Membership club definition

Membership club means an organization, whether incorporated or not, which is the owner, lessee, or occupant of a building or portion thereof used exclusively for club purposes at all times, which is operated solely for a recreational, fraternal, social, patriotic, political, benevolent, or athletic purpose, but not for pecuniary gain, and which only sells alcoholic beverages incidental to its operation. The affairs and management of the organization are conducted by a board of directors, executive committee, or similar body chosen by the members at an annual meeting. The organization has established bylaws and/or a constitution to govern its activities. The organization has been granted an exemption from the payment of federal income tax as a club under 26U.S.C. Section 501.
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Membership club means any membership-based club or program which has as a primary purpose the offering to members thereof products or services and/or discounts related to areas falling within the primary focus of the Applicable Membership Clubs; provided, however, the term "Membership Clubs" does not, and is not intended to, include Cendant and its Affiliates' businesses (as such businesses are presently conducted) that provide services to other businesses owned and operated by unaffiliated third parties that have membership club servicing needs.
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Membership club means a building, structure, lot or land area used as a private club or social organization not conducted for private profit or gain.
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Examples of Membership club in a sentence

  • Our Private Membership club is complimentary to all Family Offices globally, including UHNWI and sophisticated Investors.

  • Membership club card fee’s, such as Sam’s club cards, are allowed but should be justified by the agency or governing authority to show that the anticipated savings from using the card would exceed the cost of the card fee.

  • Applicants who, or organizations that, make financial or other commitments for a research effort in the absence of an actual legal obligation signed by the USAMRAA Contracting/Grants Officer do so at their own risk.

  • In addition, the Club shall be operated as a General Membership club per the Employees Club’s (E-Club’s) Operating Guidelines Document.

  • In an effort to create more opportunity for all Union Membership, club sponsors and stipend pay will be limited to a maximum of 2 stipends per staff member for Tiers A-D.

  • Level 2: Membership club with a benefit packageMembership programs are programs which offer a rich set of benefits to their members.

Related to Membership club

  • Membership Card means a card issued by the Club to indicate membership of a Membership Scheme.

  • Member Club means any past or present member club of the NFL or any past member club of the American Football League.

  • membership dues means the dues established pursuant to the constitution of the Alliance as the dues payable by its members as a consequence of their membership in the Alliance, and shall not include any initiation fee, insurance premium, or special levy;

  • Membership means the definition of that term under section 6 as in effect for the particular fiscal year for which a particular calculation is made.

  • Membership Agreement means these terms and conditions (as amended from time to time in accordance with clause 2.2 and any relevant laws or regulations) taken together with your Membership Form.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Home Club means the Club on whose ground any Match should be or should have been played and where ground sharing is in operation the Club whose name first appears on the relevant Match details issued by the Board and ‘Visiting Club’ means the other Club due to play in the relevant Match.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Private club means an organization, whether incorporated or not, which is the owner, lessee, or occupant of a building or portion thereof used exclusively for club purposes at all times, which is operated solely for a recreational, fraternal, social, patriotic, political, benevolent, or athletic purpose, but not for pecuniary gain, and which only sells alcoholic beverages incidental to its operation. The affairs and management of the organization are conducted by a board of directors, executive committee, or similar body chosen by the members at an annual meeting. The organization has established bylaws and/or a constitution to govern its activities. The organization has been granted an exemption from the payment of federal income tax as a club under 26 U.S.C. Section 501.

  • The Club means the above-named club;

  • apartment unit means any residential dwelling unit within a building containing three or more dwelling units where access to each residential unit is obtained through a common entrance or entrances from the street level and the residential units are connected by an interior corridor;

  • GP means Gottbetter & Partners, LLP.

  • Membership Interests has the meaning set forth in the recitals.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • General partnership means an organization formed by two or more persons under chapters 45-13 through 45-21.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • New Members As Defined By the Public Employees’ Pension Reform Act of 2013 (PEPRA)

  • Operating Partnership Agreement means the Amended and Restated Partnership Agreement of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Membership service means service as an employee rendered while a contributing member of the

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.