Examples of Priority Members in a sentence
Junior, Standard, Senior, and Priority Members will receive an online account to manage tennis reservations, group and private lessons, clinics, and special events.
Except as otherwise provided in this Agreement, or as otherwise required by the Act, the Priority Members shall vote together as a single class on any matter requiring the approval or consent of the Members.
The Member desiring to Transfer Units shall be known as the “Disposing Member” and the Priority Members (other than the Disposing Member) shall be known as the “Non-Disposing Members” for purposes of this Agreement.
In the event the Company elects to borrow funds from one or more Members, each Priority Member shall have the right, but not the obligation, to loan to the Company his or its proportionate share of the aggregate principal amount of funds borrowed from the Member or Members, which amount shall be based upon such Member’s Percentage Interest (taking into account only the Percentage Interests of the Priority Members).
If any Member (other than a Priority Member holding a majority of the Class A Units) desires to Transfer all or a portion of the Member’s Units to any Person, such Transfer shall not constitute a Permitted Transfer unless such Member shall afford the Company and the Priority Members a right of first refusal pursuant to this Section 11.4.
A Member desiring to Transfer Units shall first provide to the Company and the Priority Members at least one hundred twenty (120) days’ prior written notice of the Member’s intention to make a Transfer of Units (the “Disposition Notice”), provided, however, that a Disposition Notice may be issued to the Company and the Priority Members by a Member only after such Member has received a bona-fide offer from an unrelated third-party relating to the Transfer of the Units that the Member desires to Transfer.
The Priority Members shall have the right to vote on the matters specifically reserved for their approval or consent set forth in this Agreement.
Any such shareholders agreement shall also include substantially equivalent demand and piggy back registration rights for the benefit of the Priority Members (and excluding the Members holding Class C Units) on customary terms and conditions.
Proposed Priority 5 – Create a Sustainable Environment in Which Communities Can Flourish2.18 Members concurred that this is an “Appropriate” priority for Cambridgeshire.2.19 Having regard to the first bullet point for this Priority, Members have reiterated the previous comments that they made in respect of future proofing homes for the elderly (paragraph 2.10).
A.1. Standard and Priority Members will receive an online account to manage tennis reservations, group and private lessons, clinics and special events.