Examples of the Members in a sentence
The Members agree to indemnify and defend the Company, including the other Members, the Manager and each of their respective employees, agents, partners, shareholders, officers, and directors; and hold them harmless from and against any and all claims, liabilities, damages, costs, and expenses arising out of any fraud, gross negligence, willful or wanton misconduct or a breach of this Agreement by that Member.
The Members shall determine and distribute available funds annually or at more frequent intervals as they see fit.
The Members holding (Check one) ☐ 100% ☐ at least 75% ☐ at least 67% ☐ more than 50% of the Voting Capital in the Company represented in person, by telephonic participation, or by proxy, shall constitute a quorum at any meeting of the Voting Members.
The Members initially shall contribute capital as described in Exhibit 1 as a condition of the issuance of the respective Units indicated in Exhibit 1.
The Members are not entitled to interest or other compensation on their capital contributions except as expressly provided in this Agreement.