Examples of Initial Member in a sentence
The Paying Agent is to credit such amount to the Collection Account until such time as it receives instructions from the Company (with the written consent of the PMN Agent and the Initial Member) stating that such amount should be credited to another Account in accordance with this Agreement, in which case it is to credit such amount, if still available, to the Account so designated by the Company (with the written consent of the PMN Agent and the Initial Member).
One original counterpart of such instrument is to be delivered to each of the Company, the Initial Member, the Private Owner, the PMN Agent, the predecessor Custodian and Paying Agent and the successor Custodian and Paying Agent.
A copy of each Asset Schedule and Exception List delivered to the Company is to be delivered contemporaneously to the Initial Member and to the PMN Agent and each Purchase Money Notes Guarantor.
The Cash Flow and Distribution Report will be a portion of the Monthly Report to be provided to the Paying Agent, the Initial Member, each Purchase Money Notes Guarantor and the PMN Agent in accordance with the LLC Operating Agreement.
Subject to the provisions of Section 9.1(c), the Bank at any time may resign and terminate its obligations as the Custodian and Paying Agent pursuant to this Agreement upon at least sixty days’ prior written notice to the Company, the Initial Member, the Private Owner and the PMN Agent.