Examples of Nonvoting member in a sentence

No Nonvoting Member shall, without the prior written consent of all of the Voting Members, take any action on behalf of, or in the name of, the Company, or enter into any contract, agreement, commitment or obligation binding upon the Company, or perform any act in any way relating to the Company or the Company's assets.
Notwithstanding, to the extent otherwise permitted by this agreement, a Nonvoting Member shall have the right to file or participate in a mediation or an arbitration action, and shall be bound by an amendment to this agreement only if he signs such amendment.
The Consortium will invoice each Nonvoting Member, if required, sixty (60) days prior to its Renewal Term.
In the event that a vote of the Nonvoting Members is required, each Nonvoting Member will receive electronic notice of the action requiring such a vote and the position of the Voting Members in regards to the action submitted to the Nonvoting Members.
Company agrees that it will be a Nonvoting Member of the Consortium (as defined in the Bylaws) during the Membership Term (as defined below), and to abide by all Governance Documents that are or become effective during the Membership Term.

More Definitions of Nonvoting member

Nonvoting member means a person authorized or appointed by the Steering Committee to serve as a Member on the Steering Committee, but without the right to vote. Lower case “nonvoting member” means a person authorized or appointed to serve as a member of an Issue Team, Subcommittee, or Work Group, but without the right to vote.

Nonvoting member means any one of them.

Nonvoting member denotes any Person listed as a Nonvoting Member in Exhibit “A” of the Operating Agreement, who holds a certain percentage of economic interest in Company, but does not have any fiduciary, voting or operating rights, nor legal, financial & fiscal responsibilities towards or from Company.

Nonvoting member has the meaning set forth in Section 8.2.

Nonvoting member means Company and its Affiliates where “Affiliates” means any entity that is controlled by, under common control with, or that controls the subject party. For purposes of this Agreement, “control” means direct or indirect control of more than fifty percent (50%) of the voting power to elect directors of a corporation or, for any other entity, the power to direct management of such entity. Membership Term

Nonvoting member means a Member of the Company who does not own any Voting Units as set forth on Exhibit A attached hereto.

Nonvoting member means a Member whose voting rights have been temporarily suspended by the Board and is pending a review of their membership as set out in this by-law.