Initial Member definition

Initial Member has the meaning set forth in the introductory paragraph.

Initial Member has the meaning assigned in the preamble.

Initial Member means the Person identified in the Series Designation of such Series as the Initial Member associated therewith.

Examples of Initial Member in a sentence

• This Agreement constitutes the entire agreement of the Company, the Initial Member and any Person who becomes a Member hereafter with respect to the matters described herein and supersedes any prior agreement or understanding among them with respect to such subject matter.

• The Administrator may withdraw for any reason upon notice to the Initial Member, provided that such withdrawal shall be effective only following a Sale of the Painting and distribution of the proceeds.

• The Administrator may withdraw for any reason upon notice to the Initial Member, provided that such withdrawal shall be effective only following a Sale of the Artwork and distribution of the proceeds.

• For the avoidance of doubt, in the event that all of the Class A Ordinary Shares are not sold pursuant to the Offering, the Board shall, upon the final closing of the Offering, issue a number of Class A Ordinary Shares to the Initial Member equal to the aggregate number of Class A Ordinary Shares that remain unsold in the Offering, as repayment in full of any and all obligations owing to the Initial Member in respect of advances made to acquire the Artwork and true-up fees payable to the Initial Member.

• For the avoidance of doubt, in the event that all of the Class A Ordinary Shares are not sold pursuant to the Offering, the Board shall, upon the final closing of the Offering, issue a number of Class A Ordinary Shares to the Initial Member equal to the aggregate number of Class A Ordinary Shares that remain unsold in the Offering, as repayment in full of any and all obligations owing to the Initial Member in respect of advances made to acquire the Painting and true-up fees payable to the Initial Member.

More Definitions of Initial Member

Initial Member means Rise Companies Corp., a Delaware corporation.

Initial Member shall have the meaning given in the preamble.

Initial Member has the meaning set forth in the recitals.

Initial Member has the meaning set forth in the preamble to this Agreement.

Initial Member has the meaning set forth in the introductory paragraph, and includes any successor of the Initial Member.

Initial Member means KKR Group Assets Holdings III L.P.

Initial Member has the meaning set forth for such term in the introductory paragraph of this Agreement.