Performing Member definition
Examples of Performing Member in a sentence
The paid for Services provided by one Initial Member (the “Performing Member”) shall be provided to the Company in accordance with the terms and conditions of a service agreement to be entered into by and among such Performing Member and the Company (the “Paid-For Services Agreement”).
Any amounts due the Performing Member arising from the Paid-For Services Agreement shall be funded by an additional Capital Contribution *** and shall be treated as a guaranteed payment to the Performing Member.
Receiving Member shall pay for services received from appropriation items or accounts of the Receiving Member from which like expenditures would normally be paid, based upon special vouchers drawn by the Receiving Member, or through electronic transactions, payable to Performing Member.
Payments for service performed shall be billed: Lump Sum_ Payments received by the Performing Member shall be credited to its current appropriation items(s) or account(s) from which the expenditures of that character were originally made.
Notwithstanding anything to the contrary, you agree that Registrar may, but is not obligated to, review and forward communications in connection with your domain name that it receives.
If a Defaulting Member does not cure its default within six (6) Months of the date of the Dilution Notice, the reallocation of the Profit Ratio shall be permanent and the Defaulting Member shall not be permitted to subsequently cure the default and restore the prior Profit Ratio without the express prior written consent of the Performing Member, which may be granted or withheld in the discretion of the Performing Member.
Executed by , as the Performing Member, this _ of , 20 by a duly authorized officer.
In such event, the performing Member ("Performing Member") may notify the Member in Default in writing (a "Default Notice") that this Contract has been breached, the nature of the breach, and that the breach, if capable of being remedied, shall be remedied within sixty (60) days of the date of such Default Notice.
Any amounts advanced by the Performing Member under this Section 2.5.5, whether on its own behalf or on behalf of the Defaulting Member shall be treated as a loan (a "Capital Loan") notwithstanding that such funds may originally have been advanced by the Performing Member as an Additional Capital Contribution.
If the breach is not capable of being remedied or, if so capable, has not been remedied by the end of such sixty (60) day period, any Performing Member shall have the right at any time to refer the matter to dispute resolution under this Contract or to exercise its other rights hereunder (including under Article 19.4), under other agreements and at law.