Primary Springing Member definition

Primary Springing Member means CBL/REIT, and any successor thereto.
Primary Springing Member means CBL & Associates Properties, Inc., a Delaware corporation, and any successor thereto.

Examples of Primary Springing Member in a sentence

In order to implement the admission to the Company of the Special Member, each of the Primary Springing Member and the Secondary Springing Member shall execute a counterpart to this Agreement.

Prior to its admission to the Company as Special Member, each Person acting as a Primary Springing Member or Secondary Springing Member shall not be a member of the Company.

If, however, at the time of a Member Cessation Event, the Primary Springing Member has been dissolved or is otherwise no longer able to step into the role of Special Member, then in such event, the Secondary Springing Member shall without any action of any Person and simultaneously with the Member Cessation Event, automatically be admitted to the Company as a member and shall continue the Company without dissolution.

If, however, at the time of a Member Cessation Event, the Primary Springing Member is no longer able to step into the role of Special Member, then in such event, the Secondary Springing Member shall without any action of any Person and simultaneously with the Member Cessation Event, automatically be admitted to the Company as Special Member and shall continue the Company without dissolution.

Related to Primary Springing Member

Member means any of the entities that make up the joint venture/consortium/association, and “Members” means all these entities.
Company means the Person named as the “Company” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person.
Director means a member of the Board.
Person means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.
Affiliate of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.
Board means the Board of Directors of the Company.
Agreement has the meaning set forth in the preamble.
Secretary means the Secretary of the Department of Health and Human Services or his designee.
Code means the Internal Revenue Code of 1986, as amended.
Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.
Contract means the agreement that results from the acceptance of a bid by an organ of state;
Department means the department of natural resources.
Act when used with respect to any Holder, has the meaning specified in Section 104.
Founding Member means any individual who is either:
Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.
crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;
Class B Member means a Member holding one or more Class B Ordinary Shares.
Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);
Continuing Member means, as of any date of determination any member of the Governing Body of Company who (i) was a member of such Governing Body on the Closing Date or (ii) was nominated for election or elected to such Governing Body with the affirmative vote of a majority of the members who were either members of such Governing Body on the Closing Date or whose nomination or election was previously so approved.
Non-Managing Member means any Member other than the Managing Member.
Initiating Member shall have the meaning provided in Section 15.2(a).
Restricted Mezzanine Holder A holder of a related mezzanine loan that has been accelerated or as to which the mezzanine lender has initiated foreclosure or enforcement proceedings against the equity collateral pledged to secure such mezzanine loan.
Founding Members means the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.
Selling Member has the meaning set forth in Section 10.5(a).
Disposing Member is defined in Section 4.1.