Examples of Member Designee in a sentence
All subscribers who have been accepted by the Member Designee shall be deemed admitted as Members at the time they are reflected as such in the books and records of the Company.
The Board Member Designee must have relevant industry or academic experience and satisfy the independence requirements of the NASDAQ Global Market or any then applicable exchange on which the Company’s Common Stock is listed or quoted.
The Member Designee may take such actions as may be necessary or appropriate at any time to offer new Units in the Company and to admit new or substituted Members to the Company.
The written notice required by this paragraph shall specify the name and residence address of the assignee and the date of the assignment, shall include a statement by the assignee that he agrees to give the above-described written notice to the Member Designee upon any subsequent assignment, and shall be signed by the assignor and assignee.
No act of the Company, the Member Designee or any other person that results in a Member being furnished any such information shall confer on such Member or any other Member the right in the future to receive such or similar information or constitute a waiver of, or limitation on, the Company’s ability to enforce the limitations set forth in the first sentence of this paragraph.
The Member Designee may, however, change the trading policies in Paragraph 3 of this Agreement without the approval of the Members when such change is not deemed to be material and to be in the best interests of the Company.
A Member may not make a partial redemption of his, her or its Units if thereafter the Capital Account of such Member would be less than $25,000 (or $10,000 in the case of ERISA Plans, as defined in the Memorandum) or such lesser amount as the Member Designee in its sole discretion may determine.
It is hereby acknowledged and agreed that the Member Designee, without the approval of any Member may enter into other agreements with Members, executed contemporaneously with the admission of such Members to the Company or otherwise, effecting the terms hereof or of any application in order to meet certain requirements of such Members.
The Member Designee may eliminate or modify any restrictions on substitutions or assignment.
Each Member agrees that with the consent of the Member Designee any assignee may become a substituted Member without the further act or approval of any Member.