Outgoing Member definition

Outgoing Member means any person who ceases to be, or who has ceased to be, an Ordinary Member of the LLP for any reason.
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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.
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Outgoing Member means any person who ceases to be a Member for any reason other than the mutual termination of this Agreement;
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Examples of Outgoing Member in a sentence

  • An Out-going Member to whom an Appropriated Amount has been paid or applied under sub-clause 22.12 shall have no right or claim against the Fund.

  • On or within a reasonable time of his Leaving Date, the Outgoing Member or (if applicable) his personal representatives shall sign and execute all documents and perform all acts that the LLP reasonably requires for the purpose of enabling the LLP to recover any outstanding interest or right of the LLP in or for the purpose of transferring to the LLP, or as it may direct, any property of the LLP which on his Leaving Date is held by the Outgoing Member on behalf of the LLP.

  • For the avoidance of doubt, all rights and powers in respect of the operation or management of the LLP granted to an Ordinary Member pursuant to this Deed shall immediately cease upon the Leaving Date of such Ordinary Member and nothing in this clause 21 shall confer on the Outgoing Member or his personal representatives any right to exercise any such rights or powers so granted in respect of the period prior to his Leaving Date.

  • On or within a reasonable time of its Leaving Date, the Outgoing Member shall sign and execute all documents and perform all acts that the LLP reasonably requires for the purpose of enabling the LLP to recover any outstanding interest or right of the LLP in or for the purpose of transferring to the LLP, or as it may direct, any property of the LLP which on its Leaving Date is held by the Outgoing Member on behalf of the LLP.

  • An Outgoing Member shall not, without the written consent of the Members, during the period of twelve months following its Leaving Date canvass, solicit, employ or otherwise engage anyone who is an employee or Member of the LLP at the time of its Leaving Date.

  • Board of Education - Outgoing Member Board of Education - Outgoing MemberKarin B.

  • We work to strengthen families to provide the best outcome for children in our care.

  • Leaving Date: a date on which an Outgoing Member ceases or is deemed to cease to be a Member of the LLP under this Agreement.

  • The Designated Members shall notify details of any Outgoing Member to the Registrar of Companies in accordance with the Act.

  • If the relevant Outgoing Member or LSC Owner, as applicable, and the Purchaser are unable to agree as to the fair market value within thirty (30) days after the relevant election to purchase by such Purchaser, then, within ten (10) calendar days after such failure, the Outgoing Member or LSC Owners, as applicable, and the Purchaser shall each select one independent, nationally recognized valuation firm with experience in appraising companies similar to the Company.


More Definitions of Outgoing Member

Outgoing Member has the meaning set forth in Section 7.5.
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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.
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Related to Outgoing Member

  • Founding Member means any individual who is either:

  • Presiding Member means the presiding member of a committee or the deputy presiding member, or a member of the committee when performing a function of the presiding member in accordance with the Act;

  • Transferring Member has the meaning set forth in Section 9.4.

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

  • Redeeming Member has the meaning set forth in Section 11.01(a).

  • Non-Managing Member means any Member other than the Managing Member.

  • Panel Member ’ means a member of a panel;

  • Continuing Member means a member of the Board of Directors of the Company who either (a) was a member of the Company's Board of Directors on the Effective Date and has been such continuously thereafter or (b) became a member of such Board of Directors after the Effective Date and whose election or nomination for election was approved by a vote of the majority of the Continuing Members then members of the Company's Board of Directors.

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

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

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • 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;

  • Selling Member has the meaning set forth in Section 10.5(a).

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

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

  • Neutral Member has the meaning provided in Section 2. 1(f)(ii) of this Single Family Shared-Loss Agreement.

  • Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Disposing Member is defined in Section 4.1.

  • Purchasing Member means a municipal utility which purchases electricity from a municipal electric cooperative association of which it is a member.

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • 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.

  • Member Representative means an individual who can make OHP-related decisions for a member who is not able to make such decisions themselves.

  • Defaulting Member the meaning set forth in Section 3.2(a).

  • Trading Member means a Person who has been approved by Nadex to trade directly and not through a FCM Member on the Market, and does not include any FCM Member.

  • ☐ - 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).