Departing Member definition

Departing Member as used herein, will mean a Company that is no longer permitted under the Code to be included in the consolidated federal income tax return.

Departing Member has the meaning specified in Section 9.1 of this Agreement.

Departing Member and "Transferor" shall include the Person(s) to whom the Member Interest was so transferred and the "Buyback Interest" shall include the Member Interest held by such Person.

Examples of Departing Member in a sentence

• Departing Member Agencies will pay for five (5) years’ worth of their estimated fixed Base Costs.

• Upon the closing and such deliveries, the Departing Member shall transfer to the Company such Departing Member’s Membership Interest free and clear of any liens, charges or other encumbrances and shall deliver to the Company the resignation of such Departing Member’s nominees, if any, as member of the Managing Committee.

• Any Member or Departing Member whose interest in the Company is sold pursuant to Article VII is not relieved thereby of any liability he or she may owe the Company.

• It who also important outside Counsel must realize that illicit interest of Departing Member on not necessarily align with the fright of Remaining Members when choosing between unless and redemption.

More Definitions of Departing Member

Departing Member shall have the meaning specified in paragraph 10(a) hereof.

Departing Member as used in paragraph 11, shall mean the TAP Subgroup at the time when it is no longer includible in the Citigroup Affiliated Group.

Departing Member means any Member whose conduct results in a Dissolution Event or who withdraws from the Company in accordance with Section 4.3, where such withdrawal does not result in dissolution of the Company.

Departing Member means a Company that is no longer permitted under the Code or applicable state or local law to be included in the consolidated Federal Return, a State Return, or Other Return with the other Company. The parties contemplate that IDGB will become a Departing Member as to Federal Returns and most State and Other Returns on the Separation Date and may become a Departing Member as to Continuing Non-Federal Returns at some time in the future.

Departing Member has the meaning set forth in Section 8.05(d).

Departing Member means Xxxxxxx X. XxXxxxx.

Departing Member means a Belvedere Member (or the duly and validly appointed representative of such Member in any instance wherein the Belvedere Member is deemed by a court of competent jurisdiction not to have the physical or mental capacity to act on his own behalf) whose employment terminated due to such Member’s Disability, or the estate of a deceased Belvedere Member whose employment terminated due to such Belvedere Member’s death.