Member Designee definition

Member Designee means each individual elected, designated or appointed by a Member to serve as a member of the Committee; provided, that (a) such individual is acting as a representative of such Member (such Member acting in its capacity as a Member with respect to the management of the Company) and (b) such individual is an employee, officer, partner, member or owner of such Member, its investment adviser or any of their respective Affiliates.

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Member Designee has the meaning set forth in Section 3.01(b).

Member Designee has the meaning set forth in Section 4.01(b) of this Agreement.

Examples of Member Designee in a sentence

• All subscribers who have been accepted by the Member Designee shall be deemed admitted as Members at the time they are reflected as such in the books and records of the Company.

• Any assignment, transfer or disposition by an assignee of Units shall not be effective against the Company or the Member Designee until the first day of the month next succeeding the month in which the Member Designee receives the written notice described below.

• Appropriate reserves may be created, accrued and charged against Net Assets for contingent liabilities, if any, as of the date any such contingent liability becomes known to the Member Designee and for such other purposes as the Member Designee may determine in its sole discretion.

• Sydling Futures Management LLC, in its capacity as Member Designee, may reinvest in the Company at any time, subject to the same terms and conditions that apply to all other Members under this Agreement, except as otherwise provided herein.

• The Initial Member has executed and filed a Certificate of Formation in accordance with the provisions of the LLC Act, and the Member Designee shall execute, file, record, and publish as appropriate such amendments, assumed name certificates and other documents as it determines.

• The Member Designees will not receive any compensation from the Company or its Subsidiaries for their service as Member Designee.

• The written notice required by this paragraph shall specify the name and residence address of the assignee and the date of the assignment, shall include a statement by the assignee that he agrees to give the above-described written notice to the Member Designee upon any subsequent assignment, and shall be signed by the assignor and assignee.

• To the fullest extent permitted by law, the Member Designee and its Affiliates shall be indemnified by the Company against any losses, judgments, liabilities, expenses and amounts paid in settlement of any claims sustained by them in connection with the Company, provided that the same were not the result of gross negligence or willful misconduct on the part of the Member Designee or its Affiliates.

• The Member Designee may change the registered office and registered agent of the Company upon notice to the Members.

• The Member Designee may take such actions as may be necessary or appropriate at any time to offer new Units in the Company and to admit new or substituted Members to the Company.

More Definitions of Member Designee

Member Designee means each individual elected, designated or appointed by a Member to serve as a member of the Committee; provided, that

Member Designee has the meaning set forth in Section 12.01(a)(ii).

Member Designee means Bob Bench or successor.

Member Designee as defined in Section 7.1(a)(i).

Member Designee means ▇▇▇ ▇▇▇▇▇ or successor.

Member Designee has the meaning set forth in Section 2.1.