Notified Member definition

Notified Member means a member who has been sent a Divestment Notice.
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Notified Member is defined in Section 11.7.
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Notified Member means, as the case may be, a Recipient Member in accordance with Section 14.3(a), a Non-Target Member in accordance with Section 14.4(a) or a Non-Defaulting Member in accordance with Section 15.3(d).
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Examples of Notified Member in a sentence

  • In addition, in the event the Notifying Member fails to deliver the transfer documents and assignments reasonably requested by any Notified Member to effect the purchase pursuant to this Section 9.5(b), such Notified Member may deliver the consideration to be paid to the Notifying Member pursuant to this Section 9.5(b) to the Notifying Member and upon such delivery, execute and deliver, as the attorney in fact for the Notifying Member, such required assignments.

  • Each Notified Member shall exercise such right by delivering written notice of acceptance to the Notifying Member within such 30-day period.

  • If any Notified Member does not deliver an acceptance notice within such 30-day period, the right of such Notified Member to purchase such Units pursuant to the Termination Notice shall terminate and the Notifying Member shall have the right to cause such dissolution of the Company to take place in accordance with the provisions of Article VIII hereof or to submit a Sale Proposal to the Executive Committee.

  • If the Selling Member does not complete a Transfer of the Offered Interest in accordance with the terms described above within the foregoing ninety (90) day period, the right of the Selling Member to Transfer to a third-party purchaser shall terminate and the Selling Member shall again afford the Notified Member the purchase rights in this Section 8.7 with respect to any offer to Transfer or otherwise dispose of all or any portion of the Offered Interest or any other Interest held by the Selling Member.

  • In the event both the Consenting Member and the NonConsenting Member attempt to exercise their buy/sell rights under this Section 8.8, the operative Buy/Sell Notice shall be the first notice received by a Notified Member.

  • If the Notified Member timely elects to purchase the Offered Interest, the parties will close the sale of the Offered Interest for the Offered Price and on the Offered Terms on the later of (i) 30 Business Days after the Selling Member receives Acceptance Notice, or (ii) 10 Business Days after the receipt of all required consents and approvals, if any, with respect to such Transfer from all Governmental Authorities.

  • The Notified Member shall have an option, continuing for a period of ninety (90) days beginning with the day following receipt of the Buy/Sell Notice to elect: (i) to acquire all, but not less than all, of the Specified Shares at the Selling Price and on the terms set forth in the Buy/Sell Notice, or (ii) to sell all, but not less than all, of the Shares then held by such Notified Member to the Notifying Member at the Selling Price and on the terms set forth in the Buy/Sell Notice.

  • The Notified Member must select one of the two foregoing options within such ninety day period and shall notify the Notifying Member of the option it has selected prior to the expiration of such ninety day period.

  • Within two business days after entering into a binding agreement to sell all or any part of its interest in the Company (other than sales or other dispositions to Affiliates of such Member), the Soliciting Member shall deliver a copy of such binding agreement to the Notified Member and if MCNIC is the Soliciting Member, such binding agreement shall indicate whether the purchaser intends to retain Crown as the Operator.

  • If the payment for the Soliciting Member's interest includes consideration other than cash, the Soliciting Member, the Notified Member and the purchaser shall agree upon the cash value of the sale and all consideration paid from the purchaser to the Notified Member for the Notified Member's interest shall be in cash.


More Definitions of Notified Member

Notified Member shall have the meaning set forth in Section 2.3 hereof.
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Notified Member has the meaning set forth in SECTION 11.2(A).
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Notified Member shall have the meaning set forth in Section 8.4(a).
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Notified Member has the meaning set forth in Section 11.4(a). --------------- ---------------
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Related to Notified Member

  • Qualified Member means a member of the Committee who is a “Non-Employee Director” within the meaning of Rule 16b-3(b)(3) and an “outside director” within the meaning of Regulation 1.162-27 under Code Section 162(m).

  • Interested Member means any person (other than the Company and any direct or indirect majority-owned subsidiary of the Company) that:

  • Insured Member means a member insured under this subdivision.

  • Co-opted Member means a person who is not a member of the authority but who-

  • elected member means a member of the authority board who:

  • appointed member means a member referred to in section 5(1)(a) or (b);

  • Respondent Party has the meaning set forth in Section 7.6(b).

  • Indemnified Matter has the meaning specified in Section 11.4 (Indemnities).

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

  • of a Member means the salary corresponding in any given year to a full-time appointment at the member's rank and step, as set out for that year in Schedule A.

  • Enlisted member means a person in an enlisted grade.

  • Retired member means any former member receiving a retirement allowance or any former member who has filed the necessary documents for retirement benefits and is no longer contributing to the retirement system;

  • Independent Member of the board means a member of the board who has no business, family or other relationship that raises a conflict of interests regarding the CCP concerned or its controlling shareholders, its management or its clearing members, and who has had no such relationship during the five years preceding his membership of the board;

  • Participating member means a member who is required to make mandatory contributions by the applicable retirement act to his or her health reimbursement account.

  • Adverse decision means any decision by a review agent not to certify an admission,

  • Step-In Notice has the meaning set out in Section 3.1;

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Independent Board Member means a trustee of the Fund who is neither an “interested person” of the Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended, nor a party to the Proceeding with respect to which indemnification or advances are sought.

  • Notifying Party As defined in Section 3.01(i).

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Notified Action shall have the meaning set forth in Section 7.04(a) of this Agreement.

  • Specified Matter means any Amendment of a Portfolio Investment that (a) reduces the principal amount of such Portfolio Investment, (b) reduces the rate of interest payable on such Portfolio Investment, (c) postpones the due date of any scheduled payment or distribution in respect of such Portfolio Investment, (d) alters the pro rata allocation or sharing of payments or distributions required by any related underlying instrument in a manner adverse to the Company, (e) releases any material guarantor of such Portfolio Investment from its obligations, (f) terminates or releases any lien on a material portion on the collateral securing such Portfolio Investment, (g) changes any of the provisions of any such underlying instrument specifying the number or percentage of lenders required to effect any of the foregoing or (h) materially changes any financial maintenance covenant.

  • Interested Party means a person:

  • Dispute Board (DB) means the person or persons named as such in the SCC appointed by agreement between the Procuring Entity and the Contractor to make a decision with respect to any dispute or difference between the Procuring Entity and the Contractor referred to him or her by the Parties pursuant to GCC Sub-Clause 46.1 (Dispute Board) hereof.

  • requested Party means the Contracting Party requested to provide information; n) the term “information gathering measures” means laws and administrative or judicial procedures that enable a Contracting Party to obtain and provide the requested information;