Selling Member definition

Selling Member has the meaning set forth in Section 10.5(a).

Selling Member has the meaning set forth in Section 11.2.1.

Selling Member means any Member that sells, assigns, hypothecates, pledges, or otherwise transfers all or any portion of its rights of membership in the Company, including its Economic Interest and/or voting rights.

Examples of Selling Member in a sentence

• If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer.

• Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer.

• If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement.

• Within fifteen (15) days after the delivery of said offer, the other Member(s) shall deliver to the Selling Member a written notice either accepting or rejecting the offer.

• If any or all of the other Member(s) elect to accept the offer, then the closing of title shall be held in accordance with the offer, and the Selling Member shall deliver to the other Member(s) who have accepted the offer an assignment of the interest being sold by the Selling Member(s) and said other Member(s) shall pay the purchase price prescribed in the offer.

More Definitions of Selling Member

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

Selling Member is defined in Section 7.05

Selling Member is defined in Section 9.7(a).

Selling Member means a Clearing Member that is party to an EquityClear Contract as seller.

Selling Member means the Clearing Member who Qualifies the Seller’s positions on a Contract;

Selling Member means the Member or Holder desiring to sell or similarly dispose of all or any portion of his Membership Interest or Assignee Interest.

Selling Member means Member who has undertaken to sell security, foreign currency/Derivatives for a consideration.