Outside Member definition

Outside Member has the meaning given in the introductory paragraph to this Agreement

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Outside Member means an outside member as defined by the House of Assembly Act;

Outside Member has the meaning set forth in the recitals to this Agreement.

Examples of Outside Member in a sentence

Any transfer of title or beneficial ownership of Interests upon default, foreclosure, forfeit, divorce, court order or otherwise than by a voluntary decision on the part of a Management Member or Outside Member (each, an “Involuntary Transfer”) shall be void unless such Management Member or Outside Member complies with this Section 12.4 and enables the Company to exercise in full its rights hereunder.
For purposes of this Section, "Outside Member" shall mean any member of the Board of Directors who is not an executive officer or employee of the Company.
A Director (including a Director serving as a member of a committee) may vote on any matter or action even if (a) that would affect the Member represented by such Director, or (b) that would impact any land or landowners within the boundaries of the Member represented by such Director or Outside Member Land managed in whole or in part by such Member.
The Authority intends, among other things, to adopt and implement a GSP or GSP chapter for Non-districted Land, and enter into agreements, as necessary and requested, with General Members to provide them with the required regulatory authority to include Outside Member Land in a General Member’s GSP or GSP chapter.
Any transfer of title or beneficial ownership of Interests upon default, foreclosure, forfeit, divorce, court order or otherwise than by a voluntary decision on the part of a Management Member or Outside Member (each, an “Involuntary Transfer”) shall be void unless the Management Member or Outside Member complies with this Section 12.4 and enables the Company to exercise in full its rights hereunder.
The person executing this Agreement on behalf of each Investor Member and each Outside Member has full power and authority to bind such Investor Member or such Outside Member to the terms hereof.
Each Investor Member and Outside Member further represents and warrants that it has all necessary power and authority to enter into this Agreement to carry out the transactions contemplated herein.
Any Outside Member renting the Clubhouse may use the pool facilities when the following conditions are met.
Each Credit Party keeps correct and accurate records itemizing and describing the type, quality, and quantity of Inventory and the book value thereof in all material respects.
Outside Member shall not serve or sell to or allow the consumption of alcohol by any minors on the Premises.

More Definitions of Outside Member

Outside Member has the meaning assigned to it in the preamble to this Agreement.

Outside Member means any Member other than a REIT Member.

Outside Member means any member of the Board of Directors who is not an executive officer or employee of the Company.

Outside Member means a Non-Resident sponsored by a Facility Member in good standing.

Outside Member means any person or entity that is not an Owner within the Community and wishes to use the Club Facilities on a temporary or permanent basis, and has applied for and been accepted for membership by the Club in accordance with the membership categories available to persons other than Owners as set forth in the Membership Plan or is otherwise permitted to use the Club Facilities by the Club Owner or Club Operator. Outside Members shall be subject to the same restrictions and covenants as Members as set forth in this Club Declaration, to the extent applicable.