Withdrawing Members definition

Withdrawing Members has the meaning set forth in the Statement of Purpose.
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Withdrawing Members has the meaning set forth in Section 15.1.I hereof.
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Withdrawing Members has the meaning set forth in the recitals hereto.
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Examples of Withdrawing Members in a sentence

  • The amount of such proportion shall be agreed between the Board and a majority of the Withdrawing Members, or in the absence of such agreement within 30 days from the date of the last served Withdrawal Notice, determined by an Expert whose determination shall be final and binding on the Federation and the Withdrawing Members.

  • The initial term of the Company will be from the date of this Agreement and expiring on December 31, 2018, unless the Members approve by a vote of seventy-six percent (76%) of the then Members (excluding any Withdrawing Members) to continue the Company for an additional three year term.

  • The redemption of the Withdrawing Members Membership Interest shall include all of the Withdrawing Member’s Membership Interest.

  • Notwithstanding Section 6 below, at least annually, the District will provide a written progress report to the District Members, including Withdrawing Members.

  • Withdrawing Members shall pay their portion of any Shared Costs for which they are liable pursuant to this Agreement no later than sixty (60) days following the withdrawal notice from the Work Group.

  • Withdrawing Members do not receive a return of any assets or other resources conveyed to or bestowed upon the Association by such withdrawing Members.

  • Withdrawing Members are not entitled to a reimbursement of their contributions to the ACWL endowment fund and are obliged to pay for any services already provided to them by the ACWL (Article 11(4)).

  • Withdrawing Members or the withdrawing Member’s successor GSA shall be entitled to utilize the GSP for future implementation of SGMA within its GSA boundaries.

  • A Withdrawing Member will have no right to receive any distribution in liquidation of the Withdrawing Member's Units prior to the dissolution of the Company pursuant to Section 9.

  • An Unauthorized Withdrawing Member shall be obligated to the Benefits Pool for its withdrawing obligations as set forth in Section 9.3, Responsibilities of Withdrawing Members, below.


More Definitions of Withdrawing Members

Withdrawing Members has the meaning set forth in the Statement of Purpose. 1 Enter the date that is three months after the date of this agreement.
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Related to Withdrawing Members

  • Founding Members means those public school districts, cities, counties, and other governmental units that are signatories to the Joint Powers Agreement and have a voting member serving on the JPA's Board of Directors.

  • Remaining Members has the meaning set forth in Section 11.2.

  • Withdrawing or “Withdrawal” means the resignation of a Member from the Company as a Member. Such terms shall not include any Dispositions of Membership Interests (which are governed by Article IV), even though the Member making a Disposition may cease to be a Member as a result of such Disposition.

  • Participating member means an eligible employee who elects to participate in the defined contribution retirement plan established under this chapter.

  • Class A Members means those Members who have purchased Class A Interests.

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • Founding Member means any individual who is either:

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

  • Voting Members has the meaning set forth in Section 4.07(b).

  • Participating Class Members means all Class Members who do not submit valid

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

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

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

  • 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.

  • Voting Member means a Member holding one or more Voting Shares.

  • Participating Class Member means a Class Member who does not submit a valid and timely Request for Exclusion from the Settlement.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Continuing Member means a member of the Board of Directors of the Company who either (a) was a member of the Company's Board of Directors on the Effective Date and has been such continuously thereafter or (b) became a member of such Board of Directors after the Effective Date and whose election or nomination for election was approved by a vote of the majority of the Continuing Members then members of the Company's Board of Directors.

  • Purchasing Member has the meaning set forth in Section 9.2(c).

  • Members’ Percentage Interests means the ownership percentage interests as mentioned in Section I of this Agreement. During each fiscal year, the net profits and net losses of the Company (other than from capital transactions), and each item of income, gain, loss, deduction, or credit entering into the computation thereof, shall be credited or charged, as the case may be, to the capital accounts of each Member(s) in proportion to the Members' Percentage Interests. The net profits of the Company from capital transactions shall be allocated in the following order of priority: (a) to offset any negative balance in the capital accounts of the Member(s) in proportion to the amounts of the negative balance in their respective capital accounts, until all negative balances in the capital accounts have been eliminated; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The net losses of the Company from capital transactions shall be allocated in the following order of priority: (a) to the extent that the balance in the capital accounts of any Member(s) are in excess of their original contributions, to such Member(s) in proportion to the excess balances until all such excess balances have been reduced to zero; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The cash receipts of the Company shall be applied in the following order of priority: (a) to the payment of interest or amortization on any mortgages on the assets of the Company, amounts due on debts and liabilities of the Company other than those due to any Member(s), costs of the construction of the improvements to the assets of the Company and operating expenses of the Company; (b) to the payment of interest and establishment of cash reserves determined by the Member(s) to be necessary or appropriate, including without limitation, reserves for the operation of the Company’s business, construction, repairs, replacements, taxes and contingencies; and (d) to the repayment of any loans made to the Company by any Member(s). Thereafter, the cash receipts of the Company shall be distributed among the Member(s) as hereafter provided. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts of the Company, other than from capital transactions, shall be allocated among the Member(s) in proportion to the Members’ Percentage Interests. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts from capital transactions shall be allocated in the following order of priority: (a) to the Member(s) in proportion to their respective capital accounts until each Member(s) has received cash distributions equal to any positive balance in their capital account; then (b) to the Member(s) in proportion to the Members' Percentage Interests. It is the intention of the Member(s) that the allocations under this Agreement shall be deemed to have “substantial economic effect” within the meaning of Section 704 of the Internal Revenue Code and Treas. Reg. Section 1.704-1. Should the provisions of this Agreement be inconsistent with or in conflict with Section 704 of the Code or the Regulations thereunder, then Section 704 of the Code and the Regulations shall be deemed to override the contrary provisions thereof. If Section 704 of the Regulations at any time require that limited liability company operating agreements contain provisions which are not expressly set forth herein, such provisions shall be incorporated into this Agreement by reference and shall be deemed a part of this Agreement to the same extent as though they had been expressly set forth herein.

  • Non-Voting Member means a member of a Committee or Sub- Committee of the Council who is not a member of the Council and is not entitled to vote on any matter coming before that Committee or Sub- Committee;

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.

  • Class Members means all individuals in the Settlement Class, including the Class Representatives.

  • Panel Member ’ means a member of a panel;

  • Defaulting Member the meaning set forth in Section 3.2(a).

  • Non-Participating Class Member means any Class Member who opts out of the Settlement by sending the Administrator a valid and timely Request for Exclusion.