Series Member definition

Series Member means a Person who has made a Capital Contribution to the Company in exchange for Membership Interests in a Series of the Company. Subsidiary or Subsidiaries shall mean the single purpose limited liability companies formed by the Founder to take title to individual Properties.

Series Member shall have the meaning set forth in the preamble of this Agreement, which may include the Member if the Member makes a Capital Contribution to a Series.

Series Member shall have the meaning set forth in the Preamble of this Agreement.

Examples of Series Member in a sentence

• A Series Member may earn Distributions only from the Series to which it is admitted as a Member.

• Each Series Member shall contribute to such Series in the amount set forth in a Series Agreement as its Initial Capital Contribution to the Company with respect to such Series.

• An Involuntary Transferee shall not be deemed a Series Member until such time if ever, that they seek admission and are approved as a Substitute Member(s) of a Series.

• A Series Manager shall not be liable to the Company, the Series with which it is associated, or to any other Series Member or Series for any loss or damage sustained by such Series or Series Member, unless the loss or damage shall have been the result of fraud, deceit, gross negligence, willful misconduct or a wrongful taking by the Series Manager.

• The resignation of a Series Manager who is also a Member of a Series shall not affect its Series Membership Interests and shall not constitute its withdrawal as a Series Member.

More Definitions of Series Member

Series Member shall have the meaning assigned to it in Section 3.1.

Series Member means, as of any date of determination, any owner of one (1) or more Membership Unit(s) or Profits Unit(s) of a particular Series as reflected on Company’s or such Series’ books and records, subject to the requirements set forth herein for admission as a Series Member of such Series, and includes, without limitation, Voting Members and Profits Members.

Series Member means a Member of a particular Series.

Series Member means any Person who makes Capital Contributions to a Series and is accepted by the Manager of that Series, but not of the Company generally or of any other Series created hereunder.

Series Member means the Sole Member, the V Members and any other Person admitted as an additional member of the Company associated with a Series or a substitute member of the Company associated with a Series pursuant to the provisions of this Agreement, each in its capacity as a member of the Company associated with such Series.

Series Member means a Member with respect to a particular Series.ENDIF‌

Series Member. With respect to any Series as of any date, each Record Holder of Series Interests in such Series.