Principal Membership definition

Principal Membership means a membership which is granted by NPCI for the RuPay Card Scheme to the Bank in India or any of its subsidiary or joint venture entity formed by the Bank with other entities;
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Principal Membership means a membership which is granted by NPCI for the RuPay Card Scheme to the
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Principal Membership means a membership which is granted by NPCI for the ‘uPay Card “cheme to the
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Examples of Principal Membership in a sentence

  • In the Conversion, shares of MC Global Class A Stock and MC Global Class B Stock will be issued in respect of and in proportion to each of the Principal Membership Interests held by the Members Outside Europe and the European Members immediately prior to the Conversion.

  • The Entity will be issued two membership cards: a Principal Membership Card for use by the chief executive of the Entity, which is non-transferable, and a Transferable Membership Card, which will be transferable and may be thus used by any person employed by the Entity, as well as officers, directors, members, and managers of, or partners in, the Entity.

  • All Principal Membership Units authorized to be issued shall have a par value of $1.00 per Principal Membership Unit and be of a single class with identical rights.

  • The aggregate number of Principal Membership Units which the Company is authorized to issue is One Million (1,000,000) units.

  • If less than said percentage of Principal Members are represented at a meeting, a majority of the holders of the Principal Membership Units so represented may adjourn the meeting from time to time without further notice.

  • In the Conversion, shares of MC Global Class A Stock and MC Global Class B Stock will be issued in respect of and in proportion to each of the existing Principal Membership Interests held by the Members Outside Europe and the European Members.

  • Special meetings of the Members, for any purposes, unless otherwise provided by statute, may be called by the Management Committee, the President, or Principal Members holding no less than sixty-three percent (63%) of Principal Membership Units.

  • The Company shall indemnify its employees and other agents who are not Managers to the fullest extent permitted by law, provided that such indemnification in any given situation is approved by Principal Members owning a majority of the Principal Membership Units.

  • At any meeting of the Members, Principal Members owning sixty-three percent (63%) of the Company's Principal Membership Units, represented at such meeting, shall constitute a quorum.

  • This category of membership is open to all other persons, firms and companies with an interest in the grain and oilseed industries, except those that qualify for Principal Membership.