Maryland Act definition

Maryland Act shall have the meaning given to such term in the Recitals.

Maryland Act means the Maryland General Corporations Law.

Maryland Act means the Maryland Statutory Trust Act, as amended from time to time.

Examples of Maryland Act in a sentence

• Except as otherwise required by the Maryland Act or this Agreement and subject to the matters reserved to approval by the Members by the Act or Article 6 of this Agreement, each Member Manager will be entitled to vote upon all matters submitted to the Board to which he or she is entitled to vote.

• The Company was formed on December 7, 2015 pursuant to the provisions of the Maryland Act.

• Except as otherwise required by the Maryland Act, the Company’s debts, obligations and liabilities (whether arising in contract, tort or otherwise) are solely debts, obligations and liabilities of the Company, and no Member is personally obligated for any such debt, obligation or liability solely because such Member is a Member or acting as a Member.

• The immediately preceding sentence constitutes a compromise to which all Members have consented within the meaning of the Maryland Act.

• The Company will dissolve and its affairs will be wound up after the earlier of (a) the Board’s determination to dissolve the Company; (b) the approval of the Members, and (c) the entry of a decree of dissolution of the Company under Section 4A- 903 of the Maryland Act.

More Definitions of Maryland Act

Maryland Act means Title 12 of the Corporations and Associations Article of the Annotated Code of Maryland, as amended from time to time.

Maryland Act means the Maryland General Corporation Law, as amended from time to time.

Maryland Act means the Maryland Limited Liability Company Act, as amended from time to time.

Maryland Act means the Maryland Limited Liability Company Act, Md. Code Xxx., Corps & Assoc. Article, Title 4A.

Maryland Act refers to the Maryland Statutory Trust Act, as amended from time to time.

Maryland Act means the Maryland Limited Liability Company Act, Section 4A-101 et. seq., as amended and as may be further amended, and any successor to such statute.

Maryland Act means the Maryland Limited Liability Company Act, as amended from time to time. “Member” means, as of any date of determination, (a) each of the members named on the Schedule of Members and (b) any Person admitted to the Company as a Substituted Member or Additional Member in accordance with Article XII, but in each case only so long as the Person is shown on the Company’s books and records as the owner of one or more Units. “New Securities” means (a) excluding any Shares or any grant under an Equity Plan, any rights, options, warrants or convertible or exchangeable securities that entitle the holder thereof to subscribe for or purchase, convert the securities into or exchange the securities for, Shares or (b) any Debt issued by INC that provides any of the rights described in clause (a). “Net Loss” means, with respect to a Taxable Year (or Fiscal Period), the excess if any, of Losses for that Taxable Year (or Fiscal Period) over Profits for that Taxable Year (or Fiscal Period), excluding Profits and Losses specially allocated pursuant to Section 5.03 and Section 5.04. “Net Profit” means, with respect to a Taxable Year (or Fiscal Period), the excess if any, of Profits for that Taxable Year (or Fiscal Period) over Losses for that Taxable Year (or Fiscal Period), excluding Profits and Losses specially allocated pursuant to Section 5.03 and Section 5.04. “Non-Managing Member” means a Member other than the Managing Member. “Notice of Redemption” means the Notice of Redemption substantially in the form of Exhibit A. “Officer” has the meaning set forth in Section 6.01(b). “Optionee” means a Person to whom a stock option is granted under any Equity Plan. “Original Agreement” has the meaning set forth in the recitals to this Agreement. “Original Interests” has the meaning set forth in the recitals to this Agreement. 7 “Original Member” has the meaning set forth in the recitals to this Agreement. “Paired Interest” means one Class A Unit together with one Class B-2 Common Share. The reference to Class A Units in this definition shall be deemed to include any security, securities or other property of the Company which may be issued in respect of, in exchange for or in substitution of Class A Units by reason of stock or unit split, reverse stock or unit split, stock or unit dividend or distribution, combination, reclassification, reorganization, recapitalization, merger, exchange (other than a Redemption) or other transaction. The reference to Class B-2 Common Shares ...