Membership or Member definition
Membership or Member means a Person that: 1) has Ownership Interest in the Company; and 2) has certain rights and duties associated with the Company, including voting, which rights and duties are further defined in this Agreement. No Person may become a Member of the Company unless:
1.15.1 the Member’s review the prospective member’s boating resume and other information as reasonably required by the Members;
1.15.2 the Member’s approve the prospective member by a Majority Vote; and
1.15.3 the prospective member signs this Agreement.
Membership or Member means the membership in Networks and licensing rights thereto, obtained by financial institutions.