Converting Member definition

Converting Member shall have the meaning set forth in Section 6.1(a).
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Converting Member means an Existing Owner who has elected, in his or her sole discretion, to acquire a Membership in the Club by signing and delivering to the Declaration a Purchase Agreement, an Assignment of Beneficial Use Rights, and all other required docu-
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Converting Member has the meaning specified in Section 11.2(c)(i).
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Examples of Converting Member in a sentence

  • Upon receipt of the Parent OP Units pursuant to the preceding sentence of this Section 6.1(b), each Converting Member shall be obligated pursuant to the Notice of Conversion described in Section 6.1(a)(ii) to immediately exercise its rights pursuant to Article XI of the Parent OP Agreement to convert all of its Parent OP Units into Parent REIT Shares or cash (as selected by Parent REIT pursuant to Article XI of the Parent OP Agreement).

  • Upon a Conversion, all Class B Interests held by each Converting Member will be converted into the number of Class A Interests having the same Fair Value on a fully diluted basis as the Class B Interests held by such Converting Member immediately prior to the Conversion.

  • In connection with the Conversion of a Membership Interest, the Manager or Liquidator shall provide written notice to each Converting Member setting forth the Fair Value of the Membership Interests, which notice shall include all information relevant to the determination of such Fair Value (a “Valuation Notice”).

  • In such event, the appraisers appointed by the Company and the Converting Member shall appoint a third qualified appraiser.

  • To the extent any shareholder approval is required under Section 8.6(a), (b) or otherwise but is not obtained, Euroseas will not be required to effect the transaction and shall have no liability to any Converting Member so long as it has fulfilled its obligations hereunder.

  • Within 15 days following receipt of a Converting Member’s notice of objection, the Company shall appoint a qualified appraiser and deliver a written notice to each Converting Member setting forth the name and business address of such appraiser (an “Appraiser Notice”).

  • Within 15 days following receipt of a Converting Member's notice of objection, the Company shall appoint a qualified appraiser and deliver a written notice to each Converting Member setting forth the name and business address of such appraiser (an “Appraiser Notice”).

Related to Converting Member

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

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

  • Trading Member means a Person who has been approved by Nadex to trade directly and not through a FCM Member on the Market, and does not include any FCM Member.

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

  • Founding Member means any individual who is either:

  • Voting Member means a Member holding one or more Voting Shares.

  • Non-Voting Member means a member of a Committee or Sub- Committee of the Council who is not a member of the Council and is not entitled to vote on any matter coming before that Committee or Sub- Committee;

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

  • Disposing Member is defined in Section 4.1.

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

  • Founding Members means the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.

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

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Preferred Member means a Member holding Preferred Units.

  • Redeeming Partner has the meaning set forth in Section 8.6.A.

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

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

  • 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.

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

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Defaulting Member the meaning set forth in Section 3.2(a).

  • Preferred Holder means, with respect to a series of Preferred Units, a Record Holder of such series of Preferred Units.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Exchanging Partner has the meaning provided in Section 8.05(a) hereof.

  • Voting Members has the meaning set forth in Section 4.07(b).

  • Class B Membership Interest means a Class B Membership Interest in Holdings.