Common use of Independent Member Clause in Contracts

Independent Member. Upon Notice from Landlord, Tenant shall have an Independent Member (who shall be a non-equity member) at all times, or if the Independent Member has withdrawn, Tenant shall not take any action which may not be taken pursuant to the organizational documents of Tenant without the consent of the Independent Member until such time as a replacement Independent Member has been admitted to Tenant.

Appears in 5 contracts

Samples: Lease Agreement (Host Marriott Corp/), Lease Agreement (HMC Merger Corp), Lease Agreement (HMC Merger Corp)

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