Group B Members definition
Examples of Group B Members in a sentence
Thereafter, any Disposition will again be subject to the rights of the Group B Members under the provisions of this Section 3.9(a).
One or more of the Group B Members (the "PURCHASING GROUP B MEMBERS") shall have the option, exercisable by a Notice to the Company delivered within thirty (30) days after the date of the Disposition Notice and signed by a Majority in Interest of the Group B Members (the "NOTICE OF ACCEPTANCE"), to elect to acquire the Business on the price, terms and conditions set forth in the Disposition Notice.
Each person who is a Group B Member and who wishes to avail themselves of the Discount for Group B Members for an Eligible Trip for Group B Members must, in the year following the putting into service by VIA of the Renovated Sleeper Car, contact VIA’s customer service department by telephone, by dialing toll free ▇-▇▇▇-▇▇▇-▇▇▇▇ (1-888-842-7245) or TTY ▇-▇▇▇-▇▇▇-▇▇▇▇, in order to purchase a train ticket for an Eligible Trip for Group B Members.
After giving effect to the special allocations set forth in Sections 5.3 and 5.4, subject to the limitation in Section 5.5 hereof and subject to Section 5.7 hereof, Losses for any Taxable Year shall be allocated to the Group A Members and Group B Members in proportion to their Percentage Interests.
It is agreed that Group A Members cannot avail themselves of the terms of the Settlement applicable to Group B Members and that Group B Members cannot avail themselves of the terms of the Settlement applicable to Group A Members.
At the closing, the Purchasing Group B Members shall deliver the consideration payable pursuant to the Disposition Notice in the form and amount specified therein against the simultaneous delivery of instruments of assignment in form and substance reasonably satisfactory to the Purchasing Group B Members, evidencing the sale of the Business contemplated by the Disposition Notice.
The Group A Members shall have the right to remove or replace (following death or resignation) any or all of the Managers designated by the Group A Members and designate their successors, and the Group B Members shall have the right to remove or replace (following death or resignation) any or all of the Managers designated by the Group B Members and designate their successors.
Following such construction and delivery, all Group B Members shall also have the right to Transfer their Membership Interests pursuant to Section 9.8.
After giving effect to the special allocations set forth in Sections 5.3 and 5.4 hereof and subject to Section 5.7 hereof, Profits for any Taxable Year shall be allocated to the Group A Members and Group B Members in proportion to their Percentage Interests.
Group B Members shall be entitled to a 50% discount on the lowest purchase price posted by VIA (the “Discount for Group B Members”) when purchasing a VIA train ticket for a trip taken personally by the Group B Members between Toronto and Vancouver, with at least one night onboard in a Renovated Sleeper Car within the year that follows the putting into service by VIA of said Renovated Sleeper Cars.