Principal Member definition

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

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Principal Member means any Participant in the Association which has executed the Articles of Association and those who, after the date of execution of these Articles of Association, adhere to a Participation Agreement

Principal Member means a member of MCI that is a Principal Member, Association Member or Travelers Cheque Member within the meaning of MCI's bylaws and any Person that is a Class A Member of MCI within the meaning of the New MCI Bylaws.

Examples of Principal Member in a sentence

• All benefits that pertain to a MEMBER will be paid by check to the order of Principal Member, unless the Principal Member requests otherwise, or HMO, in its discretion, considers it preferable to make the payment in another manner.

• The Principal Member with respect to this Agreement, agrees to pay MediCard the full membership fee as specified in “Schedule B – Membership Fees”.

• If the Principal Member is married, his/her parents, brothers or sisters are no longer eligible as Qualified Dependents unless expressly provided for in this Agreement.

• After the lapse of the periods specified above, MediCard shall no longer receive, evaluate and accept any designation or application to be a Qualified Dependent of a Principal Member.

• Principal Member: Any person at least 18 years old up to 60 years of age.

More Definitions of Principal Member

Principal Member means a person who has a significant ownership interest in a licensee or applicant that is an association, trust, or limited liability company or similar entity, as determined by the board.

Principal Member means a person who has a significant

Principal Member means the Eligible Member.

Principal Member means each of the Majority Member and the Minority Member for so long as such Member (together with its Permitted Transferees) holds not less than 10% of the then aggregate outstanding LLC Units; and upon any failure to so hold 10% of the then aggregate outstanding LLC Units, such Member shall cease to be a “Principal Member.”

Principal Member means each of the C&D Fund, Daniel H. Yergin, Joseph A. Stanislaw and James P. Rosenfield (the "Original Principal Members") and each of their respective Permitted Transferees who are "accredited investors" within the meaning of rule 501(a) of Regulation D of the Securities Act of 1933, as amended; PROVIDED, HOWEVER, that a Principal Member shall cease to be a Principal Member at such time as such person or entity shall not beneficially own at least 20% of the LLC Units that such Member (or the applicable Original Principal Member in the case of a Permitted Transferee) beneficially owned on the Effective Date, and, PROVIDED, FURTHER, that, solely for the purposes, under this Section 2.1(ff) and Section 7.4, of calculating the number of LLC Units beneficially owned by a Principal Member who is an individual,

Principal Member means a person qualifying for membership under these Rules and who is recognised by the Trustees as the main member;

Principal Member means a Member who is granted with a Principal Membership by NPCI for the RuPay Card Scheme;