Each Member definition

Each Member s Capital Account shall be decreased by:

Each Member has made a Capital Contribution in cash to the Company as set forth on Schedule A attached hereto. Except as set forth in Section 8.2, no Member shall make any additional Capital Contributions to the Company without the prior approval of a Majority-in-Interest of the Members. No Member shall be obligated to make any additional Capital Contributions to the Company. In particular, no Member shall be obligated to make any Capital Contribution to restore any deficit balance in such Member's Capital Account. No interest shall be paid on any Capital Contributions.

Each Member s share of Distributable Cash for the Calendar Year shall equal the sum of the Member's Shares of Daily Distributable Cash for all days during the Calendar Year.

Examples of Each Member in a sentence

• Each Member shall be required to report for all tax purposes consistently with such information provided by the Company.

• Each Member acknowledges and consents that following such a request to unsubscribe, such Member may receive one final text message from Masterworks confirming such request.

• Each Member hereby agrees that all current and future notices, confirmations and other communications may be made by the Company via email, sent to the email address of record of the Member provided to the Company as changed or updated from time to time, without necessity of confirmation of receipt, delivery or reading, and such form of electronic communication is sufficient for all matters regarding the relationship between the Company and the Members except as otherwise required by law.

• Each Member expressly consents to receiving calls and messages, including auto-dialed and pre-recorded message calls, and SMS messages (including text messages) from the Administrator, its affiliates, agents and others calling at their request or on their behalf, at any telephone numbers that the Member has provided to the Company or Masterworks (including any cellular telephone numbers).

• Each Member hereby expressly consents and agrees that, whenever in this Agreement it is specified that an action may be taken upon the affirmative vote or consent of less than all of the Members, such action may be so taken upon the concurrence of less than all of the Members and each Member shall be bound by the results of such action.

More Definitions of Each Member

Each Member s Capital Account shall be maintained in accordance with the following provisions:

Each Member has adequate means of providing for the Member's own current needs and possible personal contingencies and the Member has no need for liquidity in the Member's investment in the Membership Interests in the Company and the Member is able to bear the economic risks of the investment for an indefinite period.

Each Member s current Capital Account balance is set forth in Exhibit C) in accordance with the following:

Each Member s percentage interest ("Percentage Interest") is as set forth in Schedule A hereto, subject to adjustment as provided in Section 4.1(b) of this Agreement.

Each Member shall provide the legal means for interested parties to prevent use of a geographical indication identifying wines for wines not originating in the place indicated by the geographical indication in question or identifying spirits for spirits not originating in the place indicated by the geographical indication in question, even where the true origin of the goods is indicated or the geographical indication is used in translation or accompanied by expressions such as "kind", "type", "style", "imitation" or the like.[4]

Each Member s Capital Commitments represent, in the aggregate, the maximum amount of cash and/or property that such Member has agreed to contribute to the Company in accordance with the terms hereof, and no Member shall be obligated to contribute cash and/or property to the Company in any amount in excess of such Member's aggregated Capital Commitments. The initial Members currently agree that the aggregate of all Capital Commitments for the Initial Term shall not exceed *** for each Member without further written agreement of the Members.

Each Member has been given access to information requested by such Member regarding the Buyer, including the opportunity to ask questions of and receive answers from the officers of the Buyer concerning the present and proposed activities of the Buyer and to obtain the information which such Member deems necessary or advisable in order to evaluate the merits and risks of the transactions contemplated by this Agreement, and each Member has made his or its own independent investigation of the Buyer and the merits and risks of the transactions contemplated by this Agreement.