PMB Member definition

PMB Member means, with respect to each Approved Property, an affiliate of PMB which is formed by PMB to be a member of the JV Entity along with the NHP Member (it being acknowledged and agreed that the PMB Member may be an entity managed and controlled by an affiliate of PMB in which any hospitals or doctors that may be affiliated with or tenants of such Approved Property are members or partners and/or in which members, officers or employees of PMB may be members or partners).
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Examples of PMB Member in a sentence

  • At the time of each Class A OP Unit Recipient’s investment in the PMB Member, PMB received representations from such Class A OP Unit Recipient that it was an Accredited Investor at the time of such investment in the PMB Member.

  • The PMB Member has timely and properly filed (or timely requested extensions with respect to) all material federal, state, local and foreign tax returns, reports and forms for which it is or has been required to file and, all such returns, reports and forms are (or were at the time of their filing) true, correct and complete in all material respects.

  • As used herein, the term “Cap” shall mean with respect to PMB and the PMB Member, an amount equal to three percent (3%) of the sum of the PMB Member’s Contribution Value Amount and the PMB Member’s Percentage Interest of the outstanding balance of the Loan Obligations.

  • If Transferee prepares a PPM Update as provided herein, then PMB and the PMB Member shall promptly deliver the PPM Update to the Transferor Parties.

  • PMB, the PMB Member and each Transferor Party shall have delivered to Escrow Agent or Transferee, as the case may be, such funds, documents or instruments as are required to be delivered by such parties pursuant to the terms of this Agreement.

  • As used herein, the term “Threshold” shall mean with respect to PMB and the PMB Member, the sum of $50,000.00.

  • To the “knowledge” (as defined in (or to be defined pursuant to) Section 1.19(a) hereof) of PMB and the PMB Member, the PMB Member is not in material default of any of its duties, covenants or obligations under the JV Agreement.

  • Based on each party’s comments, if any, regarding the Preliminary Closing Statement, Escrow Agent shall revise the Preliminary Closing Statement and deliver a final, signed version of a closing statement to Transferee, the NHP Member, PMB and the PMB Member for the Closing (the “Closing Statement”).

  • For example, if the Continuing Entity is owned 80% by the OP (or a subsidiary thereof) and 20% by the PMB Member (on behalf of the Continuing Partners), then Transferee and the Continuing Entity will only owe eighty percent (80%) of any proration adjustment to be made after the Closing of the Investment Entity Transaction.

  • At or prior to the Closing, all the Required Interest Holder Consents shall have been obtained (understanding that Transferee shall reasonably cooperate with PMB and the PMB Member in obtaining such Required Interest Holder Consents).

Related to PMB Member

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

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

  • Founding Member means any individual who is either:

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

  • lay member means a member of the Authority, who is not, nor has been: