Substitute Members definition

Substitute Members means those Persons admitted as Members in accordance with Section 9.4.
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Substitute Members mean any Person admitted to the Company as a Substitute Member pursuant to Section 9.5. ​
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Substitute Members means and refer to that Person or those Persons admitted to the Company as a Member, in accordance with the provisions of Article XII hereof and so reflected in Exhibit A.
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Examples of Substitute Members in a sentence

  • The Company shall not be dissolved by the admission of Substitute Members or Additional Members.

  • An Involuntary Transferee shall not be deemed a Member until such time if ever, that they seek admission and are approved as a Substitute Member(s).

  • Persons who become Substitute Members pursuant to Article 11.5 need not comply with clause (i) of the preceding sentence.

  • The Company shall not be dissolved by the admission of Additional Members or Substitute Members in accordance with the terms of this Agreement.

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  • Alternate or Substitute Members 2.1 Each Council will be entitled to appoint one named alternate or substitute member who may act in all aspects as a voting member of the HGB in the absence of the voting member appointed.

  • Substitute Members will have all the powers and duties of any ordinary Members of the Committee but will not be able to exercise any special powers or duties exercisable by the person they are substituting.

  • Except as otherwise expressly provided herein, this Agreement shall be binding on and inure to the benefit of the Members, their heirs, executors, administrators, successors and all other Persons hereafter holding, having or receiving an interest in the Company, whether as Assignees, Substitute Members or otherwise.

  • When any Units or other Equity Securities of the Company are issued, repurchased, redeemed, converted or Transferred in accordance with this Agreement, the Member Schedule shall be amended by the Managing Member to reflect such issuance, repurchase, redemption or Transfer, the admission of Additional Members or Substitute Members and the resulting Percentage Interest of each Member.

  • Persons who become Substitute Members pursuant to Section 11.2(b) need not comply with clause (i) of the preceding sentence.


More Definitions of Substitute Members

Substitute Members means those Persons admitted as Members in accordance with Section 8.5. "Tax Distribution Amount" means: (a) for any Member other than a Tax-Exempt Member, the amount of the Company's actual pre-tax Profit for the fiscal year as recorded on the Company's regulatory books of account. (1) multiplied by such Member's Percentage Interest; (2) with the product arrived at in (1) multiplied further by the Tax Liability Factor.
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Related to Substitute Members

  • Substitute Member means a Person who is admitted as a Member of the Company pursuant to Section 2.7 as a result of a Transfer of Shares to such Person.

  • Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3.

  • Additional Members means those Members, if any, admitted to the Company after the Effective Date.

  • New Members As Defined By the Public Employees’ Pension Reform Act of 2013 (PEPRA)

  • Initial Members means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Member” means any of the Initial Members.

  • Original member of this retirement system means:

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Panel Member ’ means a member of a panel;

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • Additional Member has the meaning set forth in Section 12.02.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • General Member means a party, and that party’s Affiliates, that has executed this Project Charter at the General Member level, unless that General Member has withdrawn or been terminated from the Project, or has changed membership level.

  • Associate Members means the individuals or firms which have agreed to Joint Venture in connection with the Project;

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Tribal Member means an enrolled member of the Tribe.

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • Founding Members means the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.

  • Class B Members means the Members holding Class B Units.

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • Structural member means any load-supporting member of a facility, such as beams and load-supporting walls, or any nonload-supporting member, such as ceilings and nonload-supporting walls.

  • Class A Members means those Members who have purchased Class A Interests.