Examples of Promote Member in a sentence
The fact that the collection contains undefined values should not imply that all collection operations invoked on that collection result in undefined.
If the TWC Member and Promote Member do not timely object to the Property Valuation and provide the alternative Property Valuation from a Qualified Broker, then the Property Valuation delivered by the Condor Member shall be used to determine the purchase price.
However, any requirement that TWC Member or a creditworthy Affiliate of TWC Member provide any new Loan Guaranty or new Franchise Guaranty shall expire and be of no further force and effect at any time that TWC Member is no longer the Administrative Member, the Promote Member is no longer receiving or entitled to the Special Distribution Provisions, or the Property Manager has been removed as manager of the Property.
If the TWC Member and Promote Member, as the selling Members, shall be ready, willing and able to close in accordance with Section 13.5.3 and the Condor Member shall default in its obligation to close, the selling Members may, in addition to the other rights hereunder, retain the Option Deposit (together with any interest accrued thereon) as liquidated damages.
The TWC Member and Promote Member shall have thirty (30) days after receipt of the notice of intent and Property Valuation to deliver notice to the Condor Member objecting to the Property Valuation and providing a Property Valuation on a going concern value basis from a Qualified Broker.
TWC Member and Promote Member are each controlled by TWC Principal, the majority owner of both TWC Member and Promote Member.
The TWC Member and Promote Member grant to the Condor Member an option (“Option”) to purchase both of their Entire Membership Interests (collectively, the “Optioned Interests”) (for the sake of clarity, the Condor Member must exercise the option for both Entire Membership Interests), exercisable solely during the period commencing on the third (3rd) anniversary of the Closing Date and ending on the fifth (5th) anniversary of the Closing Date.
If the Condor Member properly elects to remove the TWC Member as the Administrative Member in accordance with this Section 6.10 the TWC Member shall retain its Interest in the LLC as a non-managing Member and shall have the same rights to distributions and allocations it would have had as the Administrative Member; except, that the Promote Member shall lose all rights to Special Distribution Provisions that would otherwise become payable hereunder.
However, the TWC Member shall not have the right to exercise the Buy-Sell Right, if the Condor Member has previously exercised its option under Section 13.5 to purchase the Entire LLC Interests of the TWC Member and Promote Member, unless the closing of the acquisition does not occur due to a default of the Condor Member.
Fourthly, this study, using the experience of respondents who have been denied knowledge by their supervisors and peers, seeks to explore relationships between their experience, including emotions, and perception of organisational politics, their use of political tactics and innovation.