Defaulting Member. The term “
Defaulting Member. (a) Except as expressly provided in the Delaware Act, whenever the vote, consent or decision of a Member or of the Members is required or permitted pursuant to this Agreement, any Defaulting Member shall not be entitled to participate in such vote or consent, or to make such decision, and such vote, consent or decision shall be tabulated or made as if such Defaulting Member were not a Member.
Defaulting Member. A Member who fails to pay all amounts then due from that Member under this Agreement.
Defaulting Member. The failure of a Member to make any Required Additional Capital Contribution or Requested Additional Capital Contribution (a “Defaulting Member”), in accordance with the provisions of this Agreement and as set forth in the applicable notice to such Member, shall give the non-defaulting Member (the “Non-Defaulting Member”) the right (but not the obligation) to make a Failed Contribution Company Loan as described in and in accordance with Section 3.3. In the event that a Member fails to make any Required Additional Capital Contribution pursuant to Section 3.2(a)(i)-(v), the Company may pursue and enforce all rights and remedies the Company may have against such Defaulting Member with respect thereto, including commencing a lawsuit to collect the overdue amount and any other amount due to the Company with interest calculated thereon at a rate equal to the Base Rate plus five percentage points per annum (computed on the basis of a 360-day year and actual days elapsed, compounded monthly on the first day of each calendar month). The failure of a Member to make a Requested Additional Capital Contribution pursuant to Section 3.2(b) or a Required Additional Capital Contribution pursuant to Section 3.2(a)(vi) or (vii) shall not constitute a default or breach by the Defaulting Member under this Agreement.
Defaulting Member. This term shall have the meaning ascribed to it in Paragraph 5.4(a).
Defaulting Member. Defaulting Member has the meaning set forth in Section 4.3(b).
Defaulting Member. (a) If any Member fails to contribute, in a timely manner, any portion of the Capital Commitment required to be contributed by such Member pursuant to this Agreement and such failure continues for five (5) Business Days after delivery by the Appropriate Officer to such Member of notice of such failure, then such Member shall be deemed a "Defaulting Member," and this Section 7.5 shall apply. An Appropriate Officer shall deliver to each non-Defaulting Member written notice of such default as promptly as practicable after its occurrence.
Defaulting Member. Notwithstanding anything to the contrary in this Article 7, if the Percentage Interest of a Defaulting Member is less than ten percent (10.0 %), the business of the Members Committee, including the scheduling of meetings and the taking of action, shall be conducted or determined solely by the Representatives designated by the non-Defaulting Member and the presence of or participation of the Representatives designated by the Defaulting Member shall not be required, including for decisions that require unanimous approval, other than actions described in Section 7.9(a) hereof. Execution Copy Northern Pass LLC Operating Agreement
Defaulting Member. Defaulting Member has the meaning set forth in Section 4.3(b). OPERATING AGREEMENT OF CARDONE EQUAL OPPORTUNITY FUND 2, LLC
