Initial Members definition

Initial Members means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Member” means any of the Initial Members.

Initial Members means those Persons listed on Schedule A hereto as Initial Members as of the date hereof.

Initial Members has the meaning set forth in the Preamble.

Examples of Initial Members in a sentence

• This Agreement shall become effective and be in full force and effect and a legal, valid and binding obligation of each of the Members on the date that the Board shall have received from two of the Initial Members an executed counterpart of this Agreement, together with a certified copy of a resolution of the governing body of each such Initial Member approving this Agreement and the execution and delivery hereof.

• By execution of this Agreement, and without prejudice to the right of the Members to remove the Manager as set forth in Article 5, the Initial Members and each Person hereafter admitted as a Member, other than Transferees, shall be deemed to have elected such Manager.

• This Agreement shall become effective and be in full force and effect and a legal, valid and binding agreement of each of the Members on the date that the Board shall have received from at least two of the Initial Members an executed counterpart of this Agreement, together with a certified copy of a resolution of the governing body of each such Initial Member approving this Agreement and the execution and delivery hereof.

• By execution of this Agreement, and without prejudice to the right of the Members to remove the Manager as set forth in this Article 5, the Initial Members and each Person hereafter admitted as a Member, other than Transferees, shall be deemed to have elected such Manager.

• The parties to this Agreement are the Initial Members and those additional Persons who are subsequently admitted as Members in accordance with the provisions of this Agreement.

More Definitions of Initial Members

Initial Members is defined in the preamble to this Agreement.

Initial Members. Has the meaning set forth in Section 5.2(a).

Initial Members means the Person or Persons identified in the Series Designation of any Series as the Initial Member[s] associated therewith.

Initial Members means the holders of the Pre-Initial Offering Interests (with respect to the Units received by them pursuant to Section 5.1) and the Underwriters upon the issuance by the Company of Units to the Underwriters as described in Section 5.2 in connection with the Initial Offering.

Initial Members means Pxxxxxxx, XX, Sxxxx Xxxx, Gxxxxx Xxxxxx, Rxxx Wooden, Jxxx Xxxxxxxx, Bxx Xxxxxx, Kxxx Xxxxxxx, Mxxx Xxxxxxxx, Bxxxx Xxxxx and Exxx Xxxxxx.

Initial Members means the Initial Signatories who become Members on the date on which the Authority is originally established pursuant to Section 2.05 herein.

Initial Members means the Members, as of the Effective Date.