Examples of Investing Member in a sentence
The release of the total Subscription Price from the Escrow Account shall not occur until after the Company accepts the Investor’s subscription and the Investor is admitted to the Company as an Investing Member.
The Investing Members agree that in no event will any portion of the Administrative Fee be used for legal fees incurred by an Investing Member for services performed by such Investing Member’s separate counsel.
By and through executing this Agreement, the Investing Members of the Company do hereby acknowledge and agree that neither the Company nor the Manager guarantee or warrant that a Investing Member will obtain permanent residence in the United States as a result of the Investing Member’s investment in the Company.
Neither the Company nor any Investing Member shall have any right in or to such other activities or to the income or proceeds derived therefrom.
If the Company makes a distribution to an Investing Member and determines that withholding is required, the Company shall have the right to withhold from the amount otherwise distributable to such Investing Member the amount required to be withheld and shall remit such amount to the Internal Revenue Service or the foreign, state or local tax authorities.
In the event that a Investing Member has not filed his or her I-526 Petition such that the delay may cause the Investing Member and/or the Company harm or other financial detriment (the “Delayed Investing Member”), the Manager reserves the right, but shall not be obligated, to replace such Delayed Investing Member with a replacement Investing Member for participation as member in the Company.
The Hospital agrees that the members of the Negotiating Committee shall suffer no loss of earnings for time spent during their regular scheduled working hours in attending negotiating meetings with the Hospital up to, and including, conciliation.
No Investing Member shall have the right to substitute an assignee as an Investing Member in its place without the written consent of the Manager, which consent may be withheld in the Manager’s sole discretion.
Upon the completion of the Offering and the admission of the prospective investors in the Units as Investing Members in accordance with this Agreement and the Subscription Agreement, Exhibit A attached hereto shall be revised to reflect each Investing Member’s initial Capital Contribution and initial Capital Account, the number of Units acquired by each Investing Member, and the Percentage Interest.
Such list shall be made available for the review of any Investing Member or its representative at any reasonable time upon adequate written notice.