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 means those Persons listed on Schedule A hereto as Initial Members as of the date hereof.
Initial Members has the meaning set forth in the Preamble.
Examples of Initial Members in a sentence
Upon execution of this Agreement, and the Initial Members exchange of their Common Shares, the Manager will have all of the rights and privileges of 100% of the membership interests in the Company, consisting of 1,000,000 Common Shares, afforded pursuant to this Agreement and applicable law.
Simultaneous with the execution of this Agreement, the Initial Members have agreed to exchange all of their respective membership interests in the Company for shares of capital stock of the Manager upon which time Manager will become the sole Member of the Company (“Subsequent Initial Member”).
More Definitions of Initial Members
Initial Members is defined in the preamble to this Agreement.
Initial Members. Has the meaning set forth in Section 5.2(a).
Initial Members means the Person or Persons identified in the Series Designation of any Series as the Initial Member[s] associated therewith.
Initial Members means the holders of the Pre-Initial Offering Interests (with respect to the Common Units and Subordinated Units received by them pursuant to Section 5.1) and the Underwriters upon the issuance by the Company of Common Units to the Underwriters as described in Section 5.2 in connection with the Initial Offering.
Initial Members shall have the meaning set forth in the preamble hereto.
Initial Members means the Initial Signatories who become Members on the date on which the Authority is originally established pursuant to Section 2.05 herein.
Initial Members means the Members, as of the Effective Date.