Member Party definition
Examples of Member Party in a sentence
Except as specifically set forth in Section 7.05(b), this Agreement will not be construed to grant any right, privilege, or option to any Member Party to participate in any manner in any other business or investment in which any other Member Party may participate, including those that may be the same as or similar to the business of the Company or in direct competition therewith.
Each Member understands and acknowledges that the conduct of the Company’s business may involve business dealings and undertakings with a Member Party with respect to one or more Members.
For the avoidance of doubt, no Member (other than Columbia Care), Officer, or Manager, in either such capacity, shall be entitled to examine, copy, audit, or otherwise access in any respect any books and records (or any supporting documentation) of any Member Party with respect to Columbia Care.
Each Member Party shall bear the costs of its member designated by the arbitral tribunal as well as its representation in the arbitral tribunal.
Except as otherwise stated in this Agreement or required under the Act, a Member Party may lend money to, borrow money from, act as surety, guarantor, or endorser for, guarantee or assume one or more obligations of, provide collateral for, and transact other business with, the Company on such terms as determined by the Board of Managers in its sole discretion.