Joint Members Clause Samples

Joint Members. Membership Interests held jointly by more than one Person, whether held as joint tenants, tenants in common or otherwise shall be voted by anyone of the joint Members and, if there is a disagreement between the joint Members, according to such instructions as previously given to the Company, provided such instructions are in writing and signed by all of the joint Members. Absent such instructions, in the event of a disagreement, the joint Members will vote the jointly held Membership Interests proportionately.

Joint Members. 22 4.6.4 Members in Good Standing . . . . . . . . . . . . . . . 23 4.7 Obligations on Suspension, Withdrawal or Termination. . . . .

Joint Members. Any Joint Member may withdraw from membership by providing written notice to the Secretary of the Executive Committee of its intent to terminate membership, and may be terminated or suspended as a Member in accordance with the provisions of this Restated Agreement. Designating Entities shall be subject to the withdrawal, suspension and termination provisions applicable to Members. Unless a Designating Entity for a withdrawing or terminated Joint Member designates another entity as its Joint Member, such Designating Entity shall become an individual Member.

Joint Members. Any entity desiring to become a Joint Member shall submit a written application to the Secretary of the Executive Committee demonstrating (a) its eligibility for such status, (b) that each of its Designating Entities is eligible to be a Designating Entity and has designated it as a Joint Member on its behalf, and (c) the willingness of the Joint Member and each of its Designating Entities to be bound by all applicable provisions of this Restated Agreement. A Joint Member shall promptly notify the Executive Committee in writing of any changes in its Designating Entities, such notification to demonstrate that any added Designating Entity is eligible to be a Designating Entity and has designated the Joint Member to serve as the Joint Member on its behalf.

Joint Members. In the event a single Membership Interest is held by two individuals who are at the time married to each other or is held as community property, the following shall apply. (a) Either but not both individuals may vote or act for the two on any matter requiring Member action, and conflicting votes or acts shall render both votes or actions null and void and the votes of such Membership Interest shall not be required to effect any such action. Notice to one is notice to both and the signature or consent of one is sufficient to bind the other. Reference to a Member shall include his or her spouse or Domestic Partner. (b) The obligations arising out of the Membership Interest shall be joint and several as to the two individuals. (c) Any withdrawal as a Member by either individual shall constitute a withdrawal as a Member as to both. (d) Upon dissolution of the marriage of any such individual, and except as provided otherwise by court decree or settlement agreement, if the individual who regularly votes and acts on behalf of the marital community for purposes of the Company receives the Membership Interest, that person shall remain a Member. However, if the spouse or Domestic Partner receiving the Membership Interest has not previously casted a vote or otherwise acted on behalf of the marital community with regard to the community’s Membership Interest, the transfer to such spouse or Domestic Partner will be deemed to be an Involuntary Transfer and shall be subject to the Call Option outlined in Section 10.5 of this Agreement. If the other Members fail to exercise their Call Option, the spouse or Domestic Partner will be a Transferee and only retain Economic Rights in the Company. In the event that each spouse or Domestic Partner individually holds Membership Interest who are at the time married to each other, then each spouse or Domestic Partner shall have the rights of a Member as described in the Agreement, and each will be treated as a Member pursuant to this Agreement.

Joint Members. 20 4.6 Withdrawal, Suspension or Termination . . . . . . . . . . . . 21 4.6.1 Withdrawal . . . . . . . . . . . . . . . . . . . . . . 21 4.6.2 Suspension or Termination. . . . . . . . . . . . . . . 21 4.6.3

Joint Members. FOR THE EMPLOYER: FOR THE UNION: Coach Lines and Collective Agreement April Transportation Systems March Page of And Local The Company and Union agree to co-operate in required housekeeping changes to the renewed collective agreement. A. A. Lines Coach Lines and TransportationSystems Page of And Local Collective Agreement April March BUS LINES COACH LINES AND TRANSPORTATION SYSTEMS

Joint Members. Person who jointly own or purchase a unit in the condominium of which the Corporation is a declarant or persons who jointly enter into an agreement of purchase and sale with the Corporation shall be considered joint members and entitled to only vote. For greater clarity each unit in the condominium shall be entitled to only one vote i.e. one vote per unit.