Valero Member definition

Valero Member means Diamond Alternative Energy, LLC, a Delaware limited liability company, and any successor or assign of its Units that is admitted as a Member and designated as the Valero Member on Schedule A.
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Examples of Valero Member in a sentence

  • Such meetings may be called at any time by (i) the Darling Member, (ii) the Valero Member, (iii) a majority of the Managers or (iv) the holders of not less than a majority of the Units then-outstanding that are entitled to vote on the matter(s) to be considered.

  • No Member Officer shall receive any stated salary from the Company or any of its Subsidiaries for his or her services as an Officer unless approved in writing by the Valero Member and the Darling Member.

  • The Members expressly acknowledge and agree that any damages to the other Member or the Company as a result of a failure of the Darling Member or the Valero Member to observe the terms of this Section 5.4(a) will not include (i) any costs incurred by or allocated to the Company or a Member with respect to time spent by employees of the Company or a Member or any of their respective Affiliates or (ii) any treble, exemplary or punitive damages or any other damages that do not flow directly from such failure.

  • The Mediation shall be conducted before a single mediator to be agreed upon by the Darling Member and the Valero Member, or in the absence of an agreement, a single mediator admitted to practice law for 10 years or more who specializes in commercial litigation disputes, and appointed by JAMS.

  • Valero Member: The then current Chief Executive Officer of Valero Energy Corporation.

  • The Mediation shall take place in Houston, Texas and be administered by the Houston office of JAMS, unless otherwise agreed to in writing by the Darling Member and the Valero Member.

  • The administration fees and expenses of the Mediation shall be borne equally by the Darling Member and the Valero Member.

  • Concurrently with the execution of this Agreement, the Company, the Valero Member and the Frontier Member shall execute and deliver to each other the JV Agreement.

  • The Company agrees, and agrees to cause its Subsidiaries, to assign, effective as of the dissolution of the Company, to each of the Frontier Member and the Valero Member an undivided, one-half interest in and to all Company IP, free and clear of all liens, such that the Frontier Member and the Valero Member will each have an undivided one-half ownership interest in and to the Company IP.

  • The Valero Member’s right to delay Capital Contributions pursuant to this Section 10.9(a) shall continue for so long as the Valero Member has a reasonable expectation of the occurrence of the matters described in this Section 10.9(a), provided that no such delay shall continue for longer than two (2) years.