Oaktree Member definition

Oaktree Member means Oaktree Capital Group Holdings, L.P., a Delaware limited partnership, and any successors thereto.
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Oaktree Member or “Oaktree Members” means, without duplication, (i) Oaktree AC InvestCo, L.P., Oaktree AC InvestCo 2, L.P., and Oaktree AC InvestCo 3, L.P., each a Delaware limited partnership, and (ii) each Permitted Transferee thereof, in each case for so long as such Person (a) is owned, directly or indirectly, by one or more investment funds or accounts affiliated with Oaktree Capital Management, L.P. and (b) beneficially owns one or more Units; provided that, to the extent there is more than one Oaktree Member, any consents required hereunder shall be determined by holders of a majority of the Units held by all Oaktree Members.
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Oaktree Member means Oaktree and/or any direct or indirect Permitted Transferee thereof to whom Membership Interests are Transferred in accordance with Section 8.1(b).
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Examples of Oaktree Member in a sentence

  • If, notwithstanding the preceding sentence, at any time the number of Class B Units held by the Oaktree Member exceeds the aggregate number of Oaktree Operating Group Units then held by the Oaktree Member, then such excess Class B Units shall automatically and without any action by the Board of Directors or the Company be cancelled, and the Oaktree Member shall have no further right to or interest in such Class B Units.

  • The number of Outstanding Class B Units shall at all times be equal to the aggregate number of issued and outstanding Oaktree Operating Group Units then held by the Oaktree Member.

  • Upon the acquisition by the Oaktree Member of a newly issued Oaktree Operating Group Unit, the Company shall issue a Class B Unit to the Oaktree Member, without requiring any Capital Contribution to the Company in respect of such Class B Unit.

  • A proposed amendment shall be effective upon its approval by holders of Units representing a majority of the voting power of all Outstanding Voting Units, unless a greater percentage is required under this Agreement or by the Delaware Act, but in all cases must include the approval of the Brookfield Member and, following the Initial Period with respect to any amendment having a disproportionate effect on the Oaktree Member (as compared to the Brookfield Member), the approval of the Oaktree Member.

  • In addition, the Oaktree Member and the Brookfield Member shall reasonably assist and cooperate with each other, and the Company shall, and shall cause each other Group Member and each Subsidiary of a Group Member to, reasonably assist and cooperate with each such Member, in connection with general legal and compliance functions.

  • The Brookfield Member and the Oaktree Member intend that the Company and SubCo shall be governed and owned, with respect to the respective ownership of the Brookfield Member and the Oaktree Member, in a consistent manner.

  • Accordingly, the Oaktree Member and the Brookfield Member hereby waive to the fullest extent permitted by law the benefit of any rule of Law or any legal decision that would require that in cases of uncertainty, the language of a contract should be interpreted most strongly against the party who drafted such language.

  • Each of the Brookfield Member and the Oaktree Member shall exercise all rights provided to such Member under this Article VI in a manner consistent with the exercise of rights by such Member (or such Member’s Affiliate, as applicable) in such Member’s (or such Member’s Affiliate’s, as applicable) capacity as a member of SubCo under the corresponding governance provisions of the SubCo Operating Agreement.

  • In the event that no Oaktree Director is able to attend a meeting of the Board of Directors or any committee thereof, the Oaktree Member may, by notice sent prior to the time of such meeting, appoint an alternate to attend such meeting in the stead of an Oaktree Director, and such alternate shall have all the same rights, privileges and obligations at such meeting, including as to voting, as an Oaktree Director.

  • For greater clarity, each of the Oaktree Member and the Company agrees that, for so long as the Brookfield Member is a Member, it will not take any action that would, or would reasonably be expected to, cause the Company to be a “bad asset” for purposes of the Investment Company Act of 1940, as amended.


More Definitions of Oaktree Member

Oaktree Member means Oaktree Capital Group Holdings, L.P., a Delaware limited partnership, and any successors thereto. “Oaktree Operating Group” means, collectively, the upper-most entities (a) in or over which (i) each of the Oaktree Member, OEP and either the Company or Atlas Top (or any successor thereof) have an economic interest and (ii) the Company or the SubCo has Control and (b) through which the Oaktree Business is conducted or the Oaktree Strategy is pursued. For the avoidance of doubt, each of the following entities are part of the Oaktree Operating Group as of the date hereof: Oaktree Capital I, L.P., Oaktree Capital II, L.P. (including each series thereof), Oaktree Capital Management, L.P., Oaktree Investment Holdings, L.P., Xxxxxxx AIF Investments, L.P., each a Delaware limited partnership, Oaktree Capital Management (Cayman), L.P., a Cayman Islands exempted limited partnership, and any other Subsidiary of the Company, Atlas Top or the SubCo (whether now existing or hereafter formed) that is designated part of the Oaktree Operating Group by the Board of Directors (with, prior to the expiration of the Initial Period, the prior written consent of the Brookfield Member and, after the Initial Period and for so long as the Oaktree Member has the right to appoint an Oaktree Director, the prior written
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Related to Oaktree Member

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Bona fide member means an individual who participates in activities of a qualified organization

  • Active member means a member of the pension program or the individual account program

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Unit Holder means the owner of one or more Units.

  • Inactive member means a member of the pension program or the individual account pro-

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • lay member means a member of the Authority, who is not, nor has been:

  • Committee Member means a member of the Committee.

  • Founding Member means any individual who is either:

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • Equity Member means (a) each entity with a direct interest in the Proposer (whether as a member, partner, joint venture member, or otherwise), (b) each entity proposed to have a direct interest in Developer (whether as a member, partner, joint venture member, or otherwise), and (c) each entity that will have an indirect interest in the Proposer or Developer through one or more intermediaries. Notwithstanding the foregoing, if the Proposer is a publicly traded company, shareholders with less than a 10% interest in the Proposer shall not be considered Equity Members.

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Initial Member has the meaning set forth in the introductory paragraph.

  • Common Member means a Member holding Common Units.

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.2.

  • Voting Member means a Member holding one or more Voting Shares.

  • Limited Partner means any Person named as a Limited Partner on Exhibit A attached hereto, and any Person who becomes a Substitute Limited Partner, in such Person’s capacity as a Limited Partner in the Partnership.

Most Referenced Clauses

Most Referenced Definitions