Maryland Act definition

Maryland Act shall have the meaning given to such term in the Recitals.
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Maryland Act means the Maryland General Corporations Law.
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Maryland Act means the Maryland Limited Liability Company Act, as amended from time to time.
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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.

  • The Members execute this Agreement for the purpose of establishing the affairs of the Company and the conduct of its business in accordance with the provisions of the Maryland Act.

  • During the term of the Company set forth in Section 2.6, the rights and obligations of the Members with respect to the Company will be determined in accordance with the terms and conditions of this Agreement and, except where the Maryland Act stipulates that such rights and obligations specified in the Maryland Act apply “unless otherwise provided in an Operating Agreement” (or words of similar effect) and such rights and obligations are not addressed in this Agreement, the Maryland Act.

  • Any contrary provision in this Agreement notwithstanding, the Company’s failure to observe any formalities or requirements relating to the exercise of its powers or management of its business and affairs under this Agreement or the Maryland Act will not be grounds for imposing on the Members personal liability for liabilities of the Company.

  • After the distribution of Company assets as provided herein, the Company will be terminated and the Board (or such other Person as the Maryland Act may require or permit) will file a certificate of cancellation with the Maryland Secretary of State, cancel any other filings made pursuant to this Agreement that are or should be canceled, and take such other actions as may be necessary or advisable to terminate the Company.

  • The Company’s liquidators will proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Maryland Act.


More Definitions of Maryland Act

Maryland Act means the Maryland General Corporation Law, as amended from time to time.
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Maryland Act means Title 12 of the Corporations and Associations Article of the Annotated Code of Maryland, as amended from time to time.
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Maryland Act means the Maryland Limited Liability Company Act, Md. Code Xxx., Corps & Assoc. Article, Title 4A.
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Maryland Act means the Maryland Statutory Trust Act, as amended from time to time;
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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.
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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 ...
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Related to Maryland Act

  • Land Act means the Land Xxx 0000;

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • Liquor Act means the Liquor Act 2007 and any regulation made under the Liquor Act 2007. Any reference to a provision of the Liquor Act includes a reference to the same or similar provision in any legislation replacing, amending or modifying the Liquor Act however that provision may be amended in that legislation.

  • Family Law Act means the Family Law Act, R.S.O. 1990, c. F.3, as am. S.O. 2006, c. 1, s.5; 2006, c. 19, Sched. B, s. 9, Sched. C, s. 1(1), (2), (4);

  • FOI Act means the Freedom of Information Xxx 0000 and any subordinate legislation made under this Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner in relation to such legislation;

  • Bond Act means the California Water Resources Development Bond Act, comprising Chapter 8 (commencing at Section 12930) of Part 6 of Division 6 of the Water Code.

  • 2012 Act means the Health and Social Care Act 2012;

  • Flood Insurance Laws means, collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto and (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto.

  • Professional limited liability company means a limited

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • 1990 Act means the Companies Act 1990.

  • Health care organization ’ means any person or en-

  • 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.

  • State sponsor of terrorism means a country determined by the Secretary of State, under section 6(j)(1)(A) of the Export Administration Act of 1979 (50 U.S.C. App. 2405(j)(1)(A)), to be a country the government of which has repeatedly provided support for acts of international terrorism. As of the date of this provision, state sponsors of terrorism include: Iran, Sudan, and Syria.

  • Delaware LLC Act means the Delaware Limited Liability Company Act, as amended from time to time.

  • LLC Act means the Delaware Limited Liability Company Act, 6 Del.C. § 18-101, et seq., as it may be amended from time to time, and any successor to such Act.

  • Foreign organization means an organization created under laws other than the laws of this state for a purpose for which an organization may be created under the laws of this state.

  • Foreign limited liability company means an unincorporated entity formed under the law of a jurisdiction other than this state and denominated by that law as a limited liability company.

  • Indian organization means the governing body of any Indian tribe or entity established or recognized by the governing body of an Indian tribe for the purposes of 25 U.S.C., chapter 17.

  • Organizational Limited Partner means Xxxxx X. Xxxxxxx.

  • TIF Act means the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865, inclusive, of the Revised Statutes of Missouri, as amended.

  • Religious organization means a church, ecclesiastical corporation, or group, not organized for pecuniary profit, that gathers for mutual support and edification in piety or worship of a supreme deity.

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • 2000 Act means the Regulation of Investigatory Powers Act 2000;

  • EP Act means the Environmental Protection Xxx 0000;