Examples of Membership Interest in a sentence
Any purported Transfer of a Membership Interest or rights associated therewith that is not a Permitted Transfer shall be null and void and of no force or effect whatsoever.
The Parties are parties to that certain Membership Interest Purchase Agreement dated as of October 2, 2023 (the “Original Purchase Agreement”).
Each Member must respond to an additional Capital Contribution request as required hereunder within ten (10) days, following which time, the Membership Interest percentages will be recomputed based upon each Member’s new Capital Account balance.
Net Cash Flow shall be distributed in accordance with the Members’ respective Membership Interest percentages.
Subject to the terms and conditions herein set forth, Xxxxxx agrees to sell the Membership Interest to Buyer at the Closing, free and clear of all Encumbrances.