Existing Members definition

Existing Members has the meaning set forth in the Preamble.

Existing Members means each of the Members other than the Management Members.

Existing Members has the meaning set forth in the recitals hereto.

Examples of Existing Members in a sentence

• The Managing Member may not increase the Deceased Members’ Holdback Percentage beyond 24% unless the Managing Member increases the Holdback Percentage for both Existing Members and Retaining Withdrawn Members to 24%.

• For example, if the Holdback Percentage for Existing Members is decreased to 12.5%, the Holdback Percentage for Retaining Withdrawn Members and Deceased Members shall be reduced to 17.5% and 20%, respectively.

• For example, if the Managing Member reduces the Holdback Percentages for Existing Members, Retaining Withdrawn Members and Deceased Members to 12.5%, 17.5% and 20%, respectively, the Managing Member shall have the right to subsequently increase the Holdback Percentages to the Initial Holdback Percentages.

• The applicable Holdback Percentages initially shall be 0% for the Managing Member, 15% for Existing Members (other than the Managing Member), 21% for Retaining Withdrawn Members (other than the Managing Member) and 24% for Deceased Members (the “Initial Holdback Percentages”).

• The Additional Member acknowledges that the Existing Members have consented to the admission of the Additional Member to the Consortium on the basis of and in reliance upon (among other things) the representations and warranties in Sections 3(a)(1) to 3(a)(4) above, and the Existing Members’ consent was induced by such representations and warranties .

More Definitions of Existing Members

Existing Members is defined in Section 12.1(b).

Existing Members refers to Unitec Allied staff who were bound by the Allied Staff Collective Agreement at 14 February 2013 and who remain bound by that agreement at the date of ratification.

Existing Members means the Persons owning membership interests in the Redeveloper as of the date of this Agreement, which Persons are set forth in Exhibit E annexed hereto and made a part hereof.

Existing Members is defined in the Recitals.

Existing Members means any person on the Register of Members of Vast Solar on the day prior to the date of this Agreement.

Existing Members means each Person who, as of the Petition Date was a member of one of the Sellers’ three destination travel clubs as set forth on the list of Existing Members provided by Sellers to Buyer.

Existing Members means the Existing Members referenced in the first paragraph of this Agreement.