Examples of Proposing Member in a sentence

The Proposing Member shall submit to the Members any such proposed amendment together with an opinion of counsel as to the legality of such amendment and the recommendation of the Member as to its adoption.
For the avoidance of doubt, the parties acknowledge and agree that in the event the Proposing Member elects to send a Buy/Sell Notice, the Proposing Member must offer to purchase all of the limited liability company interests of the Non-Proposing Member in the Company (i.e., the Proposing Member may not offer to purchase less than 100% of all of the Non-Proposing Members’ membership interest in the Company).
By the end of such 20-day period, the non-Proposing Member shall notify the Proposing Member and the Company in writing as to whether or not it desires the Company to pursue the Company Opportunity.
At such closing, the Proposing Member shall, and hereby covenants to, Transfer the Offered Interests to such Remaining Members free and clear of any and all liens, mortgages, pledges, security interests or other restrictions or encumbrances against payment of the Offer Price in accordance with the notices specified in Sections 4.3(a) and (b) hereof.
The Proposing Member and Seconding Member must not be related to the applicant or each other through common ownership or common directorship or similar.

More Definitions of Proposing Member

Proposing Member has the meaning given such term in Section 4.01(b)(ii).

Proposing Member has the meaning set forth in Section 6.2(b).

Proposing Member is defined in Section 12.1(a).

Proposing Member is defined in Section 5.17(c).

Proposing Member has the meaning set forth in Section 11.11(d) of the Agreement.

Proposing Member shall have the meaning set forth in Section 3(a).

Proposing Member shall have the meaning set forth in Section 9.3(a).