Examples of Series Assets in a sentence
Title to and beneficial interest in Series Assets shall be deemed to be held and owned by the relevant Series and no Member or Members of such Series, individually or collectively, shall have any title to or beneficial interest in specific Series Assets or any portion thereof.
Title to any or all of the Series Assets may be held in the name of the relevant Series or one or more nominees, as the Managing Member may determine.
All Series Assets shall be recorded by the Managing Member as the property of the applicable Series in the books and records maintained for such Series, irrespective of the name in which record title to such Series Assets is held.
The Managing Member exercises ultimate authority over the Series Assets.
All Interests shall constitute personal property of the owner thereof for all purposes and a Member has no interest in specific assets of the Company or applicable Series Assets.