Examples of Members in a sentence
If there are inconsistencies between this Agreement and the Act, this Agreement will control, except to the extent that the inconsistencies relate to provisions of the Act that the Members cannot alter by agreement.
A Member may act at a meeting of Members through a Person authorized by signed proxy.
After giving effect to special allocations, if any, the Company’s Profit or Loss for a Taxable Year, including the Taxable Year in which the Company is dissolved, will be allocated among the Members in proportion to their Membership Interests (as a percentage of all outstanding Membership Interests) during the applicable tax reporting period.
The liquidator will distribute any assets distributable in kind to the Members in undivided interests as tenants in common.
All funds received by the Company shall be applied to satisfy or provide for Company debts and liabilities and the balance, if any, shall be distributed to Members on a pro-rata basis as is consistent with the provisions of this Agreement.