Examples of Breaching Member in a sentence
In such instance, the Chair (or Chair’s designee) shall timely notify the current Members and fix the time, place, and manner of a vote on whether to retain the Breaching Member as a Member of the Council (a “Retention Vote”).
If the Breaching Member fails to xxxxxx the requisite Retention Vote in support of its position on the Council, the Council shall be entitled to repurchase the Breaching Member’s Interest at the price equal to the Initial Capital Contribution plus any additional Capital Contributions.
If the Breaching Member fails to xxxxxx the requisite Retention Vote in support of its position on the Council, the Board shall be entitled to repurchase the Breaching Member’s Interest at the price equal to the Initial Capital Contribution plus any additional Capital Contributions.
In such instance, the Board shall timely notify the current Members and fix the time, place, and manner of a vote on whether to retain the Breaching Member as a Member of the Council (a “Retention Vote”).
The Disciplinary Subcommittee must not fine the Breaching Member.