Common Member definition

Common Member means a Member holding Common Units.

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Common Member means a Member holding Common Shares of the Company.

Common Member means each Person admitted to the Company as a Common Member whose name is set forth on Schedule I hereto as a Common Member with respect to Common Units held by such Person, and any other Person admitted as an additional or substitute Common Member, so long as such Person remains a Common Member.

Examples of Common Member in a sentence

• The partnership representative shall furnish to each Common Member a copy of all notices or other written communications received by the partnership representative from the Internal Revenue Service (except such notices or communications as are sent directly to the Common Member by the Internal Revenue Service).

• Each Common Member timely electing to participate may elect to sell the percentage of the Units then owned by such participating Common Member as is equal to the percentage of the Common Units owned by the Selling Group that the Selling Group has determined to sell.

• Failure of a Common Member to respond within the time set forth above, or to pay the purchase price on or before the New Issue Date, will be deemed an election by such Common Member not to exercise its preemptive right under this Agreement with respect to such issuance.

• Each Common Member may elect to exercise its right pursuant to this Section 3.4(a) by delivering written notice to the Board no later than five days prior to the New Issue Date specifying the maximum number of Additional Equity Securities that such Common Member wishes to purchase (including the number of such Additional Equity Securities it would purchase if one or more other Common Members do not elect to purchase all of their respective Common Percentages).

• On or before the New Issue Date, each Common Member exercising its rights under this Section 3.4(a) (an “Exercising Common Member”) shall pay to the Company the purchase price for such Additional Equity Securities in immediately available funds and upon receipt of such payment the Company shall issue such Additional Equity Securities to such Common Member.

More Definitions of Common Member

Common Member means any person who, from time to time, is entitled to a Common Interest pursuant to and in compliance with this Agreement and who has been admitted to the Company as a Common Member in accordance with this Agreement and has not ceased to be a Common Member under the terms of this Agreement.

Common Member means a Member who holds Common Units.

Common Member means any Member holding Common Shares.

Common Member means each Person designated as a Common Member on the Members Schedule.

Common Member means Generation Income Properties, L.P.

Common Member has the meaning set forth in Section 3.01.

Common Member means SPV, as the holder of the Common Membership Interest.