CHANGE IN MEMBERSHIP Sample Clauses
The "Change in Membership" clause governs how alterations to the composition of a group, organization, or partnership are managed under an agreement. It typically outlines the procedures to follow if a member joins or leaves, such as requiring notification, approval from existing members, or triggering a review of the agreement’s terms. This clause ensures that all parties are aware of and consent to changes in membership, thereby maintaining stability and preventing disputes arising from unexpected shifts in the group’s structure.
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CHANGE IN MEMBERSHIP. The Investment Adviser shall notify the Company of any change in its membership within a reasonable time after such change.
CHANGE IN MEMBERSHIP. The Investment Adviser shall notify the Fund of any change in its membership within a reasonable time after such change.
CHANGE IN MEMBERSHIP. Ameriprise Financial is a domestic limited liability company and its sole member is AMPF Holding Corporation. We will notify you of any change in the membership of Ameriprise within a reasonable time after such change.
CHANGE IN MEMBERSHIP. If Borrower or Guarantor is a limited liability company, any change in ownership of twenty-five percent (25%) or more of the membership interest of Borrower or Guarantor is an Event of Default.
CHANGE IN MEMBERSHIP. The Member shall have the right or power, directly or indirectly, to sell, assign, transfer, give, hypothecate, pledge, encumber or otherwise dispose of all or any portion of its interest as a Member in the Company to any Person (a "Transferee"). Any Transferee may be admitted as a Member with the consent of, and upon such terms (including the capital contribution to be made and the Membership Interest to be received) as may be determined by the Member. Upon the admission of a Transferee as a Member, Exhibit A annexed hereto shall be amended to reflect each Member's revised Membership Interest. No Transferee shall become a Member until the Transferee has become a party to, and adopted all of the terms and conditions of, this Agreement.
CHANGE IN MEMBERSHIP. The Practice Group shall promptly notify the TPA if:
(a) any Member of the Practice Group ceases to be a Member of the Practice Group; or
(b) the Practice Group admits a new Member.
CHANGE IN MEMBERSHIP. The Sub-Adviser shall notify the Manager of any change in the membership of the Sub-Adviser within a reasonable period of time following such a change.
CHANGE IN MEMBERSHIP. The Investment Manager shall notify the Supervisory Committee of any change in its membership within a reasonable time after such change.
CHANGE IN MEMBERSHIP. BEA shall notify SBAM, the Sub-Adviser and the Company of any change in its membership within a reasonable time after such change.
CHANGE IN MEMBERSHIP. (Applicable only to Partnerships). This Agreement will continue in full force and effect until terminated pursuant to paragraph 16 above, regardless of changes in your membership through the death or withdrawal of one or more partners or the addition of one or more partners or otherwise.