First Member definition
Examples of First Member in a sentence
The Second Member shall have the optional preferential right (to be exercised by notice to the First Member given no later than ninety days after the Second Member's receipt of the Disposition Notice) to acquire, for the same purchase price and on the same terms of any delayed payment that are set forth in the Disposition Notice, the Membership Interest that the First Member proposes to Dispose.
If the First Member fails so to Dispose of the Membership Interest within such sixty-five day period, the proposed Disposition shall again become subject to the preferential right set forth in this Section 4.3.
If First Member and Second Member ----------------------- fail to reach actual (or deemed) agreement during the Proposal Period (or if the proposal described above is not given), then the parties shall use good faith efforts to reach agreement on the Fair Market Value, of the Subject Property on or before the "OUTSIDE NEGOTIATION DATE" (which, as used herein, means the date that is 20 business days after the Determination Date or, if later, 10 business days after the Proposal Period, if any).
Such Person shall not have previously represented or provided services to either the First Member or Second Member, unless otherwise agreed by the Members.
In the event the Company's Members reach an impasse which threatens the operation of the Company, a member (the "First Member") may invoke the provisions of this section as set forth below.
First, Member States can agree to trans- fer new areas of competence to the EC organs.
Subject to the other provisions of this Article XI, either Member may Dispose of all of its Membership Interest in accordance with this Section 11.3. Should either Member at any time desire to Dispose of all (but no Member may Dispose of part of its Membership Interest) of its Membership Interest, such Member (the "First Member") shall promptly give notice thereof (the "Preferential Notice") to the other Member (the "Second Member").
Each of the Members receiving the First Member Requested Stock Offer shall have five (5) business days from their respective receipt of the First Member Requested Stock Offer to deliver written notice to the Manager of their election to purchase their pro rata share, by Membership Interest (but no less than their pro rata share, by Membership Interest) of the Member Requested Sale Stock offered pursuant to the First Member Requested Stock Offer (each a “Member Requested Stock Offer Election Notice”).
Wedding Couple: First Member of the Wedding Couple Second Member of the Wedding Couple Wedding Planner This contract template is for event planners who work with clients to organize weddings or other events.
If Second Member disagrees with any such proposed Fair Market Value, Second Member shall notify First Member in writing, within 10 business days after First Member's proposal is delivered, of its disagreement and its counterproposal (and failure to do so within such 10 business day period shall be deemed to constitute Second Member's agreement with First Member's proposal).