Departing Member definition

Departing Member as used herein, will mean a Company that is no longer permitted under the Code to be included in the consolidated federal income tax return.

Departing Member and "Transferor" shall include the Person(s) to whom the Member Interest was so transferred and the "Buyback Interest" shall include the Member Interest held by such Person.

Departing Member as used in paragraph 11, shall mean the TAP Subgroup at the time when it is no longer includible in the Citigroup Affiliated Group.

Examples of Departing Member in a sentence

• If the Departing Member and the Remaining Member do not reach agreement on price during such 30-day period, the price payable by the Remaining Member for the Departing Member’s Ownership Interest shall be the [***] of such [***] as of the Connection Termination Date, as determined pursuant to [***].

• If the GCI Member is the Departing Member, the amount of any remaining [***], if any and if not previously made, will be [***], the amount of [***], if any and if not previously made, will be [***], and the amount of any [***], if applicable and if not previously made, will be [***].

• The Departing Member and the Remaining Member shall negotiate in good faith for a period of 30 days following exercise of the CTE Put Right to agree on the price that the Remaining Member shall pay for the Departing Member’s Ownership Interest.

• The Departing Member and the Remaining Member shall negotiate in good faith for a period of 30 days following exercise of the CTE Call Right to agree on the price that the Remaining Member shall pay for the Departing Member’s Ownership Interest.

• The Buyout Notice shall specify the date on which the Transfer pursuant to an exercise of the Buyout Option shall be consummated, which date shall be no earlier than 30 days nor later than 90 days from the date of the Buyout Notice, unless otherwise agreed by the Remaining Member and the Departing Member.

More Definitions of Departing Member

Departing Member has the meaning specified in Section 9.1 of this Agreement.

Departing Member shall have the meaning specified in paragraph 10(a) hereof.

Departing Member. Departing Member" means any Member whose conduct results in a Dissolution Event or who withdraws from the Company in accordance with Section 4.3, where such withdrawal does not result in dissolution of the Company.

Departing Member means a manufacturer which ceases to a member of a pool VRTS participant part-way through the trading period;

Departing Member has the meaning set forth in Section 8.05(d).

Departing Member means Xxxxxxx X. XxXxxxx.

Departing Member means a Belvedere Member (or the duly and validly appointed representative of such Member in any instance wherein the Belvedere Member is deemed by a court of competent jurisdiction not to have the physical or mental capacity to act on his own behalf) whose employment terminated due to such Member’s Disability, or the estate of a deceased Belvedere Member whose employment terminated due to such Belvedere Member’s death.