Additional Members definition

Additional Members means those Members, if any, admitted to the Company after the Effective Date.

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Additional Members has the meaning set forth in Section 14.1 hereof.

Additional Members means, collectively, all Persons who are issued Units (as that term is defined below) and are admitted as a Member pursuant to the procedures set forth in Section 9.4. The term "Additional Member" means any one of the Additional Members.

Examples of Additional Members in a sentence

The Board of Managers shall update Schedule A from time to time as may be necessary to accurately reflect the agreements of the Members with respect to the information therein or to add any Additional Members admitted to the Company in accordance with this Agreement.
Such Additional Members, such additional classes of Units, or Units issued to existing Members shall (1) be entitled to such distributions and allocations in accordance with this Agreement and (2) dilute the existing Members’ Percentage Interests proportionately.
The Company shall not be dissolved by the admission of Additional Members or Substituted Members or the attempted withdrawal or resignation of a Member.
To the extent consistent with Section 706(d) of the Code and Treasury Regulations promulgated thereunder, the Company’s books may be closed at the time Additional Members are admitted (as though the Company’s tax year had ended) or the Company may credit to the Additional Members pro rata allocations of the Company’s income, gains, losses, deductions, credits, and items for that portion of the Company’s Fiscal Year after the effective date of the admission of the Additional Members.
The Company shall not be dissolved by the admission of Additional Members or substitute Members in accordance with the terms of this Agreement, or the withdrawal of a Member.

More Definitions of Additional Members

Additional Members has the meaning set forth in Section 3.4(a).

Additional Members means those Persons admitted to the Company as Members of the Company pursuant to Paragraph 3.4 of the Agreement.

Additional Members means the Persons admitted as additional Members in accordance with Section 3.2(a).

Additional Members. A Member other than an Initial Member or a Substitute Member who has acquired a Membership Interest from Company; they are generally those additional Investors identified by Managers to provide funding of the Series or Musical and become Member(s) hereof; the term is further defined in Article 4.8 below.

Additional Members means those Persons admitted as Members of the Company pursuant to the terms hereof.

Additional Members shall have the meaning ascribed to such term in Section 1.5(a) hereof.

Additional Members has the meaning set forth in Section 3.1(a) of this Agreement.