Examples of Transferring Member in a sentence

If any Member wishes to transfer its interest or any portion thereof (a "Transferring Member") to a Non-Member, it shall first obtain the written approval from all the Members (other than the transferring Member), which approval may be withheld for any reason or no reason, in the sole discretion of such Member or Members.
No transferee may succeed to any portion of the Loss Carryforward Account applicable to the Transferring Member unless the transfer of the Interest or portion of the Interest results in no change in beneficial ownership in the Interest or portion of the Interest.
The homogenization of various similar products is becoming more and more serious.
No Transfer of a Membership Interest shall effect a release of the Transferring Member from any liabilities to the Company or the other Members arising from events occurring prior to or in connection with the Transfer.
The Transferring Member and its Transferee shall pay, or reimburse the Company and each other Member for, all reasonable costs and expenses incurred by the Company and such other Members in connection with the Transfer and admission, on or before the tenth day after the receipt by that Person of the Company’s or such other Member’s invoice for the amount due.

More Definitions of Transferring Member

Transferring Member means a Person making a Transfer.

Transferring Member has the meaning set forth in Section 8.1(a) of this Agreement.

Transferring Member has the meaning set forth in Section 8.03(a).

Transferring Member means a Member who Transfers all or any portion of his/her/its Economic Interest or Interest.

Transferring Member is defined in Section 9.2(a).

Transferring Member shall collectively mean a Selling Member and a Gifting Member.

Transferring Member means, with regard to any transaction, any Member who attempts to Transfer any of its Membership Interest or with regard to whose Membership Interest an option is exercised pursuant to this Agreement.