disqualified member definition

disqualified member means a member who has been disqualified in accordance with Rule 721, 724 or 1612;
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disqualified member has the meaning specified in Section 12.01.
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disqualified member means a member who has been disqualified in accordance with Rule 162, 168 or Rule 171. A Disqualified Member has none of the rights of membership and is not entitled to practise law for the period of the disqualification.
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Examples of disqualified member in a sentence

  • The remaining Member(s) may elect, within ninety (90) days of the decision to continue the Company, to purchase the Disqualified Member’s Units upon such terms and conditions as the remaining Members and the Disqualified Member or the legal representative of the Disqualified Member, may agree.

  • In the event the remaining Members and the Disqualified Member (or such legal representative) do not agree upon terms and conditions for a purchase of the Units of the Disqualified Member, the remaining Members shall have an option (to be exercised within one (1) year after the occurrence of the Event of Dissolution, by giving notice to the Disqualified Member, or such legal representative) to purchase the Units for a cash purchase price determined as set forth in Section 10.04.


More Definitions of disqualified member

disqualified member means an individual disqualified from participation in the Food Distribution Program.
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disqualified member has the meaning given that term in Section 5.14.11 hereof.
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disqualified member means a person who has been disqualified,
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disqualified member has the meaning specified in Section 8.1(c). -------------------
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disqualified member has the meaning specified in Section 12.01. “Event of Dissolution” has the meaning specified in Section 12.01.
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Related to disqualified member

  • Disqualified Person has the meaning assigned to such term in Section 9.05(f)(ii).

  • Disqualified Equity Interest means, with respect to any Person, any Equity Interest in such Person that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition:

  • Disqualified Non-U.S. Tax Person With respect to a Class R Certificate, any Non-U.S. Tax Person or agent thereof other than (i) a Non-U.S. Tax Person that holds the Class R Certificate in connection with the conduct of a trade or business within the United States and has furnished the transferor and the Certificate Registrar with an effective IRS Form W-8ECI or (ii) a Non-U.S. Tax Person that has delivered to both the transferor and the Certificate Registrar an opinion of a nationally recognized tax counsel to the effect that the transfer of the Class R Certificate to it is in accordance with the requirements of the Code and the regulations promulgated thereunder and that such transfer of the Class R Certificate will not be disregarded for federal income tax purposes.