Administrative Member definition

Administrative Member means a member of the Tribunal who is not a Judicial Member within the meaning of clause (g);

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Administrative Member shall have the meaning set forth in Section 7.1.

Administrative Member means initially, the Figure Member, or upon removal or resignation of the Figure Member as Administrative Member in accordance with the terms of this Agreement (it being understood that the Figure Member may not resign as Administrative Member other than in accordance with Section 4.2 or if Figure ceases to own any Membership Interests in the Company, the Figure Member shall have the right to resign, as Administrative Member of the Company, effective as of the date Investor has appointed a replacement Administrative Member; provided, that Investor shall use its reasonable best efforts to appoint and identify a suitable replacement for the Administrative Member as promptly as practicable following receipt of written notice from Figure of its intent to resign as Administrative Member and in any event within one hundred twenty (120) days (and if a replacement Administrative Member has not been appointed within such one hundred twenty (120) day period, then the Figure Member shall have the right (but not the obligation) to deem its resignation to nonetheless be effective as of such one hundred twentieth (120th) day)), such other Person as may be appointed as Administrative Member in accordance with the terms of this Agreement.

Examples of Administrative Member in a sentence

• If any Member elects to conduct an audit of the books and records of the Company and its Subsidiaries, Administrative Member shall cooperate in good faith with such Member, at such Member’s expense, to provide in a timely manner such information and documents as may be reasonably requested by such Member.

• Administrative Member shall update Exhibit A from time to time as necessary to accurately reflect the information therein.

• Except as expressly set forth in this Agreement, the Members, and the respective Managers appointed by such Members, and the Administrative Member shall have no duties (fiduciary, duty of loyalty, duty of care or otherwise) whatsoever toward one another, their respective Affiliates, or the Company.

• Notwithstanding the anything in this Agreement to the contrary, Administrative Member shall promptly deliver all information and documentation in the possession of Administrative Member, or in the case of information and documentation within the control of Administrative Member, use commercially reasonable efforts to promptly deliver such information and documentation, to the Company Accountant that is necessary for the preparation of any tax returns of the Company or any Form 1065, Schedule K-1s.

• Administrative Member further acknowledges and agrees to the limitations on the powers and authority of the Company and the Board, set forth in Section 4.2 of this Agreement.

More Definitions of Administrative Member

Administrative Member means (i) ESC unless removed or replaced by BREA in accordance with Section 7.2 and then (ii) BREA or its designee.

Administrative Member means the TWC Member, in its capacity as the administrative member of the LLC, or any other Person that becomes the Administrative Member of the LLC in accordance with the terms of this Agreement.

Administrative Member means SANDAG. As the Administrative Member SANDAG shall have the same rights as any of the Charter Member Agencies, shall provide in- kind contributions rather than membership financial support, and shall have the additional responsibilities set forth in this Agreement. SANDAG shall not have a separate vote but shall be represented by all of the Charter Member Agencies.

Administrative Member means a member of the Tribunal appointed as such under clause (b) of sub-section (2) of section 4;

Administrative Member has the meaning set forth in the Recitals.

Administrative Member is defined in Section 2.03.

Administrative Member is defined in Section 2.03. 14.11 Affiliate The term "Affiliate" means any Person which, directly or indirectly through one (1) or more intermediaries, controls or is controlled by or is under common control with another Person. The term "control" as used herein (including the terms "controlling," "controlled by," and "under common control with") means the possession, direct or indirect, of the power to (i) vote more than fifty percent (50%) of the outstanding voting securities of such Person, or (ii) otherwise direct management policies of such Person by contract or otherwise.