Economic Interest Owner definition

Economic Interest Owner means the owner of an Economic Interest who is not a Member.

Economic Interest Owner means a Person who has validly acquired a Member's Economic Interest as permitted under this Agreement but who has not become a Member. Such Person shall be entitled to the allocations of Profits and Losses and Cash Distributions under Article VI and VII to which the previous owner of the Economic Interest would have been entitled had such previous owner retained the Economic Interest. Unless and until such Economic Interest Holder is admitted as a Substitute Member, it shall be a mere assignee of a Member.

Economic Interest Owner means the owner of an Economic Interest in the Company. “Effective Date” means the date set forth in the preamble to this Agreement.

Examples of Economic Interest Owner in a sentence

• The consent of the Manager shall be required to admit an Economic Interest Owner as a Substituted Member.

• By executing or adopting this Agreement, each Member hereby consents to the admission of additional or Substituted Members, and to any Economic Interest Owner becoming a Substituted Member upon consent of the Manager and in compliance with this Agreement.

• Subject to the requirement of Section 11.01(b), in the event of the death, incompetence or dissolution of a Member or an Economic Interest Owner, such Person’s rights and obligations under this Agreement shall devolve upon such Person’s personal representative or successor in interest, who shall, promptly after any such event, deliver to the Manager such documentation as the Manager(s) may reasonably require to evidence such succession in interest.

• Notice may be delivered to the Company at its principal place of business to the attention of the Managers, and to any Member or Economic Interest Owner at the address set forth in Exhibit A hereof, or any other address given to the Company by such Member or Economic Interest Owner, in accordance with the provisions of this paragraph for purposes of notice hereunder.

• Except as may be expressly provided in Sections 8.01 and 14.04, no Member or Economic Interest Owner shall have priority over any other Member or Economic Interest Owner, either as to the return of Capital Contributions or as to Profits, Losses or Distributions.

More Definitions of Economic Interest Owner

Economic Interest Owner means any Person who owns an Economic Interest, but is not a Member.

Economic Interest Owner means the owner of an Economic Interest who is a Member.

Economic Interest Owner. The owner of an Economic Interest who is not a Member. “Entity.” Any general partnership, limited partnership, limited liability company, corporation, joint venture, trust, business trust, cooperative or association or any foreign trust or foreign business organization. “Fiscal Year.” The Company’s fiscal year, which shall be the calendar year.

Economic Interest Owner means a Person who holds an Economic Interest. “Economic Interest Owners” means all such Persons.

Economic Interest Owner means (as defined in the Operating Agreement) the owner of an Economic Interest who is not a Member.

Economic Interest Owner. The owner of an Economic Interest who is not a Member. “Equity Gap Contributions” shall have the meaning ascribed in Section 8.04(f). “Entity.” Any general partnership, limited partnership, limited liability company, corporation, joint venture, trust, business trust, cooperative or association or any foreign trust or foreign business organization.

Economic Interest Owner means the owner of an Economic Interest who is not a Member. Operating Agreement for Xxxxxx Quality, LLC