Examples of NS Member in a sentence
If there is a valid and legal termination of the Master Lease Agreement pursuant to its terms, which termination occurs on or after the Option Exercise Date, and no holder of a mortgage which is a lien on the leasehold estate created by the Master Lease Agreement has exercised its right pursuant to the Lease to obtain a new lease, the Company, as the landlord under the Master Lease Agreement, will so notify (the "Lease Termination Notice") the NS Member at the address set forth herein for notices.
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.
Eighteen (18) months after the date that the Premises shall have been transferred by the Company to NS Optionee pursuant to the terms of the Option Agreement the right of the NS Member to acquire the Acquired Interests shall be deemed terminated.
The Members hereby agree that there shall be created a Capital Project Committee consisting of: (1) prior to a Pan Am Change in Control, four Committee Representatives, two of whom shall be designated by the Pan Am Member and two of whom shall be designated by the NS Member; and (2) upon and after a Pan Am Change in Control, three Committee Representatives, two of whom shall be designated by the NS Member and one of whom shall be designated by the Pan Am Member.
The Company hereby assigns a one (1%) percent Interest to NS Member and NS Member hereby accepts such assignment and agrees to be bound by the terms and provisions of this Agreement.
The Capital Recovery Contributed Book Items shall be specially allocated ninety-nine (99) percent to the Pan Am Member and one (1) percent to the NS Member.
Upon liquidation of the Company, NS Member shall pay to the Company an amount equal to the lesser of (i) any deficit balance in its Capital Account and (ii) the amount by which (A) 1.01% of the Managing Member's unreturned Capital Contributions exceeds (B) the unreturned Capital Contributions of NS Member.
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 10.07 (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.
IV-A-09 Certified Budget – Disbursements during the year ended June 30, 2009 exceeded the amount budgeted in the culture and recreation function.