Owner Member definition
Examples of Owner Member in a sentence
The Borrower shall have provided the Administrative Agent with all documents reasonably requested by the Administrative Agent related to the Solar Assets being financed by the Borrower (indirectly through its ownership of the Solar Asset Owner Member Interests) on such Funding Date.
Each Employer may designate no more than two (2) owners, partners or a person’s holding proprietary interest in the business as an Owner Member of the Union, said individuals shall become Owner Members of the Union.
The Administrative Agent shall have received a certificate from the Borrower that all sales, use and property taxes, and any other taxes in connection with any period prior to the Original Closing Date, that are due and owing with respect to each Solar Asset and/or Solar Asset Owner Member Interest have been paid or provided for by the Parent.
In the event that Buyer incurs any liability or cost in respect of its obligation for fulfilling any federal and/or state COBRA and continuation of coverage requirements with respect to the Seller’s current or former employees (other than employees, if any, who continue employment with Buyer immediately following the Closing), the Seller, the Owner and the Owner Member shall reimburse Buyer for such liability or cost.
Neither this Agreement nor any rights or obligations hereunder may be assigned by any Party hereto without the prior written consent of all other Parties, provided that Buyer may assign its rights to an affiliate of Buyer without prior written consent of the Seller, the Owner or the Owner Member or may make a collateral assignment thereof to any lender providing financing to Buyer in connection with the transactions contemplated hereby.