Terminating Member definition

Terminating Member has the meaning set forth in Section 8.4.

Terminating Member has the meaning set forth in Section 2.01(a) of the Put/Call, Registration Rights and Standstill Agreement.

Terminating Member shall have the meaning given such term in Section 10.8.

Examples of Terminating Member in a sentence

• The death, adjudication of insanity or Bankruptcy of any Member (the “Terminating Member”) shall not dissolve the Company, unless the remaining Members, within thirty (30) days of such death, adjudication of insanity or Bankruptcy, unanimously consent to terminate the business of the Company and not purchase the interest of the Terminating Member in accordance with Section 11.2.

• In the event of the death, adjudication of incompetence, Bankruptcy or the giving of notice by a Terminating Member pursuant to Section 8.6, the remaining Members (the “Remaining Members”) shall be required (the “Members’ Mandatory Call”) to purchase all, but not less than all, of such Terminating Member’s Ownership Interests (the “Terminating Interests”) at the Fair Market Value.

• In the event of the death, adjudication of incompetence, Bankruptcy or the giving of notice by a Terminating Member pursuant to Section 8.6 the remaining Members (the “Remaining Members”) shall be required (the “Members’ Mandatory Call”) to purchase all, but not less than all, of such Terminating Member’s Ownership Interests (the “Terminating Interests”) at the Fair Market Value.

• Any such revocation shall not operate as a release of the Non-Terminating Member from any liability it may have to the Terminating Member for any breach of its obligations under this Agreement and such revocation shall not in any way preclude the Terminating Member from exercising any right or power hereunder or otherwise available to it at law or in equity as a result of any such breach.

• Specifically, it found that “many patents held by the government had not been commercialized” (Sarpatwari, Kesselheim and Cook-Deegan 2022, 882).

More Definitions of Terminating Member

Terminating Member has the meaning set forth in Section 2.01(a).

Terminating Member shall have the meaning given to such term in the DCP Sand Hills LLC Agreement or DCP Southern Hills LLC Agreement, as applicable.

Terminating Member shall have the meaning set forth in Section 5.6(a).

Terminating Member means a Member or Transferee who is to receive a Termination Payment as a result of dissociation and redemption.

Terminating Member means the Belvedere Member whose termination of employment gives rise to an Option Event.

Terminating Member has the meaning set forth in Section 7.5.

Terminating Member has the meaning set forth in Section 8.4. FIRST AMENDMENT TO CHOICE ONE COMMUNICATIONS RESALE L.L.C. LIMITED LIABILITY OPERATING AGREEMENT This FIRST AMENDMENT CHOICE ONE COMMUNICATIONS RESALE L.L.C. LIMITED LIABILITY OPERATING AGREEMENT (“Amendment”) is entered into as of May 9, 2011 by and between CHOICE ONE COMMUNICATIONS RESALE L.L.C. (the “Company”) and its Member.