Substitute Members definition

Substitute Members means those Persons admitted as Members in accordance with Section 9.4.
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Substitute Members mean any Person admitted to the Company as a Substitute Member pursuant to Section 9.5. ​
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Substitute Members means and refer to that Person or those Persons admitted to the Company as a Member, in accordance with the provisions of Article XII hereof and so reflected in Exhibit A.
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Examples of Substitute Members in a sentence

  • The Company shall not be dissolved by the admission of Substitute Members or Additional Members.

  • The Substitute Members shall have the same powers and responsibilities as the Core Members.

  • Substitute Members will have all the powers and duties of any ordinary Member of the committee but will not be able to exercise any special powers or duties exercisable by the person they are substituting.

  • Persons who become Substitute Members pursuant to Article 11.5 need not comply with clause (i) of the preceding sentence.

  • The obligations, rights and Interests of the Selling, purchasing, and any Substitute Members shall inure to and be binding upon the heirs, successors and permitted assignees of such Members subject to the restrictions of this Article.

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

  • Substitute Members will have all the powers and duties of any ordinary Members of the Committee but will not be able to exercise any special powers or duties exercisable by the person they are substituting.

  • Members and Substitute Members nominated by the GLLEP shall be non-voting Members unless the voting members of the Combined Authority determine otherwise in which case the GLLEP Member and Substitute Member shall be a voting Member of the Combined Authority on all issues falling for decision by the Combined Authority, subject to the provisions of this Scheme.

  • Persons who become Substitute Members pursuant to Section 11.2(b) need not comply with clause (i) of the preceding sentence.

  • The Company shall not be dissolved by the admission of Additional Members or Substitute Members in accordance with the terms of this Agreement.


More Definitions of Substitute Members

Substitute Members means those Persons admitted as Members in accordance with Section 8.5. "Tax Distribution Amount" means: (a) for any Member other than a Tax-Exempt Member, the amount of the Company's actual pre-tax Profit for the fiscal year as recorded on the Company's regulatory books of account. (1) multiplied by such Member's Percentage Interest; (2) with the product arrived at in (1) multiplied further by the Tax Liability Factor. (b) for any Tax-Exempt Member, zero. "Tax-Exempt Member" means a Member whose share of income or loss of the Company is exempt from federal income taxation pursuant to section 501 of the Code, or which is otherwise without an "actual of potential tax liability" within the meaning of FERC's Policy Statement on Income Tax Allowances with respect to its distributive share of Company Profit. "Tax Liability Factor" means the sum of the highest marginal corporation income tax rates in effect under the Code and state corporation income tax law (which latter shall be adjusted to reflect the deductibility of state income taxes under the Code), reflected in VTransco's rates, expressed as a percentage or as a decimal as the context requires. "Tax Matters Member" has the meaning provided in Section 5.7. "Terminating Capital Transaction" means the sale, exchange or other disposition of all or substantially all of the assets of the Company, after which transaction the existence of the Company is terminated. "Transfer" has the meaning provided in Section 8.1(b). "Transmission Assets" means the Transmission Facilities and any associated land rights. "Transmission Facility" means any duct, wire, line, conduit, pole, tower, equipment or other structure or associated equipment, controls or facility used for moving, transfering and/or transmitting electric power, energy, and/or ancillary sevices in bulk between points of supply and points at which it is transformed for delivery over a distribution system or is delivered to other electric systems, including facilities for communications control, and operation with respect to such activities, of the type or kind subject to the jurisdiction of FERC, that is contributed to or owned or leased by the Company, and including every type of asset now used by VELCO in its transmission business, and every type of asset which now or at a future time may be used in the transmission industry in accordance with Good Utility Practice. "VELCO" means Vermont Electric Power Company, Inc., a corporation duly organized under the la...
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Related to Substitute Members

  • Substitute Member means a Person who is admitted as a Member of the Company pursuant to Section 2.7 as a result of a Transfer of Shares to such Person.

  • Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.03 hereof.

  • Additional Members means those Members, if any, admitted to the Company after the Effective Date.

  • New Members As Defined By the Public Employees’ Pension Reform Act of 2013 (PEPRA)

  • Initial Members means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Member” means any of the Initial Members.

  • Original member of this retirement system means:

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Panel Member ’ means a member of a panel;

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • Additional Member means a Person admitted as a Member of the Company as a result of an issuance of Shares to such Person by the Company.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner without reference to any Limited Partner Interest held by it) which may be evidenced by Partnership Securities or a combination thereof or interest therein, and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • General Member means a member subject to the provisions of

  • Associate Members means the individuals or firms which have agreed to Joint Venture in connection with the Project;

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Tribal Member means an enrolled member of the Tribe.

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • Founding Members means the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.

  • Class B Members means all such Persons.

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • Structural member means any load-supporting member of a facility, such as beams and load-supporting walls, or any nonload-supporting member, such as ceilings and nonload-supporting walls.

  • Class A Members means those Members who have purchased Class A Interests.

  • Initial Member has the meaning set forth in the introductory paragraph.

  • Neutral Member has the meaning provided in Section 2. 1(f)(ii) of this Single Family Shared-Loss Agreement.