Funding Members definition

Funding Members as defined in 3.11[a].
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Funding Members has the meaning for such term set forth in Section 6.3.
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Funding Members means the Westxxxxx Xxxbers, Alter Member and Biederman Member.
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Examples of Funding Members in a sentence

  • This Finance Agreement shall be amended only by the written agreement of all Parties who continue to be Funding Members at the time any such amendment is undertaken.

  • Notwithstanding any other provision in this Agreement, in no event shall the Funding Members be liable for any direct, incidental, consequential, punitive, special, exemplary, or indirect damages.

  • Upon providing written notice of its withdrawal, Funding Members shall forfeit any payments toward the costs outlined in Section 5.1.3 unless otherwise specifically outlined in the Funding Agreement.

  • The MVCP will operate under the day –to -day direction of a Partnership Manager with the assistance of such staff as the MVCP may require and as may be agreed between Core Funding Members.

  • These costs, subject to the agreement of each of the Core Funding Members will be met on the basis of an annual grant by apportioning charges between the Core Funding Members.

  • In such event, any actions which require the Approval of the Executive Committee shall be deemed Approved only if Representatives with a Voting Interest representing a Majority-in-Interest of the Funding Members vote in favor of such action.


More Definitions of Funding Members

Funding Members is defined in Section 7.3(a).
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Funding Members shall have the meaning given such term in Section 4.2.
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Funding Members means the Xxxxxxxxx Members, Alter Member and --------------- Xxxxxxxxx Member.
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Related to Funding Members

  • Founding Members means those public school districts, cities, counties, and other governmental units that are signatories to the Joint Powers Agreement and have a voting member serving on the JPA's Board of Directors.

  • Founding Member means any individual who is either:

  • Class A Members means those Members who have purchased Class A Interests.

  • Remaining Members has the meaning set forth in Section 11.2.

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • Defaulting Member the meaning set forth in Section 3.2(a).

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Preferred Member means a Member holding Preferred Units.

  • Members’ Percentage Interests means the ownership percentage interests as mentioned in Section I of this Agreement. During each fiscal year, the net profits and net losses of the Company (other than from capital transactions), and each item of income, gain, loss, deduction, or credit entering into the computation thereof, shall be credited or charged, as the case may be, to the capital accounts of each Member(s) in proportion to the Members' Percentage Interests. The net profits of the Company from capital transactions shall be allocated in the following order of priority: (a) to offset any negative balance in the capital accounts of the Member(s) in proportion to the amounts of the negative balance in their respective capital accounts, until all negative balances in the capital accounts have been eliminated; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The net losses of the Company from capital transactions shall be allocated in the following order of priority: (a) to the extent that the balance in the capital accounts of any Member(s) are in excess of their original contributions, to such Member(s) in proportion to the excess balances until all such excess balances have been reduced to zero; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The cash receipts of the Company shall be applied in the following order of priority: (a) to the payment of interest or amortization on any mortgages on the assets of the Company, amounts due on debts and liabilities of the Company other than those due to any Member(s), costs of the construction of the improvements to the assets of the Company and operating expenses of the Company; (b) to the payment of interest and establishment of cash reserves determined by the Member(s) to be necessary or appropriate, including without limitation, reserves for the operation of the Company’s business, construction, repairs, replacements, taxes and contingencies; and (d) to the repayment of any loans made to the Company by any Member(s). Thereafter, the cash receipts of the Company shall be distributed among the Member(s) as hereafter provided. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts of the Company, other than from capital transactions, shall be allocated among the Member(s) in proportion to the Members’ Percentage Interests. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts from capital transactions shall be allocated in the following order of priority: (a) to the Member(s) in proportion to their respective capital accounts until each Member(s) has received cash distributions equal to any positive balance in their capital account; then (b) to the Member(s) in proportion to the Members' Percentage Interests. It is the intention of the Member(s) that the allocations under this Agreement shall be deemed to have “substantial economic effect” within the meaning of Section 704 of the Internal Revenue Code and Treas. Reg. Section 1.704-1. Should the provisions of this Agreement be inconsistent with or in conflict with Section 704 of the Code or the Regulations thereunder, then Section 704 of the Code and the Regulations shall be deemed to override the contrary provisions thereof. If Section 704 of the Regulations at any time require that limited liability company operating agreements contain provisions which are not expressly set forth herein, such provisions shall be incorporated into this Agreement by reference and shall be deemed a part of this Agreement to the same extent as though they had been expressly set forth herein.

  • Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Purchasing Member has the meaning set forth in Section 9.2(c).

  • Continuing Member means a member of the Board of Directors of the Company who either (a) was a member of the Company's Board of Directors on the Effective Date and has been such continuously thereafter or (b) became a member of such Board of Directors after the Effective Date and whose election or nomination for election was approved by a vote of the majority of the Continuing Members then members of the Company's Board of Directors.

  • Voting Members has the meaning set forth in Section 4.07(b).

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Majority in Interest of the Members means Members whose Percentage Interests aggregate to greater than fifty percent of the Percentage Interests of all Members.

  • Trading Member means a Person who has been approved by Nadex to trade directly and not through a FCM Member on the Market, and does not include any FCM Member.

  • Participating member means an eligible employee who elects to participate in the defined contribution retirement plan established under this chapter.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Majority in Interest of the Partners on any date (a “vote date”) means one or more persons who are Partners (including the General Partner but excluding Nonvoting Special Partners) on the vote date and who, as of the last day of the most recent accounting period ending on or prior to the vote date (or as of such later date on or prior to the vote date selected by the General Partner as of which the Partners’ capital account balances can be determined), have aggregate capital account balances representing at least a majority in amount of the total capital account balances of all the persons who are Partners (including the General Partner but excluding Nonvoting Special Partners) on the vote date.

  • Presiding Member means the presiding member of a committee or the deputy presiding member, or a member of the committee when performing a function of the presiding member in accordance with the Act;

  • General Partner Loan shall have the meaning set forth in Section 4.3.B.

  • Disposing Member is defined in Section 4.1.

  • Redeeming Member has the meaning set forth in Section 11.01(a).

  • New Members As Defined By the Public Employees’ Pension Reform Act of 2013 (PEPRA)