Outgoing Member definition
Outgoing Member. A Member who ceases to be a member of the LLP as a result of death, retirement, expulsion, and bankruptcy in accordance with the terms of this Agreement.
Outgoing Member means any person who ceases to be, or who has ceased to be, an Ordinary Member of the LLP for any reason.
Outgoing Member has the meaning set forth in Section 7.5.
Examples of Outgoing Member in a sentence
For the avoidance of doubt, the Evercore LLP shall not be obliged to maintain insurance for an Outgoing Member following that Outgoing Member’s Date of Outgoing.
Without prejudice to the generality of the foregoing, and in particular without prejudice to the obligation of each Individual Member to further the interests of the Evercore LLP, each Individual Member shall continue to act in good faith with regards to all the other Members and each Outgoing Member shall continue to act in good faith with regards to each other Member, Outgoing Member and the Evercore LLP.
More Definitions of Outgoing Member
Outgoing Member means any person who ceases to be a Member for any reason other than the mutual termination of this Agreement;
Outgoing Member means any Individual Member who for any reason ceases to be an Individual Member including (in the case of a deceased Individual Member) his personal representatives and (in the case of a bankrupt Individual Member) his trustee in bankruptcy or receiver;
Outgoing Member means a Member who ceases to be a Member for whatever reason. Accordingly cl 41 applies to the Defendant notwithstanding that she was expelled from membership of the First Claimant on 13 January 2011.