Examples of Membership Interests in a sentence
The Membership Interests issued hereunder shall be certificated and shall include a legend on the face thereof referencing the restrictions created by the within Operating Agreement.
Issuance of Additional Membership Interests to New Members; Right of First Offer.
In the event any portion of a Membership Interest Transfers to a Person who is not a Permitted Transferee, the Person receiving such Membership Interests (“Transferee”) shall only receive that share of the allocations under Article VI, distributions, Capital Account and returns of contributions to which the Transferor of such Membership Interest would have otherwise been entitled to receive, until the Transferee becomes a Member.
For purposes of this Agreement, all of Seller’s right, title, and interest in and to the Purchased Membership Interests shall include but is not limited to: (a) Seller’s capital account in the Company; (b) Seller’s right to share in the profits and losses of the Company; (c) Seller’s right to receive distributions from the Company; and (d) the exercise of all member rights, including the voting rights attributable to the Purchased Membership Interests.