Member Transaction definition

Member Transaction has the meaning set forth in Section 11.5.
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Member Transaction shall be as defined in Section 8.2.
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Member Transaction has the meaning specified in Section 5.14 of the Operating Agreement.
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Examples of Member Transaction in a sentence

  • The Operating Member will use its commercially reasonable efforts to provide the Minority Member, as promptly as practicable, with such information concerning the applicable mineral property as the Minority Member may reasonably request for the purposes of determining whether to make a Member Transaction Offer.

  • Payment of such accounting and bookkeeping fees shall be deemed operating expenses of the Company and shall not be subject to treatment as a Member Transaction under the provisions of Section 5.2 (b) or (c).

  • A Member Transaction Offer must be irrevocable for at least five Business Days and shall set forth all of the material terms and conditions of the Disposition Transaction that are proposed by the Minority Member (which may be the same as, or more or less favourable than, the terms and conditions set forth in the Disposition Notice).

  • A Member Transaction Offer shall set forth all of the material terms and conditions of the Disposition Transaction that are proposed by the Minority Member (which may be the same as, or more or less favourable than, the terms and conditions set forth in the Disposition Notice).

  • The lease of the Transloading Facility and the Equipment by the Company from DPT shall constitute a Member Transaction with respect to DPT.

  • The sublease by the Company of rail cars from PTS, or the provision of rail cars to the Company by PTS without formal sublease arrangement, shall each constitute a Member Transaction as to PTS.

  • The Company shall pay all expenses directly related to the operation of the Transloading Facility including but not limited to utilities, real estate taxes, sales taxes, maintenance, insurance, labor costs and Member Transaction costs.

  • Whether or not the Transactions are consummated, all third party expenses shall be the obligation of the respective party incurring such fees and expenses, including that all Member Transaction Expenses shall be the obligation of the Members, subject to Section 1.5(b)(iv).

  • Any Member Transaction Payment remaining unsatisfied after payments described in this Subsection 3.4.2 B) shall become Suspended Member Transaction Payments payable only as described in Section 3.4.2 C) below.

  • In the event the Member seeks the Seller's approval of a Member Transaction, the Seller may withhold such approval only upon a determination by the Board of Directors of the Seller that the Member Transaction could reasonably be expected to have a material adverse effect on the Member's ability to perform its obligations under this Agreement.