Initial Members definition

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

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

Examples of Initial Members in a sentence

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

• The Initial Members shall be the Initial Signatories whose participation in the Authority is approved by its registered electors at the November 8TH 2016 election as described in Section 2.05 herein.

• 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.

• Class B Shares held by the Initial Members shall be surrendered by such Initial Members on a pro rata basis in the amounts set out in the Registration Statement for no consideration to the extent that the Over-Allotment Option is not exercised in full so that the number of issued Class B Shares will equal 20 per cent of the Company’s issued Ordinary Shares after the IPO.

• 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.

More Definitions of Initial Members

Initial Members is defined in the preamble to this Agreement.

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 has the meaning set forth in the recitals to this Agreement.

Initial Members means FTAI Offshore Holdings L.P., Fortress Worldwide Transportation and Infrastructure Investors LP.

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 means the Members, as of the Effective Date.

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.