CB Member definition

CB Member means CB and any successor to, or assignee or transferee of, CB who shall own the CB Warrant, any Member Units issued in respect thereof or any portion thereof and who shall agree in writing to be treated as a CB Member and to be bound by the terms and to comply with the provisions of this Agreement.
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CB Member means a Member whose accrued benefit under the Retirement Plan is determined under the Cash Balance Account formula of the Retirement Plan.
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Examples of CB Member in a sentence

  • Each CB Member shall be deemed to be duly authorised to deliberate, negotiate and decide on all matters submitted to the CB.

  • The Class A Member may accept the CB Offer by delivering a written notice (a “CB Acceptance Notice”) to the CB Member stating that it accepts the CB Offer to sell the CB Units for the CB Purchase Price specified in the CB Offer Notice.

  • If the CB Member and the Class A Member are unable to agree on which of the two investment banks to retain, the investment bank offering the most favorable economic terms to the Company shall be selected.

  • The CB Member and the Class A Member shall cause the Board to prepare an information package on the Company that includes (i) a form purchase agreement reasonably approved by the Board (to be executed by any such prospective third party purchaser), and (ii) the other material terms and conditions on which the Class A Member and the CB Member are prepared to sell the Company.

  • The CB Offer shall be evidenced by a written notice (the “CB Offer Notice”) to be delivered to the Class A Member during the Offer Election Period and setting forth the CB Proposed Valuation and CB Purchase Price as determined by the CB Member.

  • If the Company obtains a Qualified Purchase Offer within six (6) months after delivery of a Sale Election Notice to commence a Sale Process, and the CB Member determines that the Company should accept such Qualified Purchase Offer, the CB Member will provide written notice (a “Company Sale Notice”) to the Class A Member of its desire to accept such Qualified Purchase Offer.

  • Unless otherwise mutually agreed by the Class A Member and the CB Member, any Purchase Offer must be a Qualified Purchase Offer.

  • Upon receipt of a Sale Election Notice from the CB Member, the Class A Member will proceed to cause the Board to commence the process to solicit a Purchase Offer pursuant to Section 10.7(b) (the “Sale Process”).

  • If the CB Member elects to exercise the Sale Right, the CB Member will notify the Class A Member, in writing of any such election (a “Sale Election Notice”).

  • Within 10 days after receipt of a Sale Election Notice to commence a Sale Process, the CB Member and the Class A Member shall jointly retain (or cause the Company to retain) either ▇▇▇▇▇ ▇.