Managing Member Entity definition

Managing Member Entity means the Managing Member; provided, however, that if (i) the common shares of beneficial interest (or other comparable equity interests) of the Managing Member are at any time not Publicly Traded and (ii) the common shares of beneficial interest (or other comparable equity interests) of an entity that owns, directly or indirectly, fifty percent (50%) or more of the common shares of beneficial interest (or other comparable equity interests) of the Managing Member are Publicly Traded, the term “Managing Member Entity” shall refer to such entity whose common shares of beneficial interest (or other comparable equity securities) are Publicly Traded. If both requirements set forth in clauses (i) and (ii) above are not satisfied, then the term “Managing Member Entity” shall mean the Managing Member.
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Managing Member Entity means the Managing Member; provided, however, that if both (i) the common stock (or other comparable equity interests) of the Managing Member are at any time not Publicly Traded and (ii) the common stock (or other comparable equity interests) of an entity that owns, directly or indirectly, fifty percent (50%) or more of the common stock (or other comparable equity interests) of the Managing Member are Publicly Traded, the term “Managing Member Entity” shall refer to such entity whose common stock (or other comparable equity securities) are Publicly Traded.
Sample 1Sample 2
Managing Member Entity means the Managing Member.
Sample 1Sample 2

Examples of Managing Member Entity in a sentence

  • The Non-Managing Members expressly acknowledge that the Managing Member, in considering whether to dispose of any of the Company assets, shall take into account the tax consequences to the Managing Member Entity of any such disposition and shall have no liability whatsoever to the Company or any Non-Managing Member for decisions that are based upon or influenced by such tax consequences.

  • Instrument of ratification of 20 September 1985 of the Treaty made in Lisbon and Madrid on 12 June 1985 regarding the accession of the Kingdom of Spain and the Portuguese Republic to the European Economic Community and the European Atomic Energy Community ( Spanish Official Journal 1, 1 January 1986, pages 3-687).

  • The Managing Member or the Managing Member Entity may in its sole and absolute discretion, cause the Company to make an interest free loan to the Managing Member or the Managing Member Entity, as applicable, provided that the proceeds of such loans are used to satisfy any tax liabilities of the Managing Member or the Managing Member Entity, as applicable.

  • Without the Consent of the Non-Managing Members (excluding any Managing Member Entity or other Non-Managing Member that is an Affiliate of the Managing Member), the Managing Member shall not, directly or indirectly, enter into or conduct any business other than in connection with the ownership, acquisition and disposition of Units or other Interests as a Member and the management of the business of the Company and such activities as are incidental thereto.

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  • If the Managing Member, Managing Member Entity or such Subsidiary enters into any Funding Debt, the loan to the Company shall be on comparable terms and conditions, including interest rate, repayment schedule, costs and expenses and other financial terms, as are applicable with respect to or incurred in connection with such Funding Debt.

  • Unless the Managing Member Entity, in its sole and absolute discretion, shall exercise its right to assume directly and satisfy the Redemption Right, the Managing Member Entity shall not have any obligation to the Redeeming Member or to the Company with respect to the Redeeming Member’s exercise of the Redemption Right.

  • Meetings of the Members may be called by the Managing Member and shall be called upon the receipt by the Managing Member of a written request by Non-Managing Members holding Interests representing twenty-five percent (25%) or more of the Percentage Interest of the Common Units (including Common Units held by the Managing Member Entity).

  • The term “transfer” when used in this Article XI does not include any redemption or repurchase of Membership Units by the Company from a Member or acquisition of Membership Units from a Non-Managing Member by the Managing Member Entity pursuant to Section 8.6 or otherwise.

  • If such election is made by the Managing Member, the Company shall determine whether the Managing Member Entity shall pay the Redemption Amount in the form of the Cash Amount or the Shares Amount.


More Definitions of Managing Member Entity

Managing Member Entity means the Managing Member, or its successor, as managing member of the Company.
Sample 1

Related to Managing Member Entity

  • Managing Member is defined in the recitals to this Agreement.

  • General Partner means the general partner of the Partnership.

  • Non-Managing Member means any Member other than the Managing Member.

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Founding Member means any individual who is either:

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • General Partners means all such Persons.

  • Managing entity means the managing agent or, if there is no managing agent, the time-share

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Public member means an individual who is not, and never

  • Redeeming Member has the meaning set forth in Section 11.01(a).

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

  • Preferred Member means a Member holding Preferred Units.

  • Council Member means a member of the Council;

  • Founding Members means the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Tribal Member means an enrolled member of the Tribe.

  • Lead Partner means the lead partner of a joint venture, as described in Sub-Clause

  • Common Member means a Member holding Common Units.

  • Redeeming Partner has the meaning set forth in Section 8.6.A.

  • Sub-Manager Any Person with which the Property Manager or the Special Servicer has entered into a Sub-Management Agreement.

  • Panel Member ’ means a member of a panel;