Obligated Member definition

Obligated Member is defined in Section 13.23.
Sample 1Sample 2
Obligated Member means a member or partner of an obligated member entity that is fully liable for the debts, obligations and liabilities of the entity, as provided in § 67-4-2008(b), (c) and (d), and that has filed appropriate documentation to that effect with the secretary of state;
Sample 1Sample 2
Obligated Member is defined in Section 13.23. 14.91 OFAC The term "OFAC" is defined in Section 9.01(h). 14.92 Officers The term "Officers" is defined in Section 2.18(a).
Sample 1

Examples of Obligated Member in a sentence

  • If the LLC elects to be registered as an Obligated Member Entity pursuant to T.C.A. § 48-217-101(f), check the box and enter the effective date.

  • If the box indicating registration as an Obligated Member Entity is checked, the articles of organization must be accompanied by a duly executed Obligated member Entity Addendum (Form SS-4600).

  • Along Members shall give each Obligated Member written notice (the “Drag-Along Notice”) of any Sale of the Company transaction at least twenty (20) calendar days prior to the date on which such transaction shall be consummated, including the terms and conditions thereof, and each Obligated Member shall have the obligation to sell its Units on such same terms and conditions in accordance with the instructions set forth in such notice.

  • For each Fiscal Year during this Agreement, each Obligated Member (as defined below) shall be required to pay an equal share of the Charter School’s Annual Revenue Deficit, in the event one exists.

  • The time period for each Member to perform any obligation under this Agreement shall be extended for the time period such Member (the "Obligated Member") is unable to perform such obligation as a result of any Force Majeure Delay.

  • Obligated Member Entity Exemption Available to LLC Treated as a Corporation for Federal Income Tax Purposes.

  • A Member will remain an Obligated Member with respect to Specifications developed by that working group even after termination of such Member’s participation in the working group.

  • If the box indicating registration as an Obligated Member Entity is checked, the application for certificate of authority must be accompanied by a duly executed Obligated member Entity Addendum (Form SS-4600).

  • If a Member that is not an Obligated Member of a specific Working Group requests OI4 Alliance Confidential Information from such Working Group it does not participate in, it shall be treated as an Obligated Member of that Working Group with respect to such OI4 Alliance Confidential Information.

  • Each Obligated Member shall pay its equal share of the Annual Revenue Deficit to the Charter School within thirty (30) days after the end of the Fiscal Year for which the Annual Revenue Deficit exists.


More Definitions of Obligated Member

Obligated Member is defined in Section 13.23. 14.91 OFAC The term "OFAC" is defined in Section 9.01(h). 14.92 Officers The term "Officers" is defined in Section 2.17(a). 14.93 Operating Budget The term "Operating Budget" is defined in Section 2.09. 14.94 Partially Adjusted Capital Account The term "Partially Adjusted Capital Account" means, with respect to each Member and taxable year, the Capital Account of such Member at the beginning of such taxable year, adjusted as set forth in the definition of "Capital Account" for all contributions and distributions during such year and all special allocations pursuant to Sections 4.03 and 4.04, but before giving effect to any allocation to Net Profits or Net Losses for such taxable year pursuant to Section 4.01 or 4.02. 14.95 Percentage Interest The term "Percentage Interest" means, with respect to each Member, the percentage set forth opposite such Member's name on Exhibit "A" attached hereto under the column labeled "Percentage Interest," subject to any adjustment pursuant to Section 3.03(b).
Sample 1
Obligated Member shall have the meaning set forth in SECTION 7.3.
Sample 1
Obligated Member is defined in Section 13.23. 14.106 OFAC The term "OFAC" is defined in Section 9.01(h). 14.107 Officers The term "Officers" is defined in Section 2.18(a). 14.108 Operating Budget The term "Operating Budget" is defined in Section 2.09. 14.109 Parcel 1A The term "Parcel 1A" is defined in Section 10.05. 14.110 Partially Adjusted Capital Account The term "Partially Adjusted Capital Account" means, with respect to each Member and taxable year, the Capital Account of such Member at the beginning of such taxable year, adjusted as set forth in the definition of "Capital Account" for all contributions and distributions during such year and all special allocations pursuant to Sections 4.03 and 4.04, but before giving effect to any allocation to Net Profits or Net Losses for such taxable year pursuant to Section 4.01 or 4.02. 14.111 Percentage Interest The term "Percentage Interest" means, with respect to each Member, the percentage set forth opposite such Member's name on Exhibit "A" attached hereto under the column labeled "Percentage Interest," subject to any adjustment pursuant to Section 3.03(b).
Sample 1

Related to Obligated Member

  • 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.

  • 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.

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

  • Enlisted member means a person in an enlisted grade.

  • 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:

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

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

  • Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.

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

  • Deferred member means a person who elected to receive deferred vested retirement

  • Tribal Member means an enrolled member of the Tribe.

  • 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;

  • Panel Member ’ means a member of a panel;

  • 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.

  • Principal Member means the person who signs the application and is responsible for the payment of premiums.

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

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

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

  • Affiliate Member means an individual who is an umpire, referee, coach or other official who is associated with the Association but who is not an Individual Member.

  • Preferred Member means a Member holding Preferred Units.

  • 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.

  • 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.

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

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

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