Rights and Obligations of the Member Clause Samples
The "Rights and Obligations of the Member" clause defines the specific entitlements and responsibilities that a member holds within an organization, association, or contractual arrangement. It typically outlines what members are permitted to do, such as voting, accessing information, or participating in meetings, as well as what is expected of them, like paying dues, adhering to rules, or maintaining confidentiality. By clearly delineating these rights and duties, the clause ensures mutual understanding and helps prevent disputes by setting clear expectations for member conduct and privileges.
Rights and Obligations of the Member. The Member shall have the following rights and obligations under this Agreement, which rights and obligations are more fully described in Appendix 1:
a. The Member shall appoint one representative to serve on the BloodPAC Advisory Committee.
b. The Member may appoint a representative to BloodPAC Working Groups.
c. The Member shall have the right to establish and maintain computer network links via the Internet with BloodPAC sufficient to participate in BloodPAC activities.
d. The Member shall have access to standards, documentation, data assets, analysis pipelines, a collaboration environment and other outputs produced by BloodPAC prior to their release to non-members, as set forth in Appendix 1.
e. Subject to the restrictions contained in this Agreement, the Member may incorporate BloodPAC standards and documentation into products at any time after release of the standards and documentation to BloodPAC members has been approved by the Chair.
f. If the Member has subsidiaries, the rights and privileges granted under this Agreement shall extend to all subsidiaries where more than fifty percent (50%) of the voting stock of which is directly or indirectly owned or controlled by the Member.
g. If the Member is itself a consortium, user society, or otherwise has members or sponsors, the rights and privileges granted under this Agreement extend only to the paid employees of the Member, not to its members or sponsors.
Rights and Obligations of the Member. The Member shall have the following rights and obligations under this Agreement, which rights and obligations are more fully described in Exhibit A:
a. The Member shall appoint one representative to serve on the Consortium Advisory Committee.
b. The Member may, but will not be obligated to, appoint one representative to each Consortium Working Group. Member’s participation in any Working Group will be subject to the policies adopted by the Consortium or such Working Group, including its Intellectual Property Rights (IPR) Policy and Publication Policies, as in effect from time to time and subject to change by the Working Group. The current version of the Intellectual Property Rights (IPR) Policy is available at Link. The current version of the Publication Policies is available at Link.
c. The Member shall have the right to establish and maintain computer network links via the Internet with Consortium sufficient to participate in Consortium activities.
d. The Member shall have access to standards, documentation, data assets, analysis pipelines, a collaboration environment and other outputs produced by Consortium prior to their release to non-members, as set forth in Exhibit A.
e. Subject to the restrictions contained in this Agreement, the Member may incorporate Consortium standards and documentation into products at any time after release of the standards and documentation to Consortium members has been approved by the Chair.
f. If the Member has subsidiaries, the rights and privileges granted under this Agreement shall extend to all subsidiaries where more than fifty percent (50%) of the voting stock of which is directly or indirectly owned or controlled by the Member (“Affiliates”).
g. If the Member is itself a consortium, user society, or otherwise has members or sponsors, the rights and privileges granted under this Agreement extend only to the paid employees of the Member and its Affiliates, not to its members or sponsors.
Rights and Obligations of the Member. The Member accepts and undertakes in advance that;
1) The regulations, communiques, directives, procedures, system rules, circulars, general letters and principle resolutions issued by the Capital Markets Board, the Central Bank of the Republic of Turkey, the Exchange and Takasbank and all arrangements made under any name whatsoever and the provisions of other relevant legislation shall be applied together with the terms and conditions of this Agreement for all transactions to be conducted in the system, and Takasbank shall be authorized to interpret such legislation in its capacity as central counterparty, make decision on any unclear issue by taking account of the general provisions and lead the execution accordingly.
2) Takasbank shall be entitled to all types of regulatory and amendatory rights with respect to the transactions to be conducted in the system.
3) It shall make the necessary infrastructure, software and systems ready and available for use in accordance with the arrangements to be made by Takasbank and other authorized entities and institutions to ensure the system security and its uninterrupted operation.
4) It shall adapt the system revisions to be made by Takasbank within the prescribed time periods and participate in the tests it is invited to ensure continuity of the uninterrupted and secure functioning of the system.
5) It shall establish the internal audit and control mechanisms and take the necessary measures for their maintenance to ensure security of the clearing and settlement system.
