Financial Members definition

Financial Members means in respect of each class of membership “those persons who have paid or who have contracted to pay the subscription appropriate to their membership class and shall exclude those persons whose subscription is unpaid in terms of Rule 8(ii) of these rules.” The term “financial member” is not synonymous with the term “full member”.

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Financial Members means all Members who have:

Financial Members means any Member who must pay subscription fees under this Constitution. “Law” means the Corporations Law.

Examples of Financial Members in a sentence

Financial Members of TTTG are automatically covered by the Group’s General (Public) Liability Insurance.
For the purpose of this Agreement, public holidays will include the following days: New Year’s Day, Australia Day, Labour Day, Good Friday, Easter Saturday, Easter Monday, Anzac Day, Queen’s Birthday, Christmas Day, Boxing Day, Financial Members Day, (1st Monday in December or other day arranged by mutual consent) and any other days proclaimed as holidays in New South Wales either as substitution for or in addition to any of the above.
If the Company realizes Net Income in a given year (after the payment of the Class B Financial Member guaranteed payment), the Net Income shall be allocated to the Financial Members based upon the ratio of each Financial Member's Capital Account to the total of all Class A Financial Member and Class B Financial Member Capital Accounts until the Net Loss previously allocated the Financial Members has been restored.
MVP Financial Members have no liability to pay any fees or commissions or other consideration to any broker, finder, or agent with respect to the transactions contemplated by this Agreement.
Class B Financial Members shall be entitled to receive an annual guaranteed payment equal to 15% of such Member's Unrecovered Contribution.
All representations and warranties made by MVP Financial and MVP Financial Members in this Agreement shall be true and correct on and as of the Closing Date as if again made by them on and as of such date.
Subject to Section 7.06 hereof, or under Section 704 of the Class A Code, for bookkeeping and all other purposes including Sections 702 and 704 of the Code, in the event the Company recognizes a Net Loss in a given year (after the payment of the Class B Financial Member guaranteed payment), the Net Loss will be allocated to the Financial Members based upon the ratio of each Financial Member's Capital Account to the total of all Class A Financial Member and Class B Financial Member Capital Accounts.
MVP Financial Members are at the time of the offer and execution of this Agreement, either domiciled and resident outside the United States (a “Non-U.S. Shareholder”) and or is an “accredited investor” (as such term is defined in Rule 501(a) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act).
Company has all corporate power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby and upon the execution and delivery by MVP Financial and the MVP Financial Members and the performance of their obligations herein, will constitute, a legal, valid and binding obligation of Company.
The by-laws shall be effective only if approved by unanimous vote of all Financial Members of the COMMISSION.

More Definitions of Financial Members

Financial Members means a members who has paid to the Company an amount which is not less than the annual minimum subscription for the current financial year prescribed for the class of membership to which that members belongs (not being associate or support membership)

Financial Members means the financial members of the Committee that contribute only to the administration account the Forest Owners Group

Financial Members means a member who has paid their membership in full.

Financial Members means members of the Management Committee who represent organisations that make a financial contribution to the operating costs of CyclingSouth. This usually means an employee or elected member of a Council, but can include a representative of a government agency or corporate sponsor.

Financial Members means those persons who have paid the membership and other fees, as may be determined by the Committee from time to time, and whose membership is not suspended;