Major Member definition

Major Member means any Member (together with its Affiliates) who owns, immediately after the consummation of the Company’s initial public offering, 5% or more of the outstanding shares of Class A Common Stock of PubCo (on a fully-diluted basis and assuming the conversion of all Units held by such Member into Class A Common Stock on a one-for-one basis).
Sample 1Sample 2Sample 3
Major Member means, as of any time of determination, any Member that holds five percent (5%) or more of the then total outstanding Units (excluding any Incentive Units) held by all Members.
Sample 1Sample 2
Major Member means (i) any Member holding Class A Units or (ii) any other Member holding a number of Units, in the aggregate with the Universal Percentages of such Member’s Affiliates, with a Universal Percentage greater than or equal to 2.0%.
Sample 1Sample 2

Examples of Major Member in a sentence

  • Superintendent Hay: He said there are 11 classrooms in the old MC Village and these classrooms were slated to be torn down after we built the new center.

  • The Emergence and Mobilising Structures of FUI Major Member MovementsThis chapter analyses the historical backgrounds and emergence of Islamic revivalist movements in post-Suharto Indonesia that constitute FUI member movements.

  • Because two of the Major Member Decisions listed in Section 9.13 provide unique rights concerning the Series A Preferred Unitholder, it is sensible that the first clause be interpreted to vest the Series A Preferred Unitholder with unique class voting rights, as Defendants argue.The surplusage canon compels the same conclusion.

  • Notice of any vote regarding these Major Member Decisions must be provided to the existing Members at least two weeks prior to the vote and no more than 30 days prior to the vote.

  • A Full Member/ Major Member shall be entitled to apply to the Board for his/its representation on the Board of Directors.

  • Plaintiffs claim that the Implus transaction was a Major Member Decision subject to Section 9.13 of the Operative LLC Agreement.

  • Major Member Decisions must be approved by: (a) the Series A Preferred Unitholder (Steelpoint); and (b) the majority of holders of the combined total of the Series B Preferred Units, the Series C Preferred Units, and the Voting Common Units.

  • Major Member States contributing to the INIS Database, sorted by number of records submitted, are: the United States of America, Germany, Japan, France, the Russian Federation, Bra- zil, the Republic of Korea, China, Poland, Ukraine, and India.

  • Under Plaintiffs’ interpretation of Section 9.13, the approval of a majority of each class of Unitholders, voting as separate classes, is required for all Major Member Decisions.36 But, again, the structure of the first clause of Section 9.13 singles out the Series A Preferred Unitholder, providing that “[t]he Company shall not, without the approval of the Series A Preferred Unitholder,” do certain things.

  • For the purpose of their motion to dismiss, Defendants do not dispute that the Implus transaction was a Major Member Decision subject to Section 9.13.28 Rather, they argue that Section 9.13 does not grant a separate class vote to the common unitholders on Major Member Decisions.


More Definitions of Major Member

Major Member means a Member owning 20% or more of the total Percentage Interest.
Sample 1
Major Member means any Member holding at least 10% of the outstanding Units (which Units must be vested in the case of Incentive Units).
Sample 1

Related to Major Member

  • Investor Member means a member that has made a contribution to a limited cooperative association and:

  • Junior Member means a registered Member of the Club who is younger than 18 years of age.

  • Investor Members mean those Persons who acquire Interests in the Initial Offering or Subsequent Offering and their successors and assigns admitted as Additional Economic Members.

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • of a Member means the salary corresponding in any given year to a full-time appointment at the member's rank and step, as set out for that year in Schedule A.

  • Founding Member means any individual who is either:

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Other Member means a Voting Member who is not an Eligible Account Holder or a Supplemental Eligible Account Holder.

  • Participating member means an eligible employee who elects to participate in the defined contribution retirement plan established under this chapter.

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • Active member means a member of the pension program or the individual account program

  • Panel Member ’ means a member of a panel;

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Team Member means an individual who is allowed to access the Cloud Service but is only granted membership in groups associated with “Team Member” permissions for the Cloud Service.2

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

  • Management Member means any Member that is an employee of the Company or any of its Subsidiaries.

  • Public member means an individual who is not, and never

  • Disposing Member is defined in Section 4.1.

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society