Examples of NS Member in a sentence
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).
Section 45.1. If there is a valid and legal termination of this lease pursuant to its terms, which termination occurs on or after April 1, 2008, and no Leasehold Mortgagee has exercised the right pursuant to Article 24 hereof to obtain a new lease, Landlord will so notify Optionee and NS Member at the address set forth above for Tenant (or to such other person and at such other address as Landlord shall have been previously notified by Optionee at its address for notices).
Each such certificate shall be signed by one Committee Representative appointed by the Pan Am Member and one Committee Member appointed by the NS Member and shall include the legends referred to in Section 9.7.
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notice under this Section 10.07 (the "Buyout Date"), the Converted Members shall have been deemed to have resigned and withdrawn from the Company, and shall become Terminated Members, and NS Member shall accede absolutely to all the rights, titles, interests and privileges of the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.
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.
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.
The NS Member shall make the additional capital contributions to the Company described in Section 2.1 of the Transaction Agreement.
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 Chairman of the Management Committee shall be appointed by the Pan Am Member in all even numbered calendar years and by the NS Member in all odd numbered calendar years, provided that, upon and after a Pan Am Change in Control, the Chairman of the Management Committee shall be appointed by the NS Member.
Replace, patch and repair material and surfaces cut or damaged by methods and with materials in such a manner as not to void any warranties required or existing.