Member Units definition

Member Units has the meaning set forth in the Operating Agreement. ------------
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Member Units means the Managing Member Units and the Non-managing Member Units.
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Member Units means any Units held, from time to time, by any Member and any options or subscription warrants exercisable therefor.
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Examples of Member Units in a sentence

  • An Executive Board is hereby established to consider, adopt and amend from time to time as needed rules, procedures, by-laws and any other matters deemed necessary by the Member Units.

  • A President and Vice President shall be elected from the representatives of the Member Units and shall serve without compensation.

  • Upon request, Member Units shall provide such evidence as herein provided to the MABAS members.

  • The Member Units hereby authorize and direct their respective Fire Chief or his designee to take necessary and proper action to render and/or request mutual aid from the other Member Units in accordance with the policies and procedures established and maintained by the MABAS Member Units.

  • Rules, procedures and by laws of the MABAS shall be established by the Member Units via the Executive Board as deemed necessary from time to time for the purpose of administrative functions, the exchange of information and the common welfare of the MABAS.


More Definitions of Member Units

Member Units means, with respect to any Member, all Units Beneficially Owned by such Member, any Member of such Member's Member Group or any Affiliate of any of the foregoing persons, other than (i) Company Units and (ii) GP Units.
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Member Units means units of the Member, which units represent interests in the profits, losses and distributions of the Member.
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Member Units means a "Member Unit" as defined in Section 2(g) of the Yuba Act.
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Member Units the limited liability company units representing equity interests in Holdings, initially to be issued to the Reid Xxxent, Vestar and the Suiza Parent at the Closing, pursuant to the Holdings LLC Agreement.
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Member Units the equity interests into which the equity of the Company is divided.
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Member Units means mathematical units of ownership evidencing the Member ------------ Interests in the Company. As of the Closing Date, 8,825 Member Units shall be held by the Members and an additional 1,175 Member Units shall be issuable upon the exercise of the Xxxxxxx Option Rights, all as more fully set forth in Section 4.2. -----------
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Member Units means, collectively, the ERP Units and the AVB Units.
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