Examples of Minimum Member in a sentence
Each Member is required to comply with any changes adopted in the Bank’s Capital Plan, including any adjustments made by the Board of Directors that may lead to an increase in a Member’s Minimum Member Stock Investment.
A request by a Member (whose Membership has not been terminated) to redeem Capital Stock shall automatically be cancelled if the Bank is prevented from redeeming the Member’s Capital Stock because such redemption would cause the Member to fail to meet its Minimum Member Stock Investment.
Excess Stock means that amount of Capital Stock held by a Member in excess of its Minimum Member Stock Investment as required by this Capital Plan.
Towards these objectives, this Capital Plan requires Members to make certain Minimum Member Stock Investments in the Bank.
The C.F.L. and the Member Clubs may implement a salary management system which may have a salary expenditure cap (“SEC”) for Player compensation; however, any salary expenditure cap shall not be less than the Minimum Member Club Players’ Salary per Member Club.
Each Member is required to maintain a Minimum Member Stock Investment, both as a condition to becoming and remaining a Member and as a condition to obtaining Loans, Commitments and Letters of Credit from the Bank, access to the Bank’s credit products through its Membership Asset Value, and to support Acquired Member Assets with the Bank.
The Bank shall provide at least fifteen (15) days’ Notice to Members prior to implementing any adjustment to the Member Loan Stock Purchase Percentage, Commitment Stock Purchase Percentage, Letter of Credit Stock Purchase Percentage, Membership Asset Value Percentage, or Acquired Member Asset Purchase Percentage if doing so affects the total Minimum Member Stock Investment of the Member.
Each Member is required to maintain a Minimum Member Stock Investment, both as a condition to becoming and remaining a Member and as a condition to obtaining Loans and Letters of Credit from the Bank, access to the Bank’s credit products through its Membership Asset Value, and to support Acquired Member Assets with the Bank.
The Bank shall provide at least fifteen (15) days Notice to Members prior to implementing any adjustment to the Member Loan Stock Purchase Percentage, Unused Borrowing Capacity Percentage, or Acquired Member Asset Purchase Percentage if doing so affects the total Minimum Member Stock Investment of the Member.
The Minimum Member Club Players’ Salary during each year shall be as follows: 2019 - $4,650,000.00 2020 - $4,700,000.00 2021 - $4,750,000.00 Each Member Club must pay to the Players no less than the Minimum Member Club Players’ Salary during each year.