Examples of Transfer Member in a sentence
The Transfer Member agrees, and the Non-Transfer Member agrees to cause the Subject Subsidiary, to use commercially reasonable efforts to cause any applicable conditions precedent to be satisfied as expeditiously as possible.
Every Charter Member or Charter Transfer Member shall have the right to transfer his or her membership, provided that the new Charter Member shall meet the admission requirements of the UICC underSection 6.1.1 and qualify as an “Active Member” in the same manner as any other new Member under Section 6.1.2 of these Bylaws.
The Non-Transfer Member shall have 30 days following delivery of the Transfer Notice during which to notify the Transfer Member whether or not it desires to exercise such right of first offer.
The Transfer Member agrees, and the applicable Non-Transfer Member agrees to cause the Subject Subsidiary, to use commercially reasonable efforts to cause any applicable conditions precedent to be satisfied as expeditiously as possible.
Except for a Permitted Transfer, Member may not assign, sell, sublease, pledge, mortgage or otherwise transfer (a “Transfer”) any Membership.
Each Non-Transfer Member shall have thirty (30) days following delivery of the Transfer Notice to notify the Transfer Member and all other Non-Transfer Members whether or not it desires to exercise such right of first offer to purchase the Subject Equity Interest.
If the Transfer Member does not Transfer the Transferor Interest within the Free Transfer Period, Transfer Member’s right to Transfer the Transferor Interest shall be subject to this Section for any future Transfer.
The Acceptance Notice shall state (i) the amount of Transfer Interests that the Remaining Member will purchase and (ii) evidence (reasonably satisfactory to the Transfer Member) that such election to purchase is either fully financed or subject to a bona fide third party commitment (subject only to customary "market out" and funding conditions) to finance such purchase.
If the Transfer Member or NRHH wishes to question the decision of the Assistant Director for the National Residence Hall Honorary, an appeal may be made to the NACURH National Board.
At any time during the Offer Period, the Remaining Member may accept the offer by notifying the Transfer Member in writing that the Remaining Member intends to purchase all, but not less than all, of the Transferor Interest.