Defaulting Member definition

Defaulting Member has the meaning set forth in Section 3.3(a).
Defaulting Member shall have the meaning set forth in Section 4.2.
Defaulting Member shall have the meaning provided in Section 5.2(b).

Examples of Defaulting Member in a sentence

  • Any dispute or controversy among the Members (other than a suit brought against a Defaulting Member) arising in connection with (i) this Agreement or any amendment hereof, (ii) the breach or alleged breach hereof, (iii) the actions of any of the Members, or (iv) the formation, operation or dissolution and liquidation of the Company, shall be determined by a court in San Francisco, California.


More Definitions of Defaulting Member

Defaulting Member. A Member which fails to make his Additional Contribution as required herein.
Defaulting Member has the meaning set forth in Section 9.1.
Defaulting Member the meaning set forth in Section 3.2(a).
Defaulting Member is defined in Section 7.01.
Defaulting Member has the meaning set forth in Section 4.4.5.
Defaulting Member means a Member for which the Corporation has ceased to act pursuant to Rule 46.
Defaulting Member means a Member who fails to make any portion of its Capital Contribution, including any Additional Capital Contribution the Member has elected to make within the time period permitted hereunder. Disassociation shall mean an action of the Manager to remove a Member’s right to participate in management (i.e., removal of its voting Interest) for cause (per Article 12.1) or by operation of law (per Article 12.2).