Examples of Developer Member in a sentence
Strategic Developer Members shall be entities that meet the requirements of a Strategic Developer Member as set forth under the heading “Strategic Developer Members” in the Membership Agreement, as amended from time- to-time in accordance with any and all requirements of these Bylaws set forth herein.
Each Strategic Developer Member shall be entitled to Board representation in accordance with Section 3.3(a).
However, an entity may not join the Eclipse Foundation as a Strategic Developer Member if at the time it applies for such status, Strategic Developer Members in the aggregate hold more than two-thirds (2/3) of the seats on the Board or adding another Strategic Developer Member would result in Strategic Developer Members holding more than two-thirds (2/3) of the Board seats.
Each Strategic Developer Member (as defined in Section 6.2(a) below) shall be entitled to appoint one (1) representative to the Board (a “Strategic Developer Director”), provided, that, such representative must be an employee, officer, director, or consultant of the nominating Strategic Developer Member in order to be eligible to serve as a Strategic Developer Director.
Any vacancy of a Board seat appointed by a Strategic Developer Member or Strategic Consumer Member shall be filled within three (3) weeks of the vacancy by the Member whose Board seat has been vacated.
Any Strategic Developer Member that is not leading a PMC is entitled to designate one (1) representative to the Planning Council unless an employee, officer, director, or consultant of the Member has already been appointed to the Council.
To accept the Trustee’s argument that FreeStream’s portion comes from GRHC would mean that the Court would have to change the Developer Member to GRHC even though the Lookout Redemption Agreement states that LWHC is the Developer Member.
The payment structure in the Lookout Redemption Agreement provides:Lookout shall pay, subject to adjustment as provided below, $10,507,000 (the “Final Installment”) as follows: (i) 25% of the Final Installment to FreeStream Capital LLC, as full satisfaction of all amounts that may be due to FreeStream Capital LLC from Lookout, Developer Member and/or Investor Member, and (ii) 75% of the Final Installment to Developer Member.21 This language makes clear that FreeStream’s portion comes directly from Lookout.
Upon the termination of the membership of a Strategic Developer Member pursuant to Section 6.17, any Strategic Developer Director nominated by such Strategic Developer Member shall be removed from the Board immediately therewith.
Lookout is now a fully owned Edison entity; thus, FreeStream’s payment comes from Edison and does not pass through the Developer Member.