more Offered Class I Units.

• If not already a Member of the Corporation, each director shall apply to become a Class H Member or a Class I Member (as applicable) within ten (10) days of his or her election as a director.

• Following the payment of the Class I Member revenue share, the remaining net profits or losses of the strategy are divided amongst the Class A, B, C, and D-1 members with 49.37% of the remaining net profits allocated to the Class D-1 Member and the balance allocated to Class A, Class B, and Class C Members in proportion to their agreed upon ownership percentages.

• Each Class I Member shall have the right to appoint an alternate to serve as Director in his or her stead in accordance with Section 703(d) of the N-PCL.

• They shall have the right to vote for the election of directors, changes in the Constitution, and the disposition of the assets in any dissolution of the Associations.Each organization, agency, company, or other entity which is a Class I Member shall designate in writing to the Association Secretary its representative (herein known as a Designated Representative) who shall serve until the organization designates a successor.

• Motion to receive and file letter from the Mayor appointing Commissioner Hewitt as her designee to serve as Class I Member of the Planning Board until December 31,2023.

More Definitions of Class I Member

Class I Member has the meaning set forth in Section 5.1.

Class I Member means Maple Leaf Sports & Entertainment, Ltd., an Ontario corporation, in its capacity as a Class I Member, as set forth on Exhibit A, which shall be updated from time to time.