Defaulting Member the meaning set forth in Section 3.2(a).
Defaulting Member shall have the meaning provided in Section 5.2(b).
Defaulting Member has the meaning set forth in Section 4.4(a).
Examples of Defaulting Member in a sentence
The Tax Matters Representative shall resign if it is a Defaulting Member or if it is no longer a Member.
More Definitions of Defaulting Member
Defaulting Member has the meaning set forth in Section 13.1 hereof.
Defaulting Member is defined in Section 7.01.
Defaulting Member is defined in Section 3.3.
Defaulting Member has the meaning set forth in Section 9.1.
Defaulting Member shall have the meaning ascribed to such term in Section 9.1.
Defaulting Member means a Member who fails to make any portion of its Capital Contribution, including any Additional Capital Contribution the Member has elected to make within the time period permitted hereunder. Disassociation shall mean an action of the Manager to remove a Member’s right to participate in management (i.e., removal of its voting Interest) for cause (per Article 12.1) or by operation of law (per Article 12.2).