Electing Members definition

Electing Members is defined in Section 7.9.

Electing Members shall have the meaning given such term in Section 15.6C hereof.

Electing Members has the meaning given to it in the Reorganization Agreement.

Examples of Electing Members in a sentence

• At each Member Meeting at which a Director position is scheduled for election by Members Using a Cooperative Service at a Location within the Cooperative Service Area (“Electing Members”), the Electing Members shall elect the Director from the Nominating Committee Nominations or Member Petition Nominations by a plurality of votes cast by Electing Members with a Member Quorum present in person or represented by Member Proxy or voting by Mail Ballot.

• The right of each Electing Member to purchase New Interests in excess of its Percentage Interest shall be based on the relative Percentage Interests of the Electing Members desiring to purchase Over-Allotment Amounts.

• Any such Compelled Sale Notice may be rescinded by the Electing Members by delivering written notice thereof to the Company and all of the Non-Electing Members.

• An assignment by Buyer of its rights under this Agreement shall not relieve Buyer of any liability hereunder nor shall it relieve the assignee of the obligation to deliver the OP Units to the Electing Members at Closing.

• If at the end of the Election Period, the aggregate percentage of the Transferred Interest specified by the Electing Partners in Election Notices is equal to or greater than 100%, then the Transferring Member shall transfer the Transferred Interest to such Electing Members on a prorata basis in accordance with the percentages of the Transferred Interest set forth in their respective Election Notices, and in accordance with all other terms set forth in the Transfer Notice.

More Definitions of Electing Members

Electing Members is defined in Section 7.3(a).

Electing Members has the meaning set forth in Section 14.03(a) hereof.

Electing Members has the meaning set forth in Section 13.1(d).

Electing Members has the meaning set forth in Section 9.3(a).

Electing Members has the meaning set forth in Section 5.3.

Electing Members has the meaning specified in Section 6.5(b).

Electing Members means the Class A Member and each Class B Member electing to receive monthly distributions of Company earnings in accordance with Section 4.2(b).