Preemptive Member definition

Preemptive Member is defined in Section 6.06(a).
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Preemptive Member shall have the meaning set forth in Section 14.1. “Preemptive Notice” shall have the meaning set forth in Section 14.2. “Preemptive Reply” shall have the meaning set forth in Section 14.2. “Preemptive Right” shall have the meaning set forth in Section 14.1. “Preemptive Securities” shall have the meaning set forth in Section 14.1.
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Preemptive Member has the meaning set forth in Section 3.07(a).
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Examples of Preemptive Member in a sentence

  • The closing of any purchase by any Pre-emptive Member shall be consummated concurrently with the consummation of the issuance or sale described in the Issuance Notice.

  • No later than ten (10) Business Days following the expiration of the Exercise Period, the Company shall notify each Pre-emptive Member in writing of the number of New Securities that each Pre-emptive Member has agreed to purchase (including, for the avoidance of doubt, where such number is zero) (the “Over-allotment Notice”).

  • The failure of a Pre-emptive Member to deliver an Acceptance Notice by the end of the Exercise Period shall constitute a waiver of its rights under this Section 9.1 with respect to the purchase of such New Securities, but shall not affect its rights with respect to any future issuances or sales of New Securities.

  • The delivery of an Acceptance Notice by a Pre-emptive Member shall be a binding and irrevocable offer by such Member to purchase the New Securities described therein.

  • Each Pre-emptive Member shall for a period of twenty (20) Business Days following the receipt of an Issuance Notice (the “Exercise Period”) have the right to elect irrevocably to purchase all or any portion of its Pro Rata Portion of any New Securities at the respective purchase prices set forth in the Issuance Notice by delivering a written notice to the Company (an “Acceptance Notice”) specifying the number of New Securities it desires to purchase.

  • In the event that the consideration received by the Company in connection with an issuance is property other than cash, each Preemptive Member (or an Affiliate thereof) that elects to exercise its Preemptive Right pursuant to this Section 14.2 may, at its election, pay in cash the fair market value, as determined by the Board in good faith, of such non-cash consideration on a per-Preemptive Security basis.

  • A Preemptive Reply shall constitute an irrevocable commitment by such Preemptive Member (or an Affiliate thereof) to purchase such Preemptive Securities if the issuance occurs on the terms contemplated in the Preemptive Notice.

  • Such Preemptive Reply shall also include the maximum number of Preemptive Securities the Preemptive Member (or an Affiliate thereof) would be willing to purchase in the event any other Preemptive Member elects to purchase less than its pro rata portion of such Preemptive Securities.

  • After receiving a Preemptive Notice, any Preemptive Member that desires to exercise its Preemptive Right must give notice to the Company in writing, within five (5) Business Days after the date that such Preemptive Notice is delivered, specifying (i) that such Preemptive Member (or an Affiliate thereof) desires to purchase Preemptive Securities of such issuance and (ii) the number of such Preemptive Securities, up to the applicable Preemptive Amount (the “Preemptive Reply”).

  • No later than five (5) days following the expiration of the Exercise Period, the Company shall notify each Pre-emptive Member in writing of the number of New Securities that each Pre-emptive Member has agreed to purchase (including, for the avoidance of doubt, where such number is zero) (the “Over-allotment Notice”).


More Definitions of Preemptive Member

Preemptive Member shall have the meaning set forth in Section 14.1.
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Related to Preemptive Member

  • Founding Member means any individual who is either:

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Founding Members means those public school districts, cities, counties, and other governmental units that are signatories to the Joint Powers Agreement and have a voting member serving on the JPA's Board of Directors.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Preemptive Right has the meaning set forth in Section 5.1 hereof.

  • Preemptive Rights has the meaning given such term in Section 6.04(a).

  • Limited Partners means all such Persons.

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Preferred Member means a Member holding Preferred Units.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • Active member means a member of the pension program or the individual account program

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • General Partner Loan shall have the meaning set forth in Section 4.3.B.

  • Preferred Shareholder means any holder of Preferred Shares.

  • Defaulting Shareholder has the meaning set out in clause 16.7;

  • Unit Holder means the owner of one or more Units.

  • Defaulting Member the meaning set forth in Section 3.2(a).

  • Public member means an individual who is not, and never

  • Bona fide member means an individual who participates in activities of a qualified organization

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Unit Holders means all Unit Holders.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Voting Member means a Member holding one or more Voting Shares.