Examples of Shareholders or Members in a sentence
Shareholders or Members will only be liable for the debts and obligations of the Company, in their capacity as a holder of an interest in the Company with respect to the applicable Series or a member of the Company generally or associated with a Series, respectively, to the extent of their Capital Contributions and pro rata share of any of the Company’s undistributed profits, subject to the Members’ and the Shareholders’ obligations to return distributions under the Act.
For purposes of the foregoing, the Operating Manager may determine that an equitable method of allocation includes, without limitation, an allocation (i) pro rata based on the relative differences between amounts allocated to the Capital Accounts and the aggregate amounts of tax items allocated to the relevant Shareholders or Members, or (ii) solely to the relevant Shareholders or Members with the greatest such differences (taking into account such allocations).
IRDAI/Reg/4/176/2021, dated the 22nd April, 2021, publishing the Insurance Regulatory and Development Authority of India (Manner of Assessment of Compensation to Shareholders or Members on Amalgamation) Regulations, 2021.
In addition, within fourteen (14) days of execution of this Agreement, each Seller shall obtain from its Shareholders or Members (as the case may be) and its Board of Directors or managing power written consents to and resolutions approving of the sale contemplated in this Agreement, and shall promptly provide copies of such consents and resolutions to Buyer.
The Shareholders or Members shall be entitled to modify the Standard Articles to conform to the requirements for a Special Purpose Company or Holding Company as applicable to reflect their respective activities.Following any amendment of its Articles of Association, a Special Company shall file its amended Articles of Association with the CRO within twenty one days of the amendment.
The Section 151 Officer welcomed the helpful comments and stated that the company doesn't have a typical setup whereby the Shareholders (or Members) would carry the financial risks, the financial liability for the Lancashire Enterprise Partnership lies with the Accountable Body who therefore have a responsibility to protect their interests and those of taxpayers.
The objective of the analysis was to better understand time to adoption: how long it takes, how Virginia compares to other states, how much timeliness varies across localities, and the factors that may influence timeliness.
In the event of a Breach by the Seller, Xxxxxxx Properties, Shareholders or Members of any covenant set forth in this Section 6.21, the duration of such covenant shall be extended by the period of the duration of such Breach.
Notwithstanding anything contained herein to the contrary, the failure of the LLC to observe any formalities or requirements relating to the exercise of its powers or management of its business and affairs under this Agreement or the Delaware Act shall not be grounds for imposing personal liability on any of the Shareholders or Members (including the Managing Member) for liabilities of the LLC.
In addition, the following documents must be submitted: ( Non Mandatory) tenderers shall submit certified copies of CIPC registration documents; Certified Identity Document(s) of Company Shareholders or Members; Certified copy of Shareholders certificate [for Pty (Ltd) entities].