Membership Shares definition

Membership Shares means the interests in the Company held by the Members, expressed as a number of shares held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

Membership Shares means the voting equity shares issued by Co-op to the members of Co- op. - 6 -

Membership Shares means the Membership Shares of the Co-operative;

Examples of Membership Shares in a sentence

• Currently, 2.58% of IBRD Share Votes derive from the Membership Shares (almost all members subscribed to these Membership Shares).

• As at the date of this Offering Statement, Urbana holds 1,759,299 Class E Preference Shares or approximately 15.4% of the issued and outstanding Class E Preference Shares, along with five Membership Shares which entitles it to one vote at all meetings of members.

• All prospective purchasers of Membership Shares must: (a) currently hold or must purchase a minimum of 5,000 Class E Preference Shares; and (b) subject to the approval of the Board of Directors, be admitted into membership of the Co-operative.

• Prospective members must purchase a minimum of five Membership Shares and 5,000 Class E Preference Shares.

• In 1979, each member was also allowed to subscribe to an additional 250 shares of IBRD stock (Membership Shares), simulating the effect of an increase in Basic Votes.

More Definitions of Membership Shares

Membership Shares means Class "A" shares in the Credit Union;

Membership Shares. For purposes of this Agreement, a Member's aggregate "Membership Shares" shall include the entire ownership interest of a Member in the Company at any time, including (a) the rights of such Member to any and all benefits to which a Member may be entitled as provided in this Agreement, together with the obligations of such Member to comply with all the terms and provisions of this Agreement, (b) all income, profits, Available Net Cash, fees or payments of whatever nature and all distributions to which any Member would be entitled, now or at any time hereafter, of whatsoever description or character; and (c) all of any Member's present and future rights to and in its Capital Account, whether by way of liquidating distributions or otherwise, and all of such Member's right to receive or share in any surplus of the Company in the event of the dissolution of the Company.

Membership Shares shall include the entire ownership interest of a Member in the Company at any time, including (a) the rights of such Member to any and all benefits to which a Member may be entitled as provided in this Agreement, together with the obligations of such Member to comply with all the terms and provisions of this Agreement, (b) all income, profits, Available Net Cash, fees or payments of whatever nature and all distributions to which any Member would be entitled, now or at any time hereafter, of whatsoever description or character; and (c) all of any Member's present and future rights to and in its Capital Account, whether by way of liquidating distributions or otherwise, and all of such Member's right to receive or share in any surplus of the Company in the event of the dissolution of the Company.

Membership Shares means the Membership Shares referred to in clause 2.4 (a); ‘Nominations Committee’ means the committee referred to in clause 63A. 'Office' means the Company's registered office;

Membership Shares means the shares of a distinct class of equity shares that, under section 44 (2) or (3), are the membership shares in a credit union;

Membership Shares means a fee paid to the credit union to be a member. The fee is held by the credit union and may be invested by the credit union. The fee must be set in the bylaws of the credit union.

Membership Shares of each Member shall mean the Member’s unassigned Membership Interest (as defined in Paragraph 2.6 above) multiplied by 100. For example, a Member owning a 34% Membership Interest shall own 34 shares. These shares shall be recorded in the Company’s books but need not be evidenced by a formal certificate of ownership. Any unauthorized transfer, sale, pledge, assignment, charge, foreclosure or attachment of a Membership interest shall not affect a Member’s shares. Notwithstanding anything herein to the contrary, no assignee, successor-in-interest, creditor, purchaser or mortgagee of any Member shall have any voting rights in this Company unless he is formally admitted as a Member by the unanimous vote of all Members as described in Article 11 herein.