6) It shall refrain from any activity that would risk the smooth execution of the clearing and settlement and reconciliation operations; and that it shall indemnify any loss and damage to be incurred in case of any fault on its part for the problems related to the functioning of the system.
7) It shall be responsible for the fulfillment of all obligations under this Agreement and the relevant legislation and for the functions performed by its employees pursuant to their duties.
8) It shall have unlimited liability for the obligations arising from all type of transactions conducted by its representatives it has authorized to conduct transaction on Takasbank system, and that, the conducted transactions shall be binding so long as any amendment to the powers of representation has not been informed to Takasbank in writing; and the responsibility for safekeeping of its user code and password used by its representatives to connect to the system shall belo...
Rights and Obligations of the Member. The Member shall not be personally liable for any of the debts of the Company or any of the losses thereof, whether arising in tort, contract, or otherwise, beyond the amounts contributed by it to the capital of the Company. The Member shall not be entitled to the return of its capital contribution except to the extent provided for in this Agreement.
Rights and Obligations of the Member. Except as otherwise provided by the Act, the Member shall not be liable for the liabilities of the Company. To the fullest extent permitted by law, the failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Agreement or the Act shall not be grounds for imposing personal liability on the Member for liabilities of the Company.
Rights and Obligations of the Member. 7.1 The Member will be entitled:
a) To have the ownership of the assets invested in the pension fund.
b) to receive benefit payments (the payment of the net-asset value standing on his or her account) as a lump-sum or periodic payments, in the form of pension pursuant to the Law.
c) To be informed at least every 30 days, for the net asset value in his/her account
d) to transfer the accumulated assets to an other fund, managed by the same or an other management company; In the case of transfer, the member terminates the previous membership contract and concludes a new contract for membership in the new pension fund.
e) to have a pension fund inheritable
7.2 The Member shall:
a) choose the amount of contribution and change the amount and the dynamics of the payment of the contributions at his/her own choice;
b) Regularly pay the agreed upon contribution, in the amounts and time determined by the Agreement;
c) Immediately and no later than within 10 days inform the Management Company about any changes of circumstances relevant for membership in the Fund;
d) Inform the management company about any changes of the member personal data.
Rights and Obligations of the Member. 9.1 Limitation on Member's Liabilities. The Member's liability shall be limited as set forth in this Member Control Agreement, the Minnesota Act and other applicable law. The Member shall not be bound by, or be personally liable for, the expenses, liabilities or obligations of the Company beyond the amount contributed by the Member to the capital of the Company, except as provided under the Minnesota Act.
Rights and Obligations of the Member. The Member shall have the following rights and obligations under this Agreement, which rights and obligations are more fully described in Appendix 1:
a. The Member may appoint one representative to serve on the DMG Advisory Committee.
b. The Member may appoint a representative to DMG Working Groups.
c. The Member shall have access to standards and documentation produced by DMG prior to release of such standards and documentation to non-members, as set forth in Appendix 1.
d. Subject to the restrictions contained in this Agreement, the Member may incorporate DMG standards and documentation into products at any time after release of the standards and documentation to DMG members has been approved by the Chair.
e. The Member agrees to abide by the terms of the IPR policy of the DMG as it appears at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/dmg-forms.html. The Member acknowledges that some of its obligations under the IPR policy may survive the termination of this Agreement and its membership in the DMG, as more fully described in such IPR policy. DMG acknowledges that the Member is not obligated to announce or market any product or service, or to implement any DMG specification.
Rights and Obligations of the Member. The Member shall have the following rights and obligations under this Agreement, which rights and obligations are further described in Exhibit 1:
a. The Member shall have the right to participate in the Standards Committee and vote upon all proposed standards developed by the Consortium.
b. The Member shall have the right to propose new standards as outlined in the Standards Program Operating Procedures available on the MedBiquitous website.
c. The Member shall make good faith efforts to contribute to the work of the Consortium, including participation in Working Groups.
Rights and Obligations of the Member. 8.1 Limitation on Member's Liabilities. The Member's liability shall be limited as set forth in this Operating Agreement, the Delaware Act, as amended, and other applicable law. The Member shall not be bound by, or be personally liable for, the debts, liabilities or obligations of the Company, except as provided by the Delaware Act with regard to a wrongful distribution.