Obligation of Members Sample Clauses

Obligation of Members. The obligations of members of MACo PCT are as follows:
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Obligation of Members. The Members shall be jointly obligated to maintain, repair and plow Xxxxxxxx Xxxx so that it is safe and maintained in a good and reasonably passable condition at all times for travel by vehicles. In the event that any construction activity on an individual lot creates any damage to the road, then that individual lot owner shall be responsible for restoring the road to its original condition. Travel within Xxxxxxxx Xxxx shall not be hindered or obstructed. Parking within Xxxxxxxx Xxxx and the shoulders of its traveled way is prohibited.
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Obligation of Members. Each member agrees to abide by the terms and conditions set forth on both sides of this agreement and by the rules, regulations, and schedules of Brownsville Fitness Group, LLC, which may be posted at the facility or issued oral- ly, and which may be amended from time to time at the sole discretion of Brownsville Fitness Group, LLC. Brownsville Fitness Group, LLC may terminate the agreement if in the judgment of Brownsville Fitness Group, LLC a member consistently fails to ob- serve the rules and regulations, has otherwise behaved in a manner contrary to the best interests of Brownsville Fitness Group, LLC or any Brownsville Fitness Group, LLC members, member has instituted any legal action against Brownsville Fitness Group, LLC including but not limited to civil actions, arbitrations and/or mediations, and or Brownsville Fitness Group, LLC has instituted any type of legal action includ- ing but not limited to civil actions, arbitrations, and/or mediations against a member. Member and/or buyer shall not be relieved of the obligation to make payments as agreed to and no deduction from any payment shall be made because of member’s failure to use Brownsville Fitness Group, LLC facilities. Initiation Fee. There may be a one-time initiation fee which Member and/or Buyer shall be required to pay upon execution of the agreement and acceptance of these Terms and Conditions with Brownsville Fitness Group, LLC or as otherwise agreed to by Brownsville Fitness Group, LLC. This fee will change from time to time at Browns- ville Fitness’s discretion. This fee is nonrefundable. Resignation from Brownsville Fitness Group, LLC shall not terminates the obligation to pay the initiation fee in full. There will be no further initiation fee as long as the Membership has not terminated or expired. Dishonored Check or Credit Card. If any check, account debit, or credit card charge payable to Brownsville Fitness Group, LLC by Member and/or Buyer is returned, rejected or dishonored, Brownsville Fitness management, or any third party on its behalf , as applicable, shall, in each instance , to the extent permitted by law, (a) as- sess a charge equal to any charge imposed by the financial institution, any costs and expenses incurred in connection with collection, and (b) charge such other fees as may be permitted by applicable law. Limited Memberships. Memberships may be limited so that Members may have reasonable access to Brownsville Fitness Group, LLC facilities. It is to be expect...
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Obligation of Members. The specific obligations of each Member to the LLC are to be set forth in separate sub-contracting agreements between each Member and the LLC, which agreements are to be annexed to this Agreement as Exhibit 2.13.
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Obligation of Members. So long as this Agreement remains in effect, each and every present and future Member of Borrower agrees and covenants as follows:
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Obligation of Members. As required by the Department, the Fund and its Members, jointly and severally, agree to assume and discharge, by payment, any lawful awards entered by the Department against the Fund or any Member of the group, which awards shall have been sustained by the courts where an appeal by either party is taken. Each Member agrees to be bound by all of the terms of the Trust Agreement as amended from time to time and to abide by the Bylaws, policies, rules and regulations promulgated by the Trustees for the administration of the Trust, as amended from time to time, regardless of whether the Member’s Trustee or Alternate Trustee approved or disapproved of any of the terms, Bylaws, policies, rules or regulations. The binding effect on each Member of the terms, Bylaws, policies, rules and regulations shall include, but not be limited to, the following:
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Obligation of Members 
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Related to Obligation of Members

  • Termination of Membership You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share(s), if any, and closing all your accounts. You may be denied services for causing a loss to the Credit Union, or you may be expelled for any reason as allowed by applicable law.

