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.

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

  • 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).

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

  • 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.

  • Except as otherwise expressly provided herein, this Agreement shall be binding on and inure to the benefit of the Members, their heirs, executors, administrators, successors and all other Persons hereafter holding, having or receiving an interest in the Company, whether as Assignees, Substitute Members or otherwise.

  • When any Units or other Equity Securities of the Company are issued, repurchased, redeemed, converted or Transferred in accordance with this Agreement, the Member Schedule shall be amended by the Managing Member to reflect such issuance, repurchase, redemption or Transfer, the admission of Additional Members or Substitute Members and the resulting Percentage Interest of each Member.

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

  • The Original Members have agreed to amend the Agreement to provide for the inclusion of JAB as an Additional Member and to permit the Administrative Manager (a) to admit such other persons as he shall deem proper as Additional Members and (b) provide for and accept Substitute Members as he shall deem proper, all in his sole and exclusive discretion.

  • 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.


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.
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Substitute Members refers to all of the Substitute Members.
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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 9.3 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)