Transferor Member definition

Transferor Member has the meaning set forth in Section 5.02(b).
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Transferor Member has the meaning set forth in Section 13.10(d).
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Transferor Member shall have the meaning set forth in Section 12.2(a).
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Examples of Transferor Member in a sentence

  • As of the date of such Transfer, the Transferee Member shall succeed to the Capital Account of the Transferor Member with respect to the transferred Units.

  • To the extent of any Ownership Interest transferred, the Transferor Member does not possess any right or power as a Member and may not exercise any such right or power directly or indirectly on behalf of the Transferee.

  • As of the date of such Transfer, the Transferee Member shall succeed to the Capital Account of the Transferor Member with respect to the Transferred Units.

  • Notwithstanding the preceding sentence, following any Transfer (within the meaning of (S) 754 of the Code) of an Ownership Interest, the Tax Matters Partner will make the election under (S) 754 of the Code upon the timely written request of either the Transferor Member or the Transferee.

  • If the Transferor Member shall fail to pay the negative Capital Account balance, the Company shall have the right to set-off or recoup any such amounts from any distributions due to, or from any amounts owed by the Company to, the Transferor Member, the transferee Member or the assignee.

  • If a Transferor Member has a negative Capital Account balance, the Transferor Member shall pay the Company the amount of the negative Capital Account balance as of the transfer date.

  • To the extent of any Ownership Interest Transferred, the Transferor Member will not possess any right or power as a Member and may not exercise any such right or power directly or indirectly on behalf of the Transferee.

  • However, each Transferee of all or any part of an Ownership Interest will be subject to all of the obligations, restrictions and other terms contained in this Agreement as if such Transferee were a Member, including Section 6.5. To the extent of any Ownership Interest Transferred, the Transferor Member does not possess any right or power as a Member and may not exercise any such right or power directly or indirectly on behalf of the Transferee.

  • A Transferee may be admitted as a substitute Member of the Company only upon the affirmative written agreement of all of the Members (excluding the Transferor Member), effective upon a date specified (which must be on or after the effective date of the Transfer, as determined under Section 13.5).

  • No Transferor Member, nor any affiliate of any Transferor Member nor any employee of the Transferor Company is presently indebted to the Transferor Company for borrowed money and, except for the Construction Loan, the Transferor Company is not presently indebted for borrowed money to any of the foregoing persons.


More Definitions of Transferor Member

Transferor Member means any Member who sells or transfers, or offers to sell or transfer, or attempts to sell or transfer his Units in the Company to another Person; or any Member who is subject to a voluntary or involuntary withdrawal.
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Transferor Member has the meaning set forth in Section 11.4. -----------------
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Transferor Member has the meaning specified in Section 11.1.
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Transferor Member. ‎5.02(b) “Withholding Advances” ‎5.06(b)
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Related to Transferor Member

  • Investor Member means a member that has made a contribution to a limited cooperative association and:

  • Transferor Company means a company that conveys an interest in shares.

  • Investor Members mean those Persons who acquire Interests in the Initial Offering or Subsequent Offering and their successors and assigns admitted as Additional Economic Members.

  • Transferor Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Transferors means the entities acting as Transferors under the Pooling and Servicing Agreement.

  • Transferor Interest has the meaning specified in the Transfer Agreement.

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

  • Participating Entity Any Subcontractor or Subservicer which is “participating in the servicing function” within the meaning of Item 1122 of Regulation AB; provided, further, for the purposes of the third paragraph of Section 7.04(c), that a “Participating Entity” shall be determined without respect to any threshold limitations in Instruction 2. to Item 1122 of Regulation AB. Person: Any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof.

  • Redeeming Partner has the meaning set forth in Section 8.6.A.

  • Class B Holder means the Person in whose name a Class B Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Class B Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an Authorized Officer of Trustee to be an Affiliate of the Transferor or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained.

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • Interest Holder means any Person who holds an Interest, whether as a Member or as an unadmitted assignee of a Member.

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

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

  • Minimum Transferor Interest means, with respect to any period, --------------------------- 4% of the average of the aggregate amount of Principal Receivables for such period.

  • Other Member means a Voting Member who is not an Eligible Account Holder or a Supplemental Eligible Account Holder.

  • Transferor Certificate As defined in Section 5.02(b).

  • Redeeming Member has the meaning set forth in Section 11.01(a).

  • LTIP Unitholder means a Partner that holds LTIP Units.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.