Transocean Member definition

Transocean Member means Transocean Partners Holdings Limited, a Cayman Islands exempted company, and any successor or permitted assign that is admitted to the Company as the Transocean Member (except as the context otherwise requires). For the avoidance of doubt, such Person shall be the Transocean Member solely with respect to the Transocean Member Interest and shall be a Non-Transocean Member with respect to any Non-Transocean Member Interests of such Person.
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Transocean Member has the meaning set forth in the Company LLC Agreement.
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Examples of Transocean Member in a sentence

  • Tissa Liyanage (Transport and Highway Engineer), together with Mr. K.

  • After the Closing Date and prior to the 2015 Annual Meeting, (i) such Elected Directors may elect an additional Elected Director and (ii) the Transocean Member may appoint three additional directors as Appointed Directors; provided, that the number of Elected Directors must, immediately after such appointment, exceed the number of Appointed Directors.

  • Neither the Transocean Member (except as otherwise expressly provided in this Agreement) nor any Non-Transocean Member shall have any management power over the business and affairs of the Company.

  • Upon the required approval by the Board of Directors, the Transocean Member and the Unitholders of a Merger Agreement or Plan of Conversion, as the case may be, a certificate of merger or conversion, as applicable, shall be executed and filed in conformity with the requirements of the Xxxxxxxx Islands Act.

  • The Initial Transocean Member has caused the Certificate of Formation to be filed with the Registrar of Corporations of the Xxxxxxxx Islands as required by the Xxxxxxxx Islands Act.

  • Upon the issuance by the Company of Common Units, Subordinated Units and Incentive Distribution Rights to the Transocean Member and the Underwriters as described in Sections 5.1 and 5.2, the Board of Directors shall admit such parties to the Company as Initial Non-Transocean Members in respect of the Common Units, Subordinated Units or Incentive Distribution Rights issued to them.

  • The Transocean Member or any Affiliate of the Transocean Member may purchase or otherwise acquire and sell or otherwise dispose of Membership Interests for its own account, subject to the provisions of Articles IV and X.

  • The Transocean Member shall not be a “manager” as defined in the Xxxxxxxx Islands Act.

  • Any such action by such holders or the Board of Directors for removal of the Transocean Member must also provide for the election of a successor Transocean Member by a Unit Majority.

  • The Transocean Member shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Company to enable it to effectuate, the return of the Capital Contributions of the Non-Transocean Members or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Company assets.

Related to Transocean Member

  • Plan Member means each Member any of the assets of which are subject to any Plan Governing Law.

  • Common Member means a Member holding Common Units.

  • Association Member means an owner or a member of an association.

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Employee Member means a member of the “Bargaining Unit”.

  • Member Company means a “service recipient” as defined in Treasury Regulation § 1.409A-1(h)(3).

  • Scheme Member means an Eligible Person who is included in the Scheme as per the Scheme rules as member of that Scheme.

  • Council Member means a member of the Council;

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • non-member means a person (national or overseas) who is not a member of the Teaching Service e.g. new graduate, new overseas recruit, resigned teacher etc..

  • Bank Member means Standard Chartered PLC or any of its Affiliates and "Group" means all Bank Members.

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Member means a member of the Board;

  • Unit Holder means the owner of one or more Units.

  • Shareholder Group means (i) Shareholder and (ii) any Affiliate or Shareholder Family Entity (as defined in the Shareholder's Agreement) of Shareholder (other than the Company).

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

  • Equity Member means each member of the Respondent team that will contribute equity as part of the financing of the Project.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.

  • Panel Member ’ means a member of a panel;

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.