Member Share definition
Examples of Member Share in a sentence
By signing the signature card, depositing funds or allowing funds to be deposited on Your behalf in an account, You agree to the terms in this Member Share Account Contract (the “Agreement”) for that account.
Second, the Base Roll-Over Amount is determined as follows: Member Share (from #1) multiplied by the claims paid from the POWER account.
You understand that We may cancel Your ability to conduct EFTs if We have reason to believe that You have used an EFT service for an illegal activity or You have violated the Member Share Account Contract.
All such Member Shares, when so converted, shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate or agreement representing any such Member Share shall cease to have any rights with respect thereto, except the right to receive the Parent Shares therefor upon the surrender of such certificate in accordance with Section 1.2(b) hereof, without interest or dividends.
For clarity, the Member agrees that it will not sell, transfer or otherwise dispose of the Member Share or grant a lease or tenancy of, or a licence to occupy, the Property or any part of it.