Limited Membership definition

Limited Membership means a Membership which is redeemed and extinguished on the Limited Membership Expiry Date;
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Limited Membership means terms which are applicable to a part-time member who being a fully insured member of Part 2 prior to 21 May 2008, does not exercise an option to have or is not eligible to have pro-rata terms applied to him or her under the terms of Department of Education and Science Circular Letter 25/08 and such a person shall be known as a limited scheme member;
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Limited Membership means any company or organization that is a non-purchasing participant or that has issued a Request-for-Proposal to purchase a JungleMUX SONET Multiplexer system may apply to the Executive Board for membership as a Limited Member. At least three Executive Board members, one of whom must be the GE Lentronics representative, must approve an application for Limited membership. Limited Members are not entitled to voting privileges and are bound by the terms of non-disclosure.
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Examples of Limited Membership in a sentence

  • In the event the Company and all of such holders of Class A Limited Membership Interests reach agreement at least forty-five (45) days before such Class A Reset Date, the Class A Preferred Return Rate will be reset on the Class A Reset Date to the amount so agreed and will remain in effect until the next Class A Reset Date.

  • A “Limited Member” has the right to request specific information about Plan benefits, receive annual information and receive retirement benefits directly from the Plan.Applications and forms required under the Family Law Act to apply for Limited Membership are available at the Administration Office.

  • The Class A Limited Members agree to treat the Transfer of the Class A Limited Membership Interests to the Company pursuant to Section 15.1 as a purchase and sale under Code Section 741 and not as a retirement under Code Section 736.

  • Upon consummation of the Class A Purchase Option, the Managing Member shall be admitted as a Class A Limited Member with respect to the Class A Limited Membership Interests purchased pursuant to the Class A Purchase Option, and the Class A Limited Members from whom such Class A Limited Membership Interests were purchased shall be deemed withdrawn with respect to such Class A Limited Membership Interests.

  • Class B Preferred Distributions with respect to the applicable Series of Class B Limited Membership Interests will be made quarterly in arrears determined based on the Class B Remarketing Date.

  • Provided that, if the Managing Member elects to purchase all (but not less than all) of the Series B-1 Limited Membership Interests on the first Scheduled Reset Date, then the Class B Purchase Price shall be paid in immediately available funds on such Scheduled Reset Date.

  • Neither the Class B Remarketing Agent nor its Designee will be obligated in any case to provide funds to make payment upon tender of Class B Limited Membership Interests for a Class B Remarketing.

  • A Senior Limited Membership is defined as a member who has 25 years of continuous membership and is age 65 years or more.

  • The Company, any holder of Class A Limited Membership Interests, the Class A Remarketing Agent, or an Affiliate of any such Person may, at its option, enter a Bid but shall have no obligation to do so.

  • Upon consummation of the Class B Purchase Option, the Managing Member shall be admitted as a Class B Limited Member with respect to the Class B Limited Membership Interests purchased pursuant to the Class B Purchase Option, and the Class B Limited Members from whom such Class B Limited Membership Interests were purchased shall be deemed withdrawn with respect to such Class B Limited Membership Interests.


More Definitions of Limited Membership

Limited Membership means a membership status conferred on a property ownership for property, which is subject to the Water Augmentation Decree. This membership receives defined benefits and privileges from the Association, which may be restricted relative to Association members, for the payment of defined dues, fees and assessments.
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Limited Membership means a membership status conferred on a property owner for property which is adjacent to the Glacier View Meadows subdivision. This membership receives defined benefits and privileges from the Association, which may be restricted relative to Association members, for the payment of defined dues, fees and assessments.
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Related to Limited Membership

  • Vote Limited Member means any Member who beneficially owns 5% or more of the outstanding Class A shares (excluding Masterworks Shares) submits a Vote Limit Certificate to the Board which designates such Member as a Vote Limited Member, either separately or jointly with one or more other Members.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Limited Partners means all such Persons.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Panel Member ’ means a member of a panel;

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Single member limited liability company means a limited liability company that has one direct member.

  • Membership means the definition of that term under section 6 as in effect for the particular fiscal year for which a particular calculation is made.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Preferred Member means a Member holding Preferred Units.

  • Council Member means a member of the Council;

  • Teaching staff member means an employee who holds a position for which a certificate issued by the New Jersey State Board of Examiners is required.

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Tribal Member means an enrolled member of the Tribe.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it pursuant to Section 5.2), the General Partner (with respect to the Incentive Distribution Rights) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3.