Current Member definition

Current Member means any member of the Board of Directors of the Bank or the Holding Company as of July 18, 2000 and any successor of a Current Member whose nomination or election has been approved by a majority of the Current Members then on the Board of Directors);

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Current Member. , in relation to a scheme, means a person who is a member of the scheme at the time that the power is used (and “future member” is to be read accordingly);

Current Member means any member of the Board of Directors of the Bank or the Holding Company as of July 18, 2000 and any successor of a Current Member whose nomination or election has been approved by a majority of the Current Members then on the Board of Directors); (c) the acquisition of beneficial ownership, directly or indirectly (as provided in Rule 13d-3 of the Securities Exchange Act of 1934 (the “Act”), or any successor rule), of 25% or more of the total combined voting power of all classes of stock of the Bank or the Holding Company by any person or group deemed a person under Section 13(d)(3) of the Act; or (d) approval by the stockholders of the Bank or the Holding Company of an agreement providing for the merger or consolidation of the Bank or the Holding Company with another corporation where the stockholders of the Bank or the Holding Company, immediately prior to the merger or consolidation, would not beneficially own, directly or indirectly, immediately after the merger or consolidation, shares entitling such stockholders to 50% or more of the total combined voting power of all classes of stock of the surviving corporation.

Examples of Current Member in a sentence

• For those units occupied by a Current Member, and the unit is not assisted by a project-based Section 8 Housing Assistance Payments Contract, the Owner shall not increase the Initial Carrying Charges for the unit without the prior written approval of HUD.

• For those units occupied by a Current Member, and the unit is assisted by a project-based Section 8 Housing Assistance Payments (HAP) Contract, carrying charge increases shall be processed and determined in accordance with HAP Contract requirements.

• Current Member: ☐ Yes ☐ No Late Fee Policy – Premiums are due by the 1st day of the coverage month.

• Throughout the Term, the Project shall be used solely as housing for Moderate Income Families, with no reduction in the number of residential units, and no Current Member will be required to relocate on the basis of his or her income.

• To the extent that Company is not a Current Member, it is understood that the annual membership fee due under the Membership Agreement will be included in the Participation Fee.

More Definitions of Current Member

Current Member means a member of the Disciplinary Committee or the Appeal Committee on the Relevant Date; and

Current Member has the meaning set forth in the preamble to this Agreement.

Current Member means a member in good standing who has duly paid for the current year the annual dues, as specified by the Board of Directors. Current members shall each have one vote at meetings of members, except as otherwise specified.

Current Member means NSP Holdings L.L.C., a Delaware limited liability company.

Current Member or “CURRENT MEMBERS” means all members of an ME LOCATION whose MEMBERSHIP is active or frozen as of the date of PRELIMINARY APPROVAL and who paid a FEE INCREASE.

Current Member means a current member of the IGSC who is a certified member of that organization and includes voting members, small company members, and nonprofit members. It does not include provisional associate members or any other membership tier where the entity does not implement an IGSC tested and approved screening system;

Current Member means AC HoldCo.