Declining Member shall have the meaning specified in Section 8.2(c).
Declining Member has the meaning ascribed thereto in Section 9.2.
Declining Member shall have the meaning specified in Section 3.03(b).
Examples of Declining Member in a sentence
Any Declining Member shall not be under an obligation to transfer his shares to Holdco in accordance with the provisions of this Article and shall consequently remain a Member of the Company.
Each Contributing Member shall have the right, thereafter, within three days after receipt of the Shortfall Notice to contribute all or a portion of such Member(s)’ Shortfall Amount to the Company (a “Shortfall Contribution”), in which event such Shortfall Contribution shall be treated as a loan to the Declining Member (each, a “Member Loan”).
More Definitions of Declining Member
Declining Member has the meaning set forth in Section 3.5.
Declining Member has the meaning set forth in Section 4.01(b)(vi)(B).
Declining Member shall have the meaning set forth in Section 3.1(c)(ii) of this Agreement.
Declining Member has the meaning set forth in Section 9.07(c).
Declining Member. Section 6.1(c)(ii) “Disclosing Party” Section 10.1(b) “Effective Date” introductory paragraph “Headwaters” introductory paragraph “Headwaters Representatives” Section 3.3(a) “Liquidating Trustee” Section 9.4(a)
Declining Member shall have the meaning set forth in Section 4.14(a).
Declining Member has the meaning given to that term in Section 4.05 herein.