Examples of Effective Date Members in a sentence
Prior to the third anniversary of the Effective Date, Members may not Transfer Voting Interests or Economic Interests except to other Qualified Members or members of their respective Affiliate Groups, nor shall Indirect Transfers of Interests be permitted except in accordance with the provisions of Section 9.4.
Our capital position is now healthy on all measures that we monitor.
Immediately following the admission of the Effective Date Members as members of the Company on the date hereof, the Manager shall cease to be a member of the Company (but shall remain as Manager), and upon such cessation as a member of the Company, the Manager’s $100 capital contribution to the Company shall be returned to the Manager without any interest or deduction and the Manager shall thereafter have no right, power, or interest in the Company as a member of the Company.
As of the Effective Date, Members shall elect and appoint Managers to the Board as provided in Section 5.3 of this Agreement.
As soon as practicable following the Effective Date, Members will each contribute to Tillamook Lightwave one hundred thousand dollars ($100,000.00).
Other than the initial Members of the Board of Directors following the Effective Date, Members of the Board of Directors of the Corporation (the "Board") may be elected only by a plurality of the votes cast at the annual meeting of stockholders by the holders of record of the Corporation's issued and outstanding shares of capital stock present in person or represented by proxy and entitled to vote thereat.
CLAIRE’S HOLDINGS LLC By: Name: Title: 25776957.3325776957.34[Signature Page to Limited Liability Company Agreement] WEIL:\96757130\2\36182.0003 [Schedule A to Limited Liability Company Agreement] WEIL:\96757130\2\36182.0003 Case 18-10584-MFW Doc 1078-5 Filed 10/12/18 Page 70 of 90 25776957.3325776957.34 WEIL:\96757130\2\36182.0003 SCHEDULE A Effective Date Members and Company Security Holders as of the Effective Date1 This Schedule A will be kept on file in the books and records of the Company.
On the Effective Date, Members shall make the Capital Contributions indicated opposite their respective names on Schedule A.
Following the Effective Date, Members of the Post-Confirmation Debtor shall contribute to Post-Confirmation Debtor the cost to maintain the Property, pay property taxes, and make payments to creditors required pursuant to the Plan.
Upon the Effective Date Members shall have no rights with respect to their interests in Manager other than the right to receive the applicable number of Units in exchange therefor.