Promote Member definition

Promote Member has the meaning ascribed thereto in the Preamble.
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Promote Member shall have the meaning set forth in the first paragraph of this Agreement.
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Promote Member means 375 Manager, in its capacity as the Promote Member hereunder (as distinguished from its capacity as a Common Member or as the initial Managing Member).
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Examples of Promote Member in a sentence

  • A default by the TWC Member under this Article 13 shall also be a default of the Promote Member, and a default by the Promote Member under this Article 13 shall also be a default of the TWC Member.

  • 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.

  • 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.

  • 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.

  • TWC Member and Promote Member are each controlled by TWC Principal, the majority owner of both TWC Member and Promote Member.

  • 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.

  • 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 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.

  • 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.

  • Nevertheless, the results and findings are based on a limited reality and additional empirical studies should be conducted to avoid generalizations.


More Definitions of Promote Member

Promote Member means the Company, in its capacity as the “Equity Member”, as such term is used in the NIP JV Operating Agreement.
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Related to Promote Member

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Initial Member has the meaning set forth in the introductory paragraph.

  • Council Member means a member of the Council;

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

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Panel Member ’ means a member of a panel;

  • General Member means a party, and that party’s Affiliates, that has executed this Project Charter at the General Member level, unless that General Member has withdrawn or been terminated from the Project, or has changed membership level.

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

  • ☐ - 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).

  • Associate Members means the individuals or firms which have agreed to Joint Venture in connection with the Project;

  • Partner means any General Partner or Limited Partner.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

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

  • 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.

  • Intimate partner means: (a) Spouses, or domestic partners; (b) former spouses, or former domestic partners; (c) persons who have a child in common regardless of whether they have been married or have lived together at any time; (d) adult persons presently or previously residing together who have or have had a dating relationship; (e) persons sixteen years of age or older who are presently residing together or who have resided together in the past and who have or have had a dating relationship; and (f) persons sixteen years of age or older with whom a person sixteen years of age or older has or has had a dating relationship.

  • Active member means a member of the pension program or the individual account program

  • Corporate Member means, corporate entity who have entered into a Membership Agreement with DOCOMO BIKESHARE, INC. under the Bicycle Rental (Sharing) system in pursuant to Article 3, such as profit corporations, non-profit corporations, public corporations, and those with juridical personality by law.

  • General Partner means the Company or its successors as general partner of the Partnership.

  • Potential Member means an individual who meets the eligibility requirements to enroll in the Oregon Health Plan but has not yet enrolled with a specific PHP or CCO.

  • Financial Member means a person who has paid the required membership fee and is listed on the Register of Members.

  • Founding Member means any individual who is either:

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

  • Corporate Partner means a Partner that is subject to tax under [reference to State law].

  • Tribal Member means an enrolled member of the Tribe.

  • Affiliate Member means an individual who is an umpire, referee, coach or other official who is associated with the Association but who is not an Individual Member.