Examples of NS Member in a sentence
As of the effective date (determined in accordance with Section 12.08) of the notice under this Section 10.07 (the "Buyout Date"), the Converted Members shall have been deemed to have resigned and withdrawn from the Company, and shall become Terminated Members, and NS Member shall accede absolutely to all the rights, titles, interests and privileges of the Converted Members and shall be the sole Managing Member and Member of the Company.
As of the effective date (determined in accordance with Section 12.08) of the notice under this Section 10.09, the NS Member shall have been deemed to have resigned and withdrawn from the Company, and shall become a Terminated Member, and the Managing Member shall accede absolutely to all the rights, titles, interests and privileges of the NS Member and shall be the sole Member of the Company.
Except as otherwise provided herein, the KCS Member and the NS Member shall each be entitled to representation on any such committee, such representation to be proportionate to their respective Percentage Interests in the Company.
Any Transfer in violation of this Section 10.04 (a) shall be void ab initio and shall entitle the NS Member to exercise its right to acquire the Acquired Interest pursuant to Section 10.07 hereof.
The Members hereby agree that there shall be created a Capital Project Committee consisting of three Committee Representatives, two of whom shall be designated by the KCS Member and one of whom shall be designated by the NS Member.
The Managing Member may not admit additional Members without obtaining the Approval of NS Member and, further, upon the condition that the additional Member shall agree to be bound by the terms and conditions of this Agreement and assume all obligations associated therewith.
Notwithstanding anything to the contrary contained in this Agreement, until such time as the NS Member no longer owns any Membership Interests, neither the Management Committee nor any committee thereof shall authorize or effect any action that constitutes a Major Decision unless such action has received the approval of at least one of the Committee Representatives appointed by NS.
Section 45.1. If there is a valid and legal termination of this lease pursuant to its terms, which termination occurs on or after April 1, 2008, and no Leasehold Mortgagee has exercised the right pursuant to Article 24 hereof to obtain a new lease, Landlord will so notify Optionee and NS Member at the address set forth above for Tenant (or to such other person and at such other address as Landlord shall have been previously notified by Optionee at its address for notices).
The presence in person of a majority of the Committee Representatives (at least one of whom shall be a Committee Representative appointed by the NS Member if a Major Decision is to be made) shall constitute a quorum for the transaction of business at a meeting of the Management Committee duly called in accordance with Section 5.4(a).
All items returned to us require the sender to gain proof of postage.