  • CERTIFICATION OF MEMBERS The undersigned hereby agree, acknowledge, and certify that the foregoing Operating Agreement is adopted and approved by each Member. The agreement consisting of pages, constitutes, together with Exhibit 1, Exhibit 2, and Exhibit 3, the Operating Agreement of , adopted by the Members as of the day of , 20 . Members: Signature Printed Name Percent: % Signature Printed Name Percent: % Signature Printed Name Percent: % Signature Printed Name Percent: % Signature Printed Name Percent: % EXHIBIT 1 LISTING OF MANAGERS By a majority vote of the Members, the following Managers were elected to operate the Company pursuant to ARTICLE IV of the Agreement: Signature Printed Name Chief Executive Manager Address Signature Printed Name Title: Address The above listed Manager(s) will serve in their capacities until they are removed for any reason by a majority vote of the Members as defined by ARTICLE IV or upon their voluntary resignation. Signed and agreed this day of , 20 . Signature of Member Printed Name Signature of Member Printed Name Signature of Member Printed Name Signature of Member Printed Name EXHIBIT 2 LISTING OF MEMBERS As of the day of , 20 the following is a list of Members of the Company: Name Percent % Address Name Percent % Address Name Percent % Address Name Percent % Address Authorized by Member(s) to provide Member Listing as of this day of , 20 . Signature of Member Signature of Member Signature of Member Signature of Member EXHIBIT 3 CAPITAL CONTRIBUTIONS Pursuant to ARTICLE II, the Members' initial contribution to the Company capital is stated to be $ . The description and each individual portion of this initial contribution is as follows: $ $ $ $ $ $ $ $ $ SIGNED AND AGREED this day of , 20 . Member Member Member Member LLC Resolution to Open a Bank Account Account: Holder: Bank Name: Address:

  • Liability of Members The Members shall not have any liability for the obligations or liabilities of the Company except to the extent provided in the Act.

  • Rights of Members Except as otherwise provided in this Agreement, (a) each Member shall look solely to the assets of the Company for the return of its Capital Contribution, (b) no Member shall have the right or power to demand or receive property other than cash from the Company and (c) except as provided in this Agreement, no Member shall have priority over any other Member as to the return of its Capital Contributions, distributions or allocations.

  • Termination of Manager If (a) the amounts evidenced by the Note have been accelerated pursuant to Section 8.1(b) hereof, (b) the Manager shall become insolvent, (c) the Manager is in default under the terms of the Management Agreement beyond any applicable grace or cure period, or (d) Manager is not managing the Property in accordance with the management practices of nationally recognized management companies managing similar properties in locations comparable to those of the Property, then, in the case of (a), (b), (c) or (d), Borrower shall, at the request of Lender, terminate the Management Agreement and replace the Manager with a manager reasonably approved by Lender on terms and conditions reasonably satisfactory to Lender, it being understood and agreed that the management fee for such replacement manager shall not exceed then prevailing market rates. In addition and without limiting the rights of Lender hereunder or under any of the other Loan Documents, in the event that (i) the Management Agreement is terminated, (ii) the Manager no longer manages the Property, or (iii) a receiver, liquidator or trustee shall be appointed for Manager or if Manager shall be adjudicated a bankrupt or insolvent, or if any petition for bankruptcy, reorganization or arrangement pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by or against, consented to, or acquiesced in by, Manager, or if any proceeding for the dissolution or liquidation of Manager shall be instituted, then Borrower (at Borrower's sole cost and expense) shall immediately, in its name, establish new deposit accounts separate from any other Person with a depository satisfactory to Lender into which all Rents and other income from the Property shall be deposited and shall grant Lender a first priority security interest in such account pursuant to documentation satisfactory in form and substance to Lender.

  • Admission of Members Other persons may be admitted as Members from time to time pursuant to the provisions of this Agreement.

  • Voting Rights of Members The Members shall have voting rights as defined by the Membership Voting Interest of such Member and in accordance with the provisions of this Agreement. Members do not have a right to cumulate their votes for any matter entitled to a vote of the Members, including election of Directors.

  • Limited Liability of Members No Member shall be liable for any debts or obligations of the Company beyond the amount of the Capital Contributions made by such Member.

  • Substitution of Members If unanimous written approval is received, the transferee shall:

  • Liability of Member The Member shall not have any liability for the obligations or liabilities of the Company except to the extent provided in the Act.

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