Common use of Membership Interest Clause in Contracts

Membership Interest. The entire ownership interest of a Member in the Company, including the Member’s Capital Account, interest in profits and losses, the right to receive distributions from the Company and the rights, if any, to participate in the management of the Company or consent to any actions by the Company as set forth in this Agreement. Minor Field Changes. As defined in the Development Agreement.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.), Limited Liability Company Agreement (CNL Growth Properties, Inc.), Limited Liability Company Agreement (CNL Growth Properties, Inc.)

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Membership Interest. The Member’s entire ownership interest of a Member in the Company, including such rights in the MemberCompany’s Capital Accountprofits, interest in profits losses and lossesDistributions pursuant to this Agreement, the right to receive distributions from the Company Act, and the rights, if any, to participate in the management of the Company or consent to any actions by the Company as set forth in this Agreement. Minor Field Changes. As defined in the Development Agreementother applicable law.

Appears in 8 contracts

Samples: Operating Agreement (ReFinance America, LTD), Operating Agreement (ReFinance America, LTD), Operating Agreement (ReFinance America, LTD)

Membership Interest. The entire ownership interest of a Member in the Company, including the Member’s Capital Account, interest in profits and losses, the right to receive distributions from the Company and the rights, if any, to participate in the management of the Company or consent to any actions by the Company as set forth in this Agreement. Minor Field Changes. As defined in the Development Agreement. Non-Failing Member. As described in Section 4.5(d). Nonrecourse Deductions. As described in Section 8.3(b).

Appears in 1 contract

Samples: Liability Company Agreement (CNL Growth Properties, Inc.)

Membership Interest. The entire ownership interest of a Member in the Company, including the Member’s Capital Account, interest in profits and losses, the right to receive distributions from the Company and the rights, if any, to participate in the management of the Company or consent to any actions by the Company as set forth in this Agreement. Minor Field ChangesNon-Failing Member. As defined described in the Development AgreementSection 4.5(d). Nonrecourse Deductions. As described in Section 8.3(b) Notice Date. As described in Section 10.8(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.)

Membership Interest. The entire ownership interest of a Member in the Company, including the Member’s Capital Account, interest in profits and losses, the right to receive distributions from the Company and the rights, if any, to participate in the management of the Company or consent to any actions by the Company as set forth in this Agreement. Minor Field Changes. As defined in the Development Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.)

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Membership Interest. The entire ownership interest of a Member in the Company, including the Member’s Capital Account, interest in profits and losses, the right to receive distributions from the Company and the rightsright, if any, to participate in the management of the Company or consent to any actions by the Company as set forth in this Agreement. Minor Field ChangesNon-Failing Member. As defined described in the Development AgreementSection 4.5(d). Nonrecourse Deductions. As described in Section 8.3(b) Notice Date. As described in Section 10.8(b). Notice of Intention. As described in Section 4.5(d).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Growth Trust, Inc.)

Membership Interest. The entire ownership interest of a Member in the Company, including the Member’s Capital Account, interest in profits and losses, the right to receive distributions from the Company and the rightsright, if any, to participate in the management of the Company or consent to any actions by the Company as set forth in this Agreement. Minor Field ChangesNon-Failing Member. As defined described in the Development AgreementSection 4.5(d). Nonrecourse Deductions. As described in Section 8.3(b) Notice Date. As described in Section 10.8(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Growth Trust, Inc.)

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