Prior Members definition

Prior Members means all of the Members other than Investor.
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Prior Members shall have the meaning set forth in the recitals.
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Prior Members means the persons and entities that collectively owned the Interests in the Companies that were sold to Seller herein (and Buyer therein) under the Prior Purchase Agreement, the classification of which and respective ownership shares of which were more fully described in Schedule 2.1 of said Prior Purchase Agreement.
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Examples of Prior Members in a sentence

  • At the Effective Time, the Company shall convert the Membership Interests of the Prior Members issued pursuant to the Prior LLC Agreement into the number of Series B Membership Interests set forth opposite such Member’s name under the column “Series B Membership Interests” on Exhibit A.

  • Except for Prior Members at the inception of the Directed Fund, for all levels of membership, an initial full year’s payment of fees is due upon receipt and acceptance of an executed membership agreement and payable within thirty days of the date of invoice from the LF.

  • For example, if $100 is available to be distributed pursuant to this Section 5.1.2 at a time when the Prior Member Distribution Percentage is 3%, then $97 shall be distributed to Investor, and $3 shall be distributed to the Prior Members, pro rata in accordance with their respective relative Membership Percentages.

  • Except for Prior Members at the inception of the Directed Fund, one year’s fees are due on acceptance as a member, and the second year’s fees are due at the first anniversary of membership.

  • If the Target Year Earnout Ceiling for the 2017 Target Year is achieved and payable to the Prior Members under the Earnout Agreement, then the Seller shall be entitled to the 2018 Earnout Stock.

  • Prior Members in Good Standing will Receive a $100.00 Credit for Each Previous Year they were a Crestview Member (Up to $400.00 Value) to be Applied Towards the Golf Membership portion of their Application, restrictions apply.Credit Expires on March 20, 2022$400 value applies to Executive Level Golf.

  • The Escrow Amount shall be held and released by the Escrow Agent to the Prior Members or Buyer in accordance with the directions provided to the Escrow Agent or as otherwise provided in the Escrow Agreement in accordance with the terms and conditions of the Escrow Disbursement Agreement.

  • Except as disclosed in the Registration Statement and Prospectus, there are no claims by the Partnership Entities or any of their subsidiaries under any such policy or instrument as to which any insurance company is denying liability or defending under a reservation of rights clause which would, individually or in the aggregate, have a Material Adverse Effect.

  • In one incident, the staff was terminated and in the other incident, the staff received a written reprimand and retraining.

  • Upon such execution, all provisions of, rights granted and covenants made in the Prior Members Agreement are hereby waived, released and superseded in their entirety and shall have no further force or effect.


More Definitions of Prior Members

Prior Members has the meaning assigned to such term in the recitals.
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Related to Prior Members

  • Investor Members mean those Persons who acquire Interests in the Initial Offering or Subsequent Offering and their successors and assigns admitted as Additional Economic Members.

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

  • Team Members means the members of the Team, jointly and severally;

  • Investor Member means a member that has made a contribution to a limited cooperative association and:

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

  • Class B Members means all such Persons.

  • Founding Members means the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.

  • Management Members shall have the meaning set forth in the introductory paragraph of this Agreement.

  • New Members As Defined By the Public Employees’ Pension Reform Act of 2013 (PEPRA)

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

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.2.

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

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Team Member means a member of the European Border and Coast Guard standing corps deployed through a border management team to participate in an operational activity;

  • Class A Members means those Members who have purchased Class A Interests.

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

  • Teaching staff member means an employee who holds a position for which a certificate issued by the New Jersey State Board of Examiners is required.

  • Membership service means service as an employee rendered while a contributing member of the

  • Partner Group means any legal entity that has direct or indirect Control over the Partner and only as long as that legal entity maintains direct or indirect Control (“Parent Companies”) as well as all Associated Companies of the Parent Companies.

  • Panel Member ’ means a member of a panel;

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

  • Remaining Members has the meaning set forth in Section 11.2.

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

  • Preferred Member means a Member holding Preferred Units.

  • Initial Members means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Member” means any of the Initial Members.

  • Members means the persons who are duly registered as the holders from time to time of shares in the register including persons who are jointly so registered.