Examples of Full membership in a sentence
Each holder of a Series B-1 Membership who satisfies the qualifications for and requirements of Full Membership in the Corporation as set forth in the Rules shall be entitled to the rights and privileges of, and shall be subject to the restrictions, conditions and limitations on, a Full Member as set forth in this Certificate of Incorporation, the Bylaws and the Rules.
Unless otherwise specifically provided herein, Full Membership is entitled to four (4) votes per membership, Sports Membership is entitled to two (2) votes per membership and Social Membership is entitled to one (1) vote per membership.
In order to downgrade a Full Membership or a Sports Membership, the Full Member or Sports Member must first resign his or her current membership.
The downgrade of a Full Membership or Sports Membership is not permitted.
Initial retail purchasers of previously unsold residences or homesites in Mizner will have an opportunity to upgrade to an available Full Membership or Sports Membership for each residence or homesite purchased in Mizner until the closing of the purchase of their residence or homesite in Mizner.