Qualification for Membership Clause Samples

The 'Qualification for Membership' clause defines the criteria and requirements that individuals or entities must meet to become members of an organization, association, or group. Typically, this clause outlines eligibility factors such as age, residency, professional credentials, or payment of dues, and may specify any disqualifying conditions like conflicts of interest or prior misconduct. By clearly establishing who can join, the clause ensures that membership is limited to those who meet the organization's standards, thereby maintaining the integrity and purpose of the group.
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Qualification for Membership. 1.1 Anyone can register as a member regardless of age, gender, education, race, religion, or status. However, subject to the following instructions: A. A person is restricted from joining a multi-level marketing in accordance with Malaysia laws and regulations. . B. Officers and Employees of the company and its subsidiaries. C. Persons are under 18 years of age. Failure to observe the restriction by the registrant, the company may cancel the membership immediately and will have no obligation whatsoever.
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Qualification for Membership. You authorize the Credit Union to verify or obtain further information about you, as it may deem necessary, including through the use of reports obtained from consumer reporting agencies and in accordance with the Credit Union’s Customer (Member) Identification Program adopted pursuant to the USA PATRIOT Act. You understand that in the case of accounts for minors, qualification and approval is based in part upon the responsible party’s information obtained. You further authorize the Credit Union to use information obtained through use of such reports for the purpose of marketing other Credit Union products and services to you.
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Qualification for Membership. A person may be a member of or acquire a membership interest in a limited liability company unless the person lacks capacity apart from this code.
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Qualification for Membership. Membership is subject to approval by the Board in its sole discretion. The final decision on qualification of an applicant for Membership rests solely with the Board, and acceptance of an applicant shall be subject to a satisfactory credit check and background check. Upon notice of acceptance of an applicant, the applicant shall pay the Membership Fee and any other Assessments, Dues and fees and charges associated with such Membership within ten (10) days of the date of said notification, failing which, acceptance shall be null and void.
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Qualification for Membership. Persons and entities paying the annual dues or membership fees as determined by the board and demonstrating an interest in economic development in Ottawa or Allegan Counties, Michigan, lakeshore area may become members of the corporation, upon acceptance by the board.
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Qualification for Membership. Membership is subject to approval by the Board in its sole discretion. The final decision on qualification of an applicant for Membership rests solely with the Board. Acceptance, and acceptance of an applicant shall be subject to a satisfactory credit check and background check at the discretion of the Board. Upon thenotice of acceptance of an applicationapplicant, the applicant shall be notified by the Board, and the applicant shall become a Member for the class of Membership for which the applicant applied and shall pay the Membership Fee and any other Assessments, Dues and fees and charges associated with such Membership, within ten (10) days of the date of said notification; otherwise, such Membership approval shall be canceled, failing which, acceptance shall be null and void.
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Related to Qualification for Membership

  • Qualification Rights Masterworks will have the right to request that the Company qualify on Form 1-A, or a comparable form, the resale of any Class A shares beneficially owned by Masterworks or any entity administered by Masterworks. There are no limitations or restrictions on the size or frequency of such qualification requests, other than pursuant to applicable law, provided, that all costs associated with any such qualification shall be the responsibility of Masterworks.

  • Qualification to do Business Each of the Company and its Subsidiaries is duly qualified to do business as a foreign corporation, limited liability company or partnership (as the case may be) and is in good standing or similar concept in every jurisdiction in which the character of the properties owned or leased by it or the nature of the business conducted by it makes such qualification necessary, except where the failure to be so qualified or in good standing would not, individually or in the aggregate, have a Company Material Adverse Effect.

  • Qualification and Taxation as a REIT The Company will use its best efforts to continue to meet the requirements for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 2016, and the Company will use its best efforts to continue to qualify for taxation as a REIT under the Code unless and until the Company’s board of trustees determines in good faith that it is no longer in the best interests of the Company and its shareholders to be so qualified.

  • Qualification in State Each of the Company and any Sponsor Affiliates warrant that it is duly qualified to do business in the State, and covenants that it will continue to be so qualified so long as it operates any portion of the Project.

  • Membership Eligibility To join the Credit Union, you must meet the membership requirements, including purchase and maintenance of the minimum required share(s) (“membership share”) as set forth in the Credit Union’s bylaws. You authorize us to check your account, credit and employment history, and obtain reports from third parties, including credit reporting agencies, to verify your eligibility for the accounts and services you request.