Member Action definition

Member Action means a copy of one or more resolutions, certified by the Secretary or an Assistant Secretary of the Guarantor to have been duly adopted by or consented to by such Guarantor’s member (or members (if at any time a Guarantor has more than a single member)) and to be in full force and effect on the date of such certification, delivered to the Trustee.
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Member Action means authorization by the Members owning more than fifty percent (50%) of the Company Interests.
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Member Action means authorization by more than fifty percent (50%) vote of the Capital Units of Members at that time.
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Examples of Member Action in a sentence

  • The Guarantee shall be executed on behalf of the Guarantor by any one of the Guarantor’s Chief Executive Officer, Chief Operating Officer, President, Chief Financial Officer, Chief Credit Officer, Chief Legal Officer, Managing Director, Chief Accounting Officer, any Vice President (whether or not designated by a number or numbers or word or words added before or after the title “Vice President”), Secretary or Controller or other person duly authorized by Member Action on behalf of the Guarantor.

  • Comply and cause compliance by each Borrower Subsidiary Party, and take all Relevant Member Action to cause compliance by each Subject Fund, in all material respects, with all Legal Requirements, including consumer protection Laws, except that, without limiting any requirements set forth in the Organizational Documents of any Subject Fund, the Borrower or a Funded Subsidiary may contest by appropriate proceedings conducted in good faith the validity or application of any such Legal Requirements.

  • The Board of Directors shall have the right, power and authority to authorize and take all actions which are permitted to be taken by it under applicable law, provided, that, any such action otherwise constituting a Required Member Action shall require Member approval as provided in Section 7.1 below.

  • Each Loan Party shall, or shall take Relevant Member Action to cause, all Revenues, income and other amounts paid, payable or distributable to any Managing Member or the Borrower, when actually paid, to be deposited in the sub-account of the Revenue Account (as defined in the CADA) that is related to such Managing Member.

  • Be sure to notify your employer to complete a Member Action Request Form (PERS-AESD-1) to report your employment to CalPERS.

  • The name of the Company is “STEEL DYNAMICS COLUMBUS, LLC.” The Company may do business under that name and under any other name or names upon which the Members, by Member Action, may determine.

  • In addition, Borrower and the Managing Members shall take all Relevant Member Action to cause each of the Subject Funds to maintain any insurance that such Subject Fund is required to maintain pursuant to the terms and conditions of the Project Documents.

  • The Guarantees shall be executed on behalf of each Guarantor by any one of such Guarantor’s Chief Executive Officer, Chief Operating Officer, President, Chief Financial Officer, Chief Credit Officer, Chief Legal Officer, Managing Director, Chief Accounting Officer, any Vice President (whether or not designated by a number or numbers or word or words added before or after the title “Vice President”), Secretary or Controller or other person duly authorized by Member Action on behalf of such Guarantor.

  • No Manager shall receive a regular salary or fees for services rendered in management or operation of the Company, business or property unless specifically approved by the Members, by Member Action, in a written agreement specifying the nature of the services to be provided and the compensation (including any fringe benefits) to be paid for such services.

  • Engage, or allow a Borrower Subsidiary Party to engage, or take any Relevant Member Action to allow a Subject Fund to engage, in any transactions with any of its Affiliates except in the ordinary course of business at prices and on terms and conditions not less favorable to such Person than could be obtained on arm’s-length basis from unrelated third parties.

Related to Member Action

  • resolution action means the decision to place an institution or entity referred to in point (b), (c) or (d) of Article 1(1) under resolution pursuant to Article 32 or 33, the application of a resolution tool, or the exercise of one or more resolution powers;

  • Action shall have the meaning ascribed to such term in Section 3.1(j).

  • Tax Action has the meaning set forth in Section 1.1 of the Declaration.

  • Bail-In Action means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

  • Tax Matter has the meaning set forth in Section 7.01.