Outgoing Member definition

Outgoing Member. A Member who ceases to be a member of the LLP as a result of death, retirement, expulsion, and bankruptcy in accordance with the terms of this Agreement.
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Outgoing Member means any person who ceases to be, or who has ceased to be, an Ordinary Member of the LLP for any reason.
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Outgoing Member means any person who ceases to be a Member for any reason other than the mutual termination of this Agreement;
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Examples of Outgoing Member in a sentence

  • Without prejudice to clause 19.3, an Outgoing Member is not entitled to any share or interest in the property or profit of the Evercore LLP arising after the Outgoing Member’s Date of Outgoing and any Schedule of Terms in place between an Outgoing Member and the Evercore LLP shall terminate on that Outgoing Member’s Date of Outgoing.

  • Without prejudice to the generality of the foregoing, and in particular without prejudice to the obligation of each Individual Member to further the interests of the Evercore LLP, each Individual Member shall continue to act in good faith with regards to all the other Members and each Outgoing Member shall continue to act in good faith with regards to each other Member, Outgoing Member and the Evercore LLP.

  • For the avoidance of doubt, the Evercore LLP shall not be obliged to maintain insurance for an Outgoing Member following that Outgoing Member’s Date of Outgoing.

  • An Outgoing Member who is a Good Leaver by virtue of clause 19.4(b) shall be entitled to apply to the Executive Committee to be reinstated as a Member on the same terms as applied prior to the Date of Outgoing if, within two years of the Date of Outgoing, that Member has, in the reasonable opinion of the Executive Committee, recovered sufficiently to be able to perform their duties in accordance with their Schedule of Terms.

  • With effect from the Date of Outgoing, any amounts owing to an Outgoing Member shall be recorded as third party liabilities of the Evercore LLP rather than as standing to the credit of the Capital Account or Current Account.

  • Upon an Outgoing Member ceasing to be a Member, the Designated Members shall notify the registrar of companies accordingly.

  • The decision of the Executive Committee on whether to readmit any Outgoing Member will be final and binding.

  • At the same time, the watchfulness of the media might be more salient to treated MPs, as they interacted with SFCG during the debate and were given a video record of their commitments.20 Standard media models suggest that both are needed: it is the combination of an engaged public and an observant media that generates accountability effects.21 An interesting but unlikely alternative explanation is candidate selection.

  • On or within a reasonable time of his Leaving Date, the Outgoing Member or (if applicable) his personal representatives shall sign and execute all documents and perform all acts that the LLP reasonably requires for the purpose of enabling the LLP to recover any outstanding interest or right of the LLP in or for the purpose of transferring to the LLP, or as it may direct, any property of the LLP which on his Leaving Date is held by the Outgoing Member on behalf of the LLP.

  • The relevant Outgoing Member or LSC Owner, and the Purchaser, shall each pay for the Appraiser selected by them, and they shall each pay one-half of the fees and expenses of the third Appraiser.


More Definitions of Outgoing Member

Outgoing Member means a Member who ceases to be a Member for whatever reason. Accordingly cl 41 applies to the Defendant notwithstanding that she was expelled from membership of the First Claimant on 13 January 2011.
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Outgoing Member has the meaning set forth in Section 7.5.
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Related to Outgoing Member

  • Panel Member ’ means a member of a panel;

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Managing Member is defined in the recitals to this Agreement.

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

  • 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;

  • Selling Member has the meaning set forth in Section 10.5(a).

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

  • Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Purchasing Member has the meaning set forth in Section 9.2(c).

  • Member Representative means an individual who can make OHP-related decisions for a member who is not able to make such decisions themselves.

  • Defaulting Member has the meaning set forth in Section 3.3(a).

  • Trading Member means a Person who has been approved by Nadex to trade directly and not through a FCM Member on the Market, and does not include any FCM Member.