Membership Shares definition

Membership Shares means the interests in the Company held by the Members, expressed as a number of shares 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.

Membership Shares means the voting equity shares issued by Co-op to the members of Co- op.

Membership Shares means Class "A" shares in the Credit Union;

Examples of Membership Shares in a sentence

• Any attempted assignment in contravention of this Section 18(b) shall entitle the assignee to receive such distributions, to share in such profits and to receive such allocations of income, gain, loss, deduction, credit, tax preference and similar items to which the assignor was entitled to the extent assigned, but shall not entitle the assignee to become a Member or to exercise any rights or powers of a Member with respect to such Membership Shares.

• In the case of a transfer of less than all of the Membership Shares represented by a certificate, the Company shall issue to the transferring Member a new certificate for the balance of the Membership Shares retained by the transferring Member.

• For purposes of maintaining the books of the Company, all items of income, gain, loss and deduction of the Company shall be allocated to the Members in accordance with their respective Membership Shares.

• Upon any additional Capital Contribution made by any Member, the number of Membership Shares held by such Member shall be adjusted in the manner determined by the Board of Managers and the Majority Interest and shall be set forth on an amendment to Schedule I attached hereto.

• When a quorum is present or represented at any meeting, the vote of the holders of a majority of the Membership Shares present in person or represented by proxy shall decide any question brought before such meeting, unless the question is one upon which, by express provision of law or this Agreement, a different vote is required, in which case such express provision shall govern and control the decision of such question.

More Definitions of Membership Shares

Membership Shares means the Membership Shares of the Co-operative;

Membership Shares. For purposes of this Agreement, a Member's aggregate "Membership Shares" shall include the entire ownership interest of a Member in the Company at any time, including (a) the rights of such Member to any and all benefits to which a Member may be entitled as provided in this Agreement, together with the obligations of such Member to comply with all the terms and provisions of this Agreement, (b) all income, profits, Available Net Cash, fees or payments of whatever nature and all distributions to which any Member would be entitled, now or at any time hereafter, of whatsoever description or character; and (c) all of any Member's present and future rights to and in its Capital Account, whether by way of liquidating distributions or otherwise, and all of such Member's right to receive or share in any surplus of the Company in the event of the dissolution of the Company.

Membership Shares shall include the entire ownership interest of a Member in the Company at any time, including (a) the rights of such Member to any and all benefits to which a Member may be entitled as provided in this Agreement, together with the obligations of such Member to comply with all the terms and provisions of this Agreement, (b) all income, profits, Available Net Cash, fees or payments of whatever nature and all distributions to which any Member would be entitled, now or at any time hereafter, of whatsoever description or character; and (c) all of any Member's present and future rights to and in its Capital Account, whether by way of liquidating distributions or otherwise, and all of such Member's right to receive or share in any surplus of the Company in the event of the dissolution of the Company.

Membership Shares means the Membership Shares referred to in clause 2.4 (a); ‘Nominations Committee’ means the committee referred to in clause 63A. 'Office' means the Company's registered office;

Membership Shares means the shares of a distinct class of equity shares that, under section 44 (2) or (3), are the membership shares in a credit union;

Membership Shares means a fee paid to the credit union to be a member. The fee is held by the credit union and may be invested by the credit union. The fee must be set in the bylaws of the credit union.

Membership Shares mean shares representing the interest of a Member in the Company. “MM Affiliate” means Xxxxxx XxXxxxxx, Xxxxx Xxxxxx, Xxxx Xxxxxx, Xxxxxxx Xxxxxx, M.D., Xxxxxxx X. Xxxxxxx, M.D., in each case while such individual is a member of the Managing Member, and any other Person who may hereafter become a member of the Managing Member.