Regulated Member definition
Examples of Regulated Member in a sentence
Any such voting right equal to or in excess of ten percent (10%) that would be received, transferred or otherwise obtained by a member together with its Associate Companies shall be automatically allocated in equal portions to the other members for so long as and to the extent that the ownership of such voting rights would cause the voting rights of the PUHCA Regulated Member together with its Associate Companies to equal or exceed ten percent (10%) or more of the total voting rights in the Company.
As to each of the following companies that will be a PUHCA Regulated Member once such company becomes a member (each a "Registered Company"), the effectiveness each Registered Company's admission as a member of the Company pursuant to this Agreement is conditioned on the Registered Company receiving approval from the Securities and Exchange Commission under PUHCA to perform, directly or indirectly through any associate company (as such term is defined in PUHCA), this Agreement.
Upon the written request of any Regulated Member made within 5 days after its receipt of any such notice stating that after giving effect to such action such Regulated Member would have a Regulatory Problem, the Company shall defer taking such action for such period (not to extend beyond 15 days after such Regulated Member's receipt of the Company's original notice) as such Regulated Member requests to permit it and its Affiliates to avoid the Regulatory Problem in accordance with this Agreement.
As to each of the following companies that will be a PUHCA Regulated Member once such company becomes a member (each a “Registered Company”), the effectiveness each Registered Company’s admission as a member of the Company pursuant to this Agreement is conditioned on the Registered Company receiving approval from the Securities and Exchange Commission under PUHCA to perform, directly or indirectly through any associate company (as such term is defined in PUHCA), this Agreement.
Each of the Members hereby represents and warrants that on the date hereof there exists no circumstance or state of facts which would cause such Member to be or become a Regulated Member.