Dissociating Member definition

Dissociating Member means a Person who has been a Member but who Dissociates. The term is used in each case with reference to a specific Dissociation and does not refer to Persons who have previously Dissociated, or who may subsequently Dissociate, in Dissociations other than the specific one under consideration.
Sample 1Sample 2
Dissociating Member includes a Dissociating Member’s successor in interest. If there is more than one purchaser of a Dissociating Member’s interest, the term “purchaser” includes all of them.
Sample 1

Examples of Dissociating Member in a sentence

  • Upon Dissociation from the Company by a Member, the Dissociating Member’s Interest shall automatically revert to the Company, and neither the Company nor the remaining Members shall be obligated to purchase the Interest of or make any payments to the Dissociating Member except as provided in Section 9.2(a).

  • In the event any Member dissociates prior to the expiration of the term of this Operating Agreement, and if the Members do not opt to purchase the Membership Interest of the Dissociating Member pursuant to Section 11.5 above, the dissociating Member shall be treated as an Assignee.

  • If they cannot agree on an appraiser, the remaining Members and the Dissociating Member shall each choose an appraiser and the two appraisers shall choose one additional appraiser.

  • By their signatures hereto, Dissociating Member and its Affiliates hereby covenant not to compete with the Company as provided below.

  • Dissociating Member and its Affiliates further agree that competition within the Non-Competition Territory is substantial and that adherence by Dissociating Member and its Affiliates to the restrictions imposed by this Agreement will not serve to substantially lessen competition.

  • Except as otherwise expressly provided herein, a Dissociating Member shall become an Economic Interest Owner only.

  • Dissociating Member and its Affiliates agree that they shall not, within the time period described above, engage in the licensed casino gaming activities business (as an owner, licensee, operator, or stockholder) in the Non-Competition Territory.

  • In the event any Member acquires knowledge of a Dissociation Event, that Member shall promptly give notice thereof, specifying the nature of the Dissociation Event and the identity of the Dissociating Member, to the Company and all of the other Members (including the Dissociating Member) and such notice shall be deemed to be notice from the Dissociating Member for purposes of this Section 9.2(A).

  • In the event any Member acquires knowledge of a Dissociation Event, that Member shall promptly give notice thereof, specifying the nature of the Dissociation Event and the identity of the Dissociating Member, to the Company and all of the other Members (including the Dissociating Member) and such notice shall be deemed to be notice from the Dissociating Member for purposes of this Section.

  • In accordance with the provisions of the Limited Liability Company Operating Agreement of the Company dated as of January __, 2004 (the "Operating Agreement"), the Dissociating Member has withdrawn from the Company in strict compliance with the Operating Agreement or has assigned all of his Economic Interest in the Company in strict compliance with the Operating Agreement.

Related to Dissociating Member

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

  • Founding Member means any individual who is either:

  • Presiding Member means the presiding member of a committee or the deputy presiding member, or a member of the committee when performing a function of the presiding member in accordance with the Act;

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

  • 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.

  • Public member means a person who is not a health

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Potential Member means an individual who meets the eligibility requirements to enroll in the Oregon Health Plan but has not yet enrolled with a specific PHP or CCO.

  • Panel Member ’ means a member of a panel;

  • 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.

  • Active member means a member of the pension program or the individual account program

  • Principal Member means the person who signs the application and is responsible for the payment of premiums.

  • Disposing Member is defined in Section 4.1.

  • Tribal Member means an enrolled member of the Tribe.

  • appointed member means a member referred to in section 5(1)(a) or (b);

  • Preferred Member means a Member holding Preferred Units.

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.2.

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

  • Transferring Member has the meaning set forth in Section 11.3(a).

  • Inactive member means a member of the pension program or the individual account pro-

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

  • 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.

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Interested Member means any person (other than the Company and any direct or indirect majority-owned subsidiary of the Company) that:

  • lay member means a member of the Authority, who is not, nor has been:

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

Most Referenced Clauses

Most Referenced Definitions