Failure to Maintain Membership in Good Standing Sample Clauses

The "Failure to Maintain Membership in Good Standing" clause defines the consequences if a party does not uphold the requirements necessary to remain a member in good standing within an organization or association. Typically, this means adhering to rules, paying dues, or meeting other obligations set by the group. If a member fails to meet these standards, they may face penalties such as suspension, loss of privileges, or even expulsion. This clause ensures that all members are held to consistent standards and provides a clear process for addressing non-compliance, thereby maintaining the integrity and orderly operation of the organization.
Failure to Maintain Membership in Good Standing. In the event of suspension, expulsion for non-payment of fees, union dues, fines or assessments, or resignation from the Union of any employee covered by this Agreement, upon notice in writing from the Union to that effect, the Employer shall immediately discontinue the employment of such employee.
View SourceView Similar (4)
Failure to Maintain Membership in Good Standing. The Union shall notify the Company in writing, when it is determined by the Union, that an employee has failed to maintain their membership in good standing in the Union. The Company agrees to suspend or discharge the employee ten (10) days after receipt of such notification. If within the ten (10) day period the Union notifies the Company that the employee is again a member in good standing the original notification shall be considered to be null and void and the employee shall not be suspended or discharged.
View SourceView Similar (2)
Failure to Maintain Membership in Good Standing 
View Source

Related to Failure to Maintain Membership in Good Standing

  • Organization, Good Standing, Power, Etc The Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. This Agreement and the Other Buyer Agreements and the transactions contemplated hereby and thereby have been duly approved by all requisite corporate action. The Buyer has full corporate power and authority to execute, deliver and perform this Agreement and the Other Buyer Agreements, and this Agreement constitutes, and the Other Buyer Agreements will when executed and delivered constitute, the legal, valid and binding obligations of the Buyer, and shall be enforceable in accordance with their respective terms against the Buyer.

  • Corporate Organization and Good Standing The Company is a corporation ---------------------------------------- duly organized, validly existing, and in good standing under the laws of the State of Delaware and is duly qualified and in good standing in all other states where the nature of its business or operations or the ownership of its property requires such qualification.

  • Organization, Good Standing, Etc Each Loan Party (i) is a corporation, limited liability company or limited partnership duly organized, validly existing and in good standing under the laws of the state or jurisdiction of its organization, (ii) has all requisite power and authority to conduct its business as now conducted and as presently contemplated and, in the case of the Borrowers, to make the borrowings hereunder, and to execute and deliver each Loan Document to which it is a party, and to consummate the transactions contemplated thereby, and (iii) is duly qualified to do business and is in good standing in each jurisdiction in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except (solely for the purposes of this subclause (iii)) where the failure to be so qualified and in good standing could reasonably be expected to have a Material Adverse Effect.

  • Organization; Good Standing (a) Parent. Parent (i) is duly organized, validly existing and in good standing pursuant to the Laws of its jurisdiction of organization; and (ii) has the requisite power and authority to conduct its business as it is presently being conducted and to own, lease or operate its properties and assets.

  • Incorporation; Good Standing 43 7.1.2. Authorization. ...........................................................43 7.1.3. Enforceability. ..........................................................43 7.2.