Withdrawing Member definition

Withdrawing Member has the meaning set forth in Section 9.2(d).

Withdrawing Member has the meaning set forth in Section 15.1.J(3)(c) hereof.

Withdrawing Member shall have the meaning given that term in Section 12.2(d).

Examples of Withdrawing Member in a sentence

• The Withdrawing Member shall the right to share in the Company’s income, gain, losses, deductions, credit or similar items, and to receive distributions from the Company, but not the right to access Company business information or to participate in the Company management, except as required by law.

• The Withdrawing Member shall not be entitled to a return of the Member’s capital, and may not withdraw contracts or personal guarantees that (s)he may have given.

• For purposes hereof, the fair market value of a Membership Interest and the nature of the assets to be received will be determined by agreement between a Majority in Membership Interests and the Withdrawing Member.

• Within fifteen (15) days after demand by either one or the other, the Company and the Withdrawing Member shall each appoint an appraiser to determine the value of the equity of the Company’s Assets.

• The Withdrawing Member agrees to offer employment to those employees who were transferred to the Authority when the Withdrawing Member became a Member and/or terminated by the Authority as a result of the withdrawal, before the Withdrawing Member employs any additional personnel.

More Definitions of Withdrawing Member

Withdrawing Member has the meaning ascribed thereto in Section 3.2.1(b).

Withdrawing Member shall have the meaning set forth in Section 8.5(a) hereof.

Withdrawing Member means a Member that has given notice of its intent to withdraw from the Agreement pursuant to Section 11.1.

Withdrawing Member shall have the meaning set forth in Section 4.1(e).

Withdrawing Member. As defined in Section 11.2.

Withdrawing Member is defined in Section 9.9(b) hereof.

Withdrawing Member has the meaning set forth in Section 9.1(a).