Initial Members definition

Initial Members means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Member” means any of the Initial Members.

Initial Members has the meaning set forth in the Preamble.

Initial Members means those Persons listed on Schedule A hereto as Initial Members as of the date hereof.

Examples of Initial Members in a sentence

• This Agreement shall become effective and be in full force and effect and a legal, valid and binding obligation of each of the Members on the date that the Board shall have received from two of the Initial Members an executed counterpart of this Agreement, together with a certified copy of a resolution of the governing body of each such Initial Member approving this Agreement and the execution and delivery hereof.

• This Agreement shall become effective and be in full force and effect and a legal, valid and binding agreement of each of the Members on the date that the Board shall have received from at least two of the Initial Members an executed counterpart of this Agreement, together with a certified copy of a resolution of the governing body of each such Initial Member approving this Agreement and the execution and delivery hereof.

• By execution of this Agreement, and without prejudice to the right of the Members to remove the Manager as set forth in Article 5, the Initial Members and each Person hereafter admitted as a Member, other than Transferees, shall be deemed to have elected such Manager.

• The Initial Members of the Company, their addresses, and the respective classes and denominations of Membership Units held by them shall be as set forth on Schedule A hereto, and said schedule shall be amended from time to time by the Members or the Majority Member, as applicable, in accordance with the terms hereof to reflect the withdrawal of Members or the admission of additional Members pursuant to this Agreement.

• Other than Initial Members, an applicant will become a member when they are entered on the register of members.

More Definitions of Initial Members

Initial Members is defined in the preamble to this Agreement.

Initial Members means the Person or Persons identified in the Series Designation of any Series as the Initial Member[s] associated therewith.

Initial Members. Has the meaning set forth in Section 5.2(a).

Initial Members means the holders of the Pre-Initial Offering Interests (with respect to the Units received by them pursuant to Section 5.1) and the Underwriters upon the issuance by the Company of Units to the Underwriters as described in Section 5.2 in connection with the Initial Offering.

Initial Members means the Members, as of the Effective Date.

Initial Members mean Bxxxx X. Xxxxxxx and Mxxxxx X. Xxxxxxxx.

Initial Members. Those non-managing Investor Members who have executed this Agreement and whose Contributions were raised and accepted under this Offering prior to the Final Closing of this Offering.