Remaining Members definition

Remaining Members has the meaning set forth in Section 11.2.

Remaining Members shall have the meaning set forth in Section 7.2(a).

Remaining Members shall have the meaning ascribed to it in Section 8.1.

Examples of Remaining Members in a sentence

• The Company and/or the Remaining Members may purchase the Former Member’s Membership Interest as provided in this Article.

• Upon the occurrence of the death, withdrawal, resignation, expulsion, bankruptcy or dissolution of any Member (“Dissolution Event”), the Company shall dissolve unless the Remaining Members who hold a majority of Remaining Membership Interest agree within ninety (90) days to continue the business of the Company.

• If the Remaining Members fail to purchase the entire interest of the Former Member, the company shall purchase any remaining share of the Former Member’s Interest.

• Notwithstanding the proceeding sentence, if, in the determination of the Remaining Members, a transfer violating Article 6 would cause the termination of the Company under the Code, in the sole discretion of the Managers, the transfer shall be null and void.

• The unpaid principal balance shall accrue interest at the current applicable federal rate as provided in the Code for the month in which the initial payment is made, but the Company and the Remaining Members shall have the right to prepay in full or in part at any time without penalty.

More Definitions of Remaining Members

Remaining Members has the meaning set forth in Section 10.1.

Remaining Members as defined in subsection 10.1.1.

Remaining Members shall have the meaning set forth in Section 10.2(a).

Remaining Members shall have the meaning given such term in Section 10.6.1.

Remaining Members is defined in Section 14.2(a).

Remaining Members is defined in Section 8.1.

Remaining Members means the Members (other than the Sellers).