Examples of Initial Members in a sentence
If such Initial Members are not able to agree on an Independent Manager within 30 days of a vacancy in an Independent Manager on the Board, the most senior Officer who is independent (vis-à-vis each Member) shall become an interim Independent Manager (a “Temporary Independent Manager”).
The members of the steering committee shall consist of the CEO of the Company and an authorized representative of each of the Initial Members (such committee, the “Steering Committee”).
The number of arbitrators shall be three, one of whom shall be appointed by each of the Initial Members and the third of whom shall be selected by mutual agreement of the co-arbitrators with the input of the Initial Members, if possible, within 30 days of the selection of the second arbitrator and thereafter by the administering authority.
The preparation, execution and filing of the Original Certificate was authorized and ratified in all respects by the Initial Members, and each of their representatives, in their capacity as the Persons that formed the Company, and they are forever discharged, released and indemnified by the Company from and against any and all expense or liability actually incurred by such Persons by reason of having formed the Company.
Except as otherwise set forth herein or therein, each of the Company and the Initial Members will pay their own reasonable fees and expenses incurred with respect to any amendments or waivers (whether or not the same become effective) under or in respect of this Agreement or the other agreements contemplated by this Agreement.