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Common use of Defaulting Member Clause in Contracts

Defaulting Member. A Member who fails to pay all amounts then due from that Member under this Agreement.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (Lilli Ann LLC), Limited Liability Company Agreement (Lilli Ann LLC), Limited Liability Company Agreement (Lilli Ann LLC)

Related Clauses

  • Defaulting Lender Cure
  • Defaulting Banks
  • Defaulting Lender Waterfall
  • Defaulting Party
  • Defaulting Lenders

Parent Clauses

  • Definitions
  • Default
  • Required and Requested Additional Capital Contributions
  • The Members
  • Event of Default

Sub-Clauses

  • Remedies on Default
  • Events of Default
  • Default
  • Dilution
  • Rights Cumulative
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