Original Principals definition

Original Principals means each of Messrs. Chri▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇ll▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇ John ▇. ▇▇▇▇▇▇ (▇▇d, other than for purposes of Article III hereof and any other provision hereof permitting or requiring any action, consent or approval by a Non-Manager Member, it being understood that the rights under such provisions shall always be exercised solely by such Non-Manager Member and not by any Transferee), their respective Transferees, if any, under Section 5.1(b) or Section 5.1(c) or, to the extent set forth in any consent of the Manager Member pursuant to Section 5.1(a), their respective Transferees under Section 5.1(a)).
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Original Principals has the meaning provided in Section 10.4(a)(i).
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Original Principals means each of Messrs. Christopher H. Browne, William H. Browne and John D. Spears (and, other than for purposes of Article III hereof and any other provision hereof permitting or requiring any action, consent or approval by a Non-Manager Member, it being understood that the rights under such provisions shall always be exercised solely by such Non-Manager Member and not by any Transferee), their respective Transferees, if any, under Section 5.1(b) or Section 5.1(c) or, to the extent set forth in any consent of the Manager Member pursuant to Section 5.1(a), their respective Transferees under Section 5.1(a)).
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Examples of Original Principals in a sentence

  • Lender acknowledges that Original Principals and/or an Original Principal’s spouse are acceptable to exercise voting control of Borrower and the management of the Property.

  • The EPSCA PSERN Board Representative must the Chief Executive Officer of one of the Original Principals.

  • The Members acknowledge that immediately prior to the execution of this Agreement, Shra▇▇▇ ▇▇▇ Wyck▇▇▇ ▇▇▇uired certain interests from the Original Principals and Clar▇ ▇▇▇ were admitted as Members of the LLC.

  • The Original Principals have a joint right under the PSERN Operator ▇▇▇ to select one PSERN Board member, his or her designee, and an alternate.

  • The PSERN Operator ▇▇▇ prescribes that the Original Principals are responsible to determine what constitutes legislative approval or disapproval from their respective cities when an amendment is proposed to the PSERN Operator ▇▇▇ that cannot be approved by PSERN Board action, as further described in Section 15 of the PSERN Operator ▇▇▇.

  • Lender acknowledges that Original Principals and/or an Original Principal's spouse are acceptable to exercise voting control of Borrower and the management of the Property.

  • Notwithstanding the foregoing, without any action on his part or on the part of the LLC, the Management Board or any Member, effective March 31, 1999, Clar▇ ▇▇▇ll automatically cease to be a Member of the LLC and his interest in the LLC shall be reallocated among the Original Principals who are Members at such time, in proportion to their respective LLC Points and Reserved Points, and the Manager Member shall make appropriate revisions to Schedule A hereto.

  • The designee and alternate of the EPSCA PSERN Board Representative as described in the PSERN Operator ▇▇▇ are deemed by the Original Principals to be a single appointee (referred to as the “Alternate”) and must similarly be the Chief Executive Officer of one of the Original Principals.

  • A successor agreement to this Agreement, structuring EPSCA as a joint board under RCW 39.34.030 that is not constituted as a separate legal entity, and otherwise incorporating the terms of this Section 8, shall be negotiated and entered into between the Original Principals remaining party to the PSERN Operator ▇▇▇ to become effective as of the date that EPSCA is dissolved as a nonprofit corporation.

  • The “EPSCA PSERN Board Representative” is the person selected by the EPSCA Board pursuant to Section 8 of this Agreement to represent the Original Principals on the PSERN Board.