Examples of NS Member in a sentence
The Managing Member may not admit additional Members without obtaining the Approval of NS Member and, further, upon the condition that the additional Member shall agree to be bound by the terms and conditions of this Agreement and assume all obligations associated therewith.
To confirm the rights granted to the Managing Member herein, suitable Uniform Commercial Code statements or other instruments will be executed, acknowledged and delivered by the Company and the affected Members from time to time at the request of the Managing Member and Managing Member may thereafter and to the extent permissible by law renew such statements or instruments without first obtaining the consent of NS Member.
As of the effective date (determined in accordance with Section 12.08) of the notice under this Section 10.09, the NS Member shall have been deemed to have resigned and withdrawn from the Company, and shall become a Terminated Member, and the Managing Member shall accede absolutely to all the rights, titles, interests and privileges of the NS Member and shall be the sole Member of the Company.
As of the effective date (determined in accordance with Section 12.08) of the notice under this Section 10.07 (the "Buyout Date"), the Converted Members shall have been deemed to have resigned and withdrawn from the Company, and shall become Terminated Members, and NS Member shall accede absolutely to all the rights, titles, interests and privileges of the Converted Members and shall be the sole Managing Member and Member of the Company.
The presence in person of a majority of the Committee Representatives (at least one of whom shall be a Committee Representative appointed by the NS Member if a Major Decision is to be made) shall constitute a quorum for the transaction of business at a meeting of the Management Committee duly called in accordance with Section 5.4(a).
Notwithstanding anything to the contrary contained in this Agreement, until such time as the NS Member no longer owns any Membership Interests, neither the Management Committee nor any committee thereof shall authorize or effect any action that constitutes a Major Decision unless such action has received the approval of at least one of the Committee Representatives appointed by NS.
The Managing Member may cause the Company to make distributions of assets in kind only after Approval by NS Member.
To evidence the rights granted to NS Member herein, suitable Uniform Commercial Code statements or other instruments will be executed, acknowledged and delivered by the Company and the affected Members from time to time at the request of NS Member and NS Member may thereafter, to the extent permissible under law, renew such statements or instruments without the consent of any other party.
The Members hereby agree that there shall be created a Capital Project Committee consisting of three Committee Representatives, two of whom shall be designated by the KCS Member and one of whom shall be designated by the NS Member.
The KCS Membership Interests shall be conveyed to the NS Member (or its designated Subsidiar(ies)) subject only to Permitted Liens (as defined in the Transaction Agreement) and the KCS Member shall be responsible for the payment of all transfer, filing and recording taxes in connection with the exercise of the Line Option with respect to the KCS Membership Interests and the conveyance of such interests.