Examples of Profits Member in a sentence
As more fully set forth in the Series Agreement, as a Profits Member, Subscriber may be entitled to certain Base Distributions.
All consents, approvals, authorizations, permits of, filings with, and notifications to, any Person necessary for the due execution, delivery, and performance of this Agreement by such Profits Member have been obtained or made and all conditions thereof have been duly complied with, and no other action by, and no notice to or filing with, any Person is required in connection with the execution, delivery, or performance of this Agreement by such Profits Member.
To be Theban is to engage with the other, to paradoxically embrace the possibility of social transgression within one’s own social identity.
If any Profits Member believes that such a position is required by applicable law, such Profits Member will promptly notify the Manager in writing, citing such applicable law or any interpretation thereof.
For the avoidance of doubt, a Profits Member will not be allocated any Net Income or Net Loss (or individual items thereof) other than Net Income or Net Loss attributable to a Capital Transaction unless (and only to the extent) the Board determines that such Profits Member is entitled to distributions of Available Cash Flow under Section 4.03(b).
Such Profits Member has received all documents, books, and records pertaining to an investment in the Company or applicable Series requested by such Profits Member.
Such Profits Member (a) if an entity, is duly formed, validly existing, and in good standing under the laws of its jurisdiction of organization and has all requisite power and authority to enter into, deliver, and perform this Agreement, and (b) if an individual, has all legal capacity and authority to enter into, deliver, and perform this Agreement.
This Agreement constitutes a legal, valid, and binding obligation of such Profits Member enforceable against such Profits Member in accordance with its terms.
Within five (5) days after receipt of a request from Company, Subscriber hereby agrees to provide such information with respect to his/her/its status as a Profits Member (or potential Profits Member) and to execute and deliver such documents as may reasonably be necessary to comply with any and all laws and regulations to which Company is or may become subject, including, without limitation, the need to determine the accredited investor status of Company's members.
Unless otherwise required by applicable law, no Profits Member will take a position on such Profits Member's income tax return, in any claim for refund, or in any administrative or legal Proceedings that is inconsistent with this Agreement or with any return filed by the Company or its Series.