Remaining Member definition

Remaining Member shall have the meaning set forth in Section 7.3(a).

Remaining Member has the meaning set forth in Section 10.1.

Remaining Member means a Member who is not (i) a Transferring Member (in the case of a voluntary Transfer), or (ii) an Defaulting Member (in the case of a Default Event).

Examples of Remaining Member in a sentence

• Within fifteen (15) days after a Dissolution Event, each Remaining Member shall notify the Members in writing of whether (s)he chooses to purchase a portion of the Former Member’s Interest.

• To be clear there shall be no administrative expense assessment for the period from the date the Member became a terminated or Remaining Member to the end of that Plan Year.

• If any Remaining Member fails to exercise its option hereunder with regard to its pro rata portion of the Units within such 30 day period, the other Member(s) shall have an additional 10-day period in which to exercise an option to purchase such portion of the Units on the same terms as stated above.

• The obligation of each purchasing Remaining Member, and the Company, as applicable, to pay its portion of the balance due shall be evidenced by a separate promissory note executed by the respective purchasing Remaining Member or the Company, as applicable.

• If a Remaining Member fails to deliver a Tag Along Notice to the Selling Member within the period prescribed in this section, such Remaining Member will be deemed to have waived any tag along rights hereunder.

More Definitions of Remaining Member

Remaining Member has the meaning set forth in Section 4.3(a) hereof.

Remaining Member means and refer to any of the Remaining Members, individually.

Remaining Member or “Remaining Members” shall have the meaning provided in the Preamble to the First Amendment to Second Amended and Restated Limited Liability Company Agreement of Centennial Founders, LLC.

Remaining Member as defined in Section 14.10[b].

Remaining Member and “Remaining Members” have the respective meanings set forth in Section 10.1(b).

Remaining Member is defined in Section 10.2.3.

Remaining Member means the Member not being the recipient of an Offer, the Member who is not a Deceased Member, an Insolvent Member or a Withdrawing Member, or the Member who does not desire to accept a Purchase Offer.