Contributing Member definition
Examples of Contributing Member in a sentence
The amount of CTA Indemnities which remain unrepaid by a Member shall be treated as a Contribution Loan with the Member who incurred (or whose Affiliate incurred) such damages as the Contributing Member and the Member who caused (or whose Affiliate caused) such damages as the Non-Contributing Member.
In the event that a Member fails to fund all or any portion of a Member Bad Act Cost Overrun for which such Member is responsible pursuant to this Section 8.3, such Member shall be deemed a Non-Contributing Member for purposes of Section 8.2, and any other Member that funds all or any portion of such Member Bad Act Cost Overrun on behalf of such responsible Member shall be deemed a Contributing Member and shall have all remedies set forth in Section 8.2 with respect thereto.