Unsuitable Member definition

Unsuitable Member has the meaning set forth in Section 11.2(c).
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Unsuitable Member has the meaning given to such term in Section 9.4.
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Unsuitable Member has the meaning set forth in Section 7.6(d).
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Examples of Unsuitable Member in a sentence

  • The Unsuitable Member shall surrender any certificates representing the Percentage Interests to be redeemed in accordance with the requirements of the Redemption Notice.

  • From and after the Redemption Date, such Percentage Interests shall no longer be deemed to be outstanding, such Unsuitable Member shall cease to be a Member, and all rights of the Unsuitable Member herein, other than the right to receive the Redemption Price, shall cease.

  • If a Gaming Authority requires the Company, or the Majority in Interest deems it necessary or advisable, to redeem any Percentage Interests, the Company shall give a Redemption Notice to the Unsuitable Member and shall purchase the Percentage Interests on the Redemption Date.

  • From and after the Redemption Date, such Membership Interests shall no longer be deemed to be outstanding, such Unsuitable Member shall cease to be a Member, and all rights of the Unsuitable Member herein, other than the right to receive the Redemption Price, shall cease.

  • The Unsuitable Member shall surrender any certificates representing the Membership Interests to be redeemed in accordance with the requirements of the Redemption Notice.

  • If a Gaming Authority requires the Company, or the Board deems it necessary or advisable, to redeem any Membership Interests, the Company shall give a Redemption Notice to the Unsuitable Member and shall purchase the Membership Interests on the Redemption Date.

  • The purchase price to be paid by the Company to an Unsuitable Member may be paid, at the option of the Company, in cash or a promissory note with principal and interest payable annually and amortized over not more than seven (7) years and bearing interest at a rate per annum equal to the sum of the prime lending rate published by the Wall Street Journal at the date of redemption plus two percent (2%).

  • No Unsuitable Member shall be entitled to any compensation from PGP, any direct or indirect subsidiary of PGP, or any member of PGP or the Company, by reason of the redemption or repurchase of such Preferred Membership Interest.

  • If any Class A Member is found to be unsuitable by any Gaming Authorities, then such Class A Member or the Unsuitable Member in Voteco, as applicable, shall dispose of its interest in the Company pursuant to the applicable provisions of any Gaming Laws and orders or rulings of any Gaming Authorities.

  • In the event such transfer does not occur or the Licensing Problem is not eliminated within the Cure Period, the Unsuitable Member shall immediately convey its Ownership Interest under this Agreement to the other Member or an Affiliate designated by the other Member for an amount and upon terms mutually agreed to by the parties.


More Definitions of Unsuitable Member

Unsuitable Member has the meaning set forth in Section 21(b).
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Related to Unsuitable Member

  • Eligible Member means an employee who is enrolled in one of the designated benefits plans for which you offer participation in the wellness incentive program prior to the end of the first six months of the policy year and who remains enrolled in one of the designated benefits plans at the end of the policy year. Eligible Member also means the employee’s dependents to the extent that dependents are eligible to participate in the Blue Cross and Blue Shield wellness incentive program.) To qualify for a group wellness incentive award, you must meet the following program participation conditions: • You are a group eligible to offer the program as determined by Blue Cross and Blue Shield; and • You elect to offer the Blue Cross and Blue Shield wellness incentive program to your Members who are eligible to participate in the program at the start of your policy year and you continue the program for eligible Members through the end of the policy year; and • At least 20% of your Members who are eligible for the program must participate in the program during the policy year in which you offer the wellness incentive program; and • This Agreement is not be terminated before the end of the policy year in which you offer the wellness incentive program. When you offer a Blue Cross and Blue Shield wellness incentive program, Blue Cross and Blue Shield will determine if you qualify for a group incentive award within 90 days after the end of the policy year. Your group wellness incentive award will be calculated as a percentage of the total medical insurance premium you paid for the policy year for benefits plans for which you offer wellness incentive program participation, excluding any premium payments that are received by Blue Cross and Blue Shield after the end of the policy year. The percentage used to calculate your wellness incentive award will vary depending on how many of your eligible Members participate in the program during the policy year as follows: 1.25% when 20% to 49% of eligible Members participate; or 2.5% when 50% to 79% of eligible Members participate; or 7.5% when 80% to 100% of eligible Members participate. For the purpose of calculating your group wellness incentive award, an eligible Member who earns his or her individual maximum member wellness incentive payment in the policy year is considered to have participated in the program for that policy year. If you qualify for a group incentive award, Blue Cross and Blue Shield will issue the incentive amount to you (by means of a credit and/or a check) once the incentive amount has been calculated. You are solely responsible for determining whether you have any obligation to distribute all or part of your group wellness incentive award to your employees, or to credit a portion of your group wellness incentive award toward their benefits, or otherwise to notify them of your group wellness incentive award. You agree to indemnify and hold Blue Cross and Blue Shield harmless from any and all actions that may be brought against you or Blue Cross and Blue Shield due to your failure to provide any required distribution of, credit, or notification about, your group wellness incentive award to your employees.

  • Active member means a member of the pension program or the individual account program

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

  • Inactive member means a member of the pension program or the individual account pro-

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Bona fide member means an individual who participates in activities of a qualified organization

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

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Founding Member means any individual who is either:

  • Honorary Life Member means a Member who has been elected as such by the Board;

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Presiding Member means the presiding member of a committee or the deputy presiding member, or a member of the committee when performing a function of the presiding member in accordance with the Act;

  • Sole Member means the Person listed on Schedule A hereto, as amended from time-to-time, who owns the sole Membership Interest in the Company upon such terms and conditions as provided in this Agreement and under the Act.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Retired member means any former member receiving a retirement allowance or any former member who has filed the necessary documents for retirement benefits and is no longer contributing to the retirement system;

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

  • Covered service member means a member of the Armed Forces, including a member of the National Guard or Reserves, who is undergoing medical treatment, recuperation, or therapy, is otherwise in outpatient status, or is otherwise on the temporary disability retired list, for a serious injury or illness.

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

  • 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.

  • Alternate member means a person who is qualified under Iowa Code section 148.2A to substitute for a board member who is disqualified or becomes unavailable for any other reason for a contested case hearing. An alternate board member is deemed a member of the board only for the hearing panel(s) for which the alternate board member serves.

  • Military service member means a person who is serving in the armed forces of the United States or in an active reserve component of the armed forces of the United States, including the national guard.

  • General Partner means the Company or its successors as general partner of the Partnership.

  • Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Former Member means a member that has withdrawn from a qualified authority under this section or a prior member of a qualified authority that has been dissolved under this section.

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

  • General Partner Loan has the meaning provided in Section 5.2(c) hereof.