Limited Member definition

Limited Member means a person designated as a limited member of a local plan under section 72 (1);

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Limited Member means a Member holding a Limited Membership;

Limited Member means a Spouse of a Teacher, Deferred Pensioner or Pensioner who has been designated as a Limited Member in accordance with subsection 17.4(2);

Examples of Limited Member in a sentence

• Any shares beneficially owned by such Vote Limited Member in excess of the Vote Limit shall not constitute Voting Shares for any purposes of this Agreement for so long as such shares are beneficially owned by such Vote Limited Member or any affiliate of such Vote Limited Member.

• Following a Transfer to a transferee who acquires a Membership Interest from a Class A Limited Member under this Agreement by means of a Transfer that is permitted under this Section 11, but who is not admitted as a Class A Limited Member, the transferor shall not cease to be a Class A Limited Member of the Company and shall continue to be a Class A Limited Member until such time as the transferee is admitted as a Class A Limited Member under this Agreement.

• If a Vote Limited Member submits an irrevocable request in writing to the Managing Member to limit its voting rights to 10% of the Voting Interests, such Vote Limited Member’s name, address and holdings may not be reported in the Company’s ongoing SEC filings, unless such person is otherwise deemed to be an Affiliate of the Company (for the avoidance of doubt, as defined in Rule 405 of the Securities Act).

• The Company shall cause the Paying Agent or the Administrative Agent, as applicable, to promptly thereafter distribute, from funds furnished by the Company, to each Class A Limited Member to such account or accounts as each Class A Limited Member shall have designated in writing to the Paying Agent or the Administrative Agent, as applicable, from time to time, the amount due to such Class A Limited Member pursuant to this Section 4.1(a).

• For purposes of this Section 13.5, the Class A Limited Member Preferred Return shall be determined as if each Liquidation Period Guaranteed Payment Date constituted a Class A Distribution Date.

More Definitions of Limited Member

Limited Member means a Member or other Person that has become a Limited Member pursuant to Section 13.4 hereof or a Person that acquires Units from a Limited Member; provided that a Member (that is not a Limited Member) that acquires Units from a Limited Member shall not be deemed to be a Limited Member hereunder but such Member shall, as to such Units, have the rights and obligations of the Limited Member that last held such Units.

Limited Member means any Person who is a Class A Limited Member or a Class B Limited Member.

Limited Member means a Spouse of a Member, Deferred Pensioner or Pensioner who elects to receive a Separate Pension in respect of their Proportionate Share of a Member’s, Deferred Pensioner’s or Pensioner’s pension benefits;

Limited Member has the meaning specified in Section 5.4.

Limited Member means a person who:

Limited Member means a person designated as a limited member of a pension plan;

Limited Member means an Eligible Employee who is in Service with an Employer but for whom no contributions are currently paid under Rule 11.1;