Examples of Non-Contributing Member in a sentence

The Contributing Member may elect any of the options set forth in the immediately preceding sentence by giving written notice of such election to the Non-Contributing Member within thirty (30) days prior to such maturity date of the Member Loan.
Failure of the Contributing Member to timely give such written notice to the Non-Contributing Member shall be deemed to constitute an election to renew such Member Loan for an additional term of six (6) months on the terms set forth herein.
If Paladin is the Contributing Member, then both Members shall take all actions and execute all documents (including a written promissory note evidencing the obligation of the Non-Contributing Member) necessary to ensure that the obligation meets the “straight debt safe harbor” described in Section 856(m) of the Code.
Any amounts so applied shall be treated, for all purposes under this Agreement, as having actually been distributed to the Non-Contributing Member and applied by the Non-Contributing Member to repay the outstanding Member Loan.
As of the Effective Date of any advance of a Member Loan, the Non-Contributing Member shall be deemed to have contributed an amount equal to the principal amount of such Member Loan to the capital of the Company, and the Capital Account and Unrecovered Contribution Account of the Non-Contributing Member shall be credited with a like amount.

More Definitions of Non-Contributing Member

Non-Contributing Member has the meaning set forth in Section 4.02(c).

Non-Contributing Member has the meaning set forth in Section 4.2.

Non-Contributing Member has the meaning set forth in Section 3.3.1.

Non-Contributing Member. As defined in Section 5.02(b).

Non-Contributing Member means a member who--

Non-Contributing Member has the meaning given such term in Section 6.03(a).

Non-Contributing Member shall have the meaning given to that term in Section 4.2(b).