Option Member definition

Option Member has the meaning given that term in Section 8.5.1 hereof.
Sample 1Sample 2
Option Member has the meaning set forth in Section 6.3(b)(i).
Sample 1Sample 2Sample 3
Option Member means any member of record of COMEX who is a natural person and who holds one or more of the authorized and outstanding 238 option memberships in COMEX as of the Effective Date, and as thereafter may from time to time have been, or be, transferred, whether the member owns his or her membership or holds such membership pursuant to an A-B-C Agreement.
Sample 1Sample 2

Examples of Option Member in a sentence

  • The difference with the encouragement of self-regulation under Option 2 would be that under the present Option Member States should ensure a broad coverage of the system.

  • An Option Member's proportionate share shall equal the total amount of Membership Interests subject to the option multiplied by a fraction the numerator of which is the amount of Membership Interests held by such Option Member and the denominator of which shall be the amount of Membership Interests held by all Option Members electing to exercise the option.

  • In cases where an option is held by more than one Option Member, each purchasing Option Member shall be entitled to purchase his or her proportionate share of the Membership Interest subject to the option.

  • A list of providers can be located on the Molina Dual Option Member website or by calling Member Services.

  • The Note shall be due and payable in full at such time as the net fair market value of the Company's remaining assets (as reasonably determined by the Option Member) is less than 200% of the then outstanding balance of the Note.

  • In connection with the purchase of any portion of the Option Interest hereunder, the Option Member shall release the Selling Member from and assume, as appropriate, such Company-related obligations and guarantees as shall relate to the transferred portion of the Option Interest and agree to indemnify and hold harmless the Selling Member with respect to all such obligations and guarantees.

  • It is understood that maintenance service as used in this article means those cases where the garage dispatches a bus driven by a maintenance employee for the purpose of replacing another bus which is broken down and those cases where a maintenance employee takes a bus out for testing purposes.

  • Each Option Member who gives a timely notice stating its intent to purchase the Option Interest is referred to hereinafter as a “Purchasing Member.” If there is more than one Purchasing Member, the Purchasing Members shall be entitled to purchase the Option Interest in proportion to their Profits Interests, or in such other proportions as they may agree (with such proportions being referred to hereinafter as the “Purchase Percentages”).

  • Within 60 days following the Valuation Date, the Option Member shall give written notice to the Selling Member stating whether such Option Member desires to purchase the Option Interest.

  • Any Option Member may invoke the valuation procedure of Section 8.5.3 by giving written notice (the “Valuation Notice”) to the Selling Member (or, if applicable, its representatives, successors, or assigns) and to each other Option Member at any time within six months following the Option Member’s actual knowledge of the Triggering Event.


More Definitions of Option Member

Option Member has the meaning set forth in Section 9.2(a) of this Agreement.
Sample 1Sample 2
Option Member shall include an Option Member’s trustee in bankruptcy, to the extent applicable.
Sample 1
Option Member has the meaning given that term in Section 8.5.1 hereof. [***] Confidential treatment requested. Omitted portions have been filed separately with the Securities and Exchange Commission.
Sample 1
Option Member shall include an Option Member’s personal representative or trustee in bankruptcy, to the extent applicable. Notwithstanding any other provision in this Operating Agreement, a Member may freely sell, convey, or otherwise transfer its Membership Interest to (a) a trust for the sole benefit of such Member or (b) the guardian, custodian or conservator of such Member’s estate.
Sample 1

Related to Option Member

  • non-member means a person (national or overseas) who is not a member of the Teaching Service e.g. new graduate, new overseas recruit, resigned teacher etc..

  • Common Member means a Member holding Common Units.

  • Plan Member means each Member any of the assets of which are subject to any Plan Governing Law.

  • Association Member means an owner or a member of an association.

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

  • Other Member means a Voting Member who is not an Eligible Account Holder or a Supplemental Eligible Account Holder.

  • Regular Member means any Member, excluding the Managing Member and any Special Members.

  • 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.

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

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Rollover Unit holder shall be defined as set forth in Section 5.05, herein."

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Public member means an individual who is not, and never

  • Team Member means an individual who is allowed to access the Cloud Service but is only granted membership in groups associated with “Team Member” permissions for the Cloud Service.2

  • Junior Member means a registered Member of the Club who is younger than 18 years of age.

  • Employee Member means a member of the “Bargaining Unit”.

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

  • ☐ - 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).

  • Participating member means a member who is required to make mandatory contributions by the applicable retirement act to his or her health reimbursement account.

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

  • Co-opted Member means a person who is not a member of the authority but who-

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

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

  • Holder or Unit Holder means the investor for the time being entered in the Register as owner of a Unit including investors jointly so registered pursuant to the provisions of the Trust Deed.

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

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