Remaining Member definition

Remaining Member shall have the meaning set forth in Section 7.3(a).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Remaining Member has the meaning set forth in Section 10.1.

Remaining Member has the meaning set out in Clause 5.3(a).

Examples of Remaining Member in a sentence

• Within fifteen (15) days after a Dissolution Event, each Remaining Member shall notify the Members in writing of whether (s)he chooses to purchase a portion of the Former Member’s Interest.

• If there is more than one Remaining Member who desires to purchase the Terminating Interests, then each shall have the right to purchase its pro rata portion of the Terminating Interests.

• The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Member not to purchase any of the Former Member's Interest.

• The failure of any Remaining Member to submit a notice within the applicable period shall constitute an election on the part of the Member not to purchase any of the Former Member’s Interest.

• If any Remaining Member elects to purchase none or less than all of his or her pro rata share of the Former Member’s Interest, then the Remaining Members can elect to purchase more than their pro rata share.

More Definitions of Remaining Member

Remaining Member means a Member who is not (i) a Transferring Member (in the case of a voluntary Transfer), or (ii) an Defaulting Member (in the case of a Default Event).

Remaining Member means and refer to any of the Remaining Members, individually.

Remaining Member has the meaning set forth in Section 4.3(a) hereof.

Remaining Member or “Remaining Members” shall have the meaning provided in the Preamble to the First Amendment to Second Amended and Restated Limited Liability Company Agreement of Centennial Founders, LLC.

Remaining Member as defined in Section 14.10[b].

Remaining Member and “Remaining Members” have the respective meanings set forth in Section 10.1(b).

Remaining Member is defined in Section 10.2.3.