Controlling Member definition

Controlling Member. , in relation to a company, means a member who beneficially holds, directly or indirectly, either alone or together with a related person or persons—

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Controlling Member. , in relation to a company, means a member who beneficially holds, directly or indirectly, either alone or together with an associate or associates:

Controlling Member means Columbia Care.

Examples of Controlling Member in a sentence

• Each Minority Member shall promptly execute and deliver any and all instruments, agreements, and documents, and take all such other actions, as reasonably required by the Controlling Member in connection with this Section 10.07.

• The other Members, within sixty (60) days of the receipt of such notice (or such longer period of time as the Controlling Member shall designate in such notice) shall sell all of their Membership Units to the Buyer (as defined in Section 14.02 below) on the same terms and conditions as the Controlling Member’s Membership Units, unless the other Members elect to purchase (on the same terms and conditions), all of the Controlling Member’s Membership Units.

• If the Controlling Member intends to sell its Membership Units so that it would hold less than 50% of the Membership Units pursuant to a bona fide offer of a third party (who does not desire to purchase all of the outstanding Membership Units (the “Buyer”), the Controlling Member shall notify the other Members in writing of such offer and its terms and conditions.

• If the Controlling Member desires to sell all of Membership Units of the Company pursuant to a bona fide offer of a third party (the “Purchaser”), the Controlling Member shall notify the other Members in writing of such offer and its terms and conditions.

• Distributions to the Controlling Member shall be made from earnings on the Eligible Investments or the proceeds thereof, net of any expenses relating to such earnings.

More Definitions of Controlling Member

Controlling Member means an individual or entity that has the ability to direct the activity of the Company (alone or together with its Relatives or Affiliates). A person or entity shall be considered to be a Controlling Member if: (1) it holds half or more of the rights to appoint directors of the Company; or (2) it holds 25% or more of the rights to vote in the Company’s general meeting; for the purposes of holding, two or more individuals or entities who holds voting rights in the company and each of whom has a personal interest in the approval of the same transaction or act shall be deemed as one Holder.

Controlling Member means GolfSuites 1, Inc., a Delaware corporation

Controlling Member means the Obligated Group Member designated by the Obligated Group Agent to establish and maintain control over a Restricted Affiliate under the Master Trust Indenture.

Controlling Member of a partnership means any general partner or any limited partner with 10 percent or more equity interest in the partnership.

Controlling Member means a Borrower designated by the Borrower Representative to establish and maintain control, directly or indirectly, of a designated affiliate, whether through the ownership of such Person’s voting securities, partnership interests, membership, reserved powers, the power to appoint such Person’s members, trustees or directors or otherwise.

Controlling Member means Hobsonville Land Company Limited and its assigns.

Controlling Member is defined in Section 8.1.