Successor Members definition

Successor Members have the meaning ascribed thereto in the Recitals of this Agreement.
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Successor Members means, collectively, Panda Interests LLC, a Virginia limited liability company (“Panda Interests LLC”), and Mercer Interests LLC, a Delaware limited liability company (“Mercer Interests LLC”), together with their respective permitted successors and assigns, each in its capacity as a Member. Each of the Successor Members is a Member.
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Examples of Successor Members in a sentence

  • The Members or Successor Members of the LLC may change the LLC’s principal place of business from time to time upon Board approval.

  • Such powers of appointment shall not be assignable, voluntarily or involuntarily, by either of the foregoing named Successor Members except as expressly provided in this Agreement.

  • The initial Capital Contribution of each of the Successor Members is set forth on Exhibit A.

  • The Company and Successor Members hereby ratify all such filings with the Secretary of State.

  • The foregoing powers of appointment granted to the Successor Members are personal in nature and shall not be included in or otherwise be considered a part of the Company Interests and/or Participation Interests of either of the foregoing named Successor Members.