Remaining Members Clause Samples

The 'Remaining Members' clause defines the rights and responsibilities of members who continue to be part of an organization or entity after one or more members have departed. Typically, this clause outlines how the remaining members may proceed with decision-making, manage the entity’s affairs, or admit new members in the absence of the departed individuals. Its core practical function is to ensure continuity and provide a clear process for governance and operations when membership changes, thereby preventing disputes or operational paralysis.
Remaining Members. Up to two percent (2%) of the base, Step 0, Column A at an hourly rate calculated to be .0007 times Step 0, Column A of the Teachers' Salary Schedule. This is also at an hourly rate not to exceed the amount specified.
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Remaining Members. 7 2.53 REMOVAL....................................................7 2.54 RESIGNATION................................................7 2.55 REVALUATION................................................8 2.56
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Remaining Members. “Remaining Members” has the meaning set forth in Section 10.1.
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Remaining Members. In the event of the Dissociation of a Member-Manager, all of the Members at the time of such Dissociation other than the Member who has dissociated. In the event of a Member-Manager who has any potential conflict of interest or transaction between a Member-Manager and the Company, the Members not having the potential conflict of interest or participating in the transaction.
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Related to Remaining Members

  • Other Members The Council or a committee may invite the attendance of any persons whose special knowledge would be of assistance. Such persons shall not have the power to vote.

  • New Members No person may be admitted as a member of the Company without the approval of the Member.

  • Substitute Members No Member shall have the right to substitute a transferee of all or any part of such Member’s Units in its place, except as provided in this Article 11. Any such transferee of Unit(s) (whether pursuant to a voluntary or involuntary Transfer) shall be admitted to the Company as a Substitute Member only (i) with the consent of the Manager granted at its sole discretion, (ii) by satisfying the requirements of this Article 11, and (iii) upon the receipt of all necessary consents of governmental and regulatory authorities. Persons who become Substitute Members pursuant to Article 11.5 need not comply with clause (i) of the preceding sentence. Each transferee of all or part of a Member's Membership Units, as a condition to its admission as a Substitute Member, shall execute and acknowledge such instruments, in form and substance satisfactory to the Manager, as the Manager reasonably deems necessary or desirable to effectuate such admission and to confirm the agreement of such person to be bound by all the terms and provisions of this Agreement with respect to the Membership Units acquired. All reasonable expenses, including attorneys’ fees, incurred by the Company in this connection shall be borne by such person.

  • Interest Holders The Administrative Agent may treat each Lender, or the Person designated in the last notice filed with the Administrative Agent, as the holder of all of the interests of such Lender in its portion of the Loans and in its Note until written notice of transfer, signed by such Lender (or the Person designated in the last notice filed with the Administrative Agent) and by the Person designated in such written notice of transfer, in form and substance satisfactory to the Administrative Agent, shall have been filed with the Administrative Agent.

  • Participating Entities Contractor shall provide to Participating States and Participating Entities the same insurance obligations and documentation as those specified in Section XIII, except the endorsement is provided to the applicable Participating State or Participating Entity.