MSD Member definition

MSD Member means, collectively, MSD Basquiat Investments, LLC and MSD EIV Private Investments, LLC, and any Permitted Transferee thereof that is a Related Person of the MSD Member (it being understood that any Person that is directly or indirectly controlled by MSD Capital, L.P. or MSD Partners, L.P. is a Related Person of such other Person). Whenever any consent, approval, waiver or notice is to be given under this Agreement by the MSD Member, such consent, approval, waiver or notice shall be given by MSD Basquiat Investments, LLC (or such other Related Person as subsequently identified by MSD Basquiat Investments, LLC in writing to the Company).
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MSD Member means each of MSD Basquiat, MSD EIV and MSD Sports.
Sample 1
MSD Member means, collectively, (i) MSD and (ii) each Closely Controlled Affiliate of MSD that has acquired 100% of the Interest in the Company owned on the date of Disposition by MSD or by a Closely Controlled Affiliate of MSD that became MSD Member under this clause (ii) after the Effective Date and that has been admitted as a Member of the Company after the Effective Date in accordance with the requirements of this Agreement. For the avoidance of doubt, if a Person that qualifies as a Closely Controlled Affiliate of MSD Member acquires an Interest (or portion thereof) from another Member or the Company, such Person shall not be part of the MSD Member and shall instead be a New Member.
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Examples of MSD Member in a sentence

  • Each of the WME Member, the SL Member, the KKR Member, the Xxxxxxxx Member, the January Capital Member and the MSD Member, for so long as such Member continues to own Units equal to at least the Ownership Minimum, shall be entitled to designate one (1) individual to be a Board observer (each, an “ Board Observer”); provided, that the Board Observers designated by the Xxxxxxxx Member and the January Capital Member may not be employees of the Company or any of its Subsidiaries.

  • The Company and each Member shall treat the purchase of the Class P Units by the MSD Member in the same manner as the purchase of the Parent Membership Interests as described in Section 6.6(g)(i)(E) of the Purchase Agreement and thus as giving rise to an adjustment to basis pursuant to Section 743 of the Code to the MSD Member, consistent with the first sentence of this Section 8.07.

  • Notwithstanding anything in this Agreement to the contrary, in no event shall any Member (other than the MSD Member), and each such Member shall cause its affiliated investment funds not to, acquire (whether by purchase, transfer or otherwise) any Class P Units at any time following the Restatement Date.

  • Each Member (other than the WME Member, the SL Member, the KKR Member, the MSD Member, the Xxxxxxxx Member, the January Capital Member and the Xxxx Xxxxx Member) hereby appoints the Company as such Member’s attorney-in-fact (with full power of substitution) and hereby authorizes the Company to execute and deliver in such Member’s name and on its behalf any amendment of this Agreement or other document relating hereto in furtherance of such Member’s rights and obligations pursuant to this Agreement.

  • Any amendment to Section 8.01(f) or Annex B shall require the approval of the MSD Member to the extent that such amendment disproportionately adversely affects the rights of the MSD Member relative to the rights of the other Members, and any amendment to this Agreement that disproportionately adversely affects the rights of the holders of any Warrants relative to the Class A Common Members shall require the approval of the MSD Member.

  • The WME Member, the SL Member, the KKR Member, the Xxxxxxxx Member, the January Capital Member and the MSD Member shall each be entitled to replace the Board Observer designated by them at any time and from time to time.

Related to MSD Member

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • ☐ - 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).

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Retired member means any former member receiving a retirement allowance or any former member who has filed the necessary documents for retirement benefits and is no longer contributing to the retirement system;

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

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

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • of a Member means the salary corresponding in any given year to a full-time appointment at the member's rank and step, as set out for that year in Schedule A.

  • Panel Member ’ means a member of a panel;

  • Co-opted Member means a person who is not a member of the authority but who-

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

  • Initial Member has the meaning set forth in the introductory paragraph.

  • Tribal Member means an enrolled member of the Tribe.

  • Founding Member means any individual who is either:

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

  • Principal Member means the person who signs the application and is responsible for the payment of premiums.

  • lay member means a member of the Authority, who is not, nor has been:

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Preferred Member means a Member holding Preferred Units.

  • Participating member means an eligible employee who elects to participate in the defined contribution retirement plan established under this chapter.

  • Deferred member means a person who elected to receive deferred vested retirement

  • Bank Member means Standard Chartered PLC or any of its Affiliates and "Group" means all Bank Members.