Membership Interests definition

Membership Interests has the meaning set forth in the recitals.

Membership Interests means all of the rights and interests of whatsoever nature of the Members in the Company, including without limitation the right to participate in management to the extent herein expressly provided, to receive distributions of funds, and to receive allocations of income, gain, loss, deduction, and credit.

Membership Interests has the meaning set forth in the recitals to this Agreement.

Examples of Membership Interests in a sentence

• Buyer acknowledges that there is no public market for the Membership Interests and that there can be no assurance that a public market will develop.

• All of the Membership Interests are duly authorized, validly issued, fully paid, and non-assessable.

• The Company is not a party to any voting trusts, proxies, or other voting Contracts or agreements with respect to the Membership Interests or any equity interests of the Company.

• Buyer acknowledges that it can bear the economic risk of its investment in the Membership Interests and has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of an investment in the Membership Interests taking into account Seller’s representations, warranties, and agreements hereunder and in the Transaction Documents.

• The Redeeming Member is the sole record and beneficial owner of the Redemption Interests and hereby transfers to the Company good and marketable title to such Membership Interests.

More Definitions of Membership Interests

Membership Interests means the membership interests in the Company.

Membership Interests shall have the meaning set forth in the Recitals.

Membership Interests has the meaning set forth in Section 2.1.

Membership Interests is defined in Section 5.24.

Membership Interests has the meaning assigned to such term in the LLC Agreement.

Membership Interests has the meaning provided such term in the Recitals.

Membership Interests means the limited liability company interests of the Company held by the Member, in its capacity as such, including rights to distributions (liquidating or otherwise), allocations, information, all other rights, benefits and privileges enjoyed by the Member (under the Act, the Certificate of Formation, this Agreement or otherwise) in its capacity as the Member and otherwise to participate in the management of the Company; and all obligations, duties and liabilities imposed on the Member (under the Act, the Certificate of Formation, this Agreement, or otherwise) in its capacity as the Member.