Series Member means a Person who has made a Capital Contribution to the Company in exchange for Membership Interests in a Series of the Company. Subsidiary or Subsidiaries shall mean the single purpose limited liability companies formed by the Founder to take title to individual Properties.
Series Member shall have the meaning set forth in the preamble of this Agreement, which may include the Member if the Member makes a Capital Contribution to a Series.
Series Member means the Sole Member, the V Members and any other Person admitted as an additional member of the Company associated with a Series or a substitute member of the Company associated with a Series pursuant to the provisions of this Agreement, each in its capacity as a member of the Company associated with such Series.
Examples of Series Member in a sentence
Then, the Series shall make monthly distributions, or other intervals as the Manager shall determine, to the Series Members, pro rata in accordance with their Capital Contribution amounts attributable to this Series, until each such Series Member has received aggregate distributions in an amount equal to such Series Member’s Capital Contribution amount attributable to this Series, regardless of the specific quarter/week initially assigned to them if they have opted out for staying.
More Definitions of Series Member
Series Member shall have the meaning set forth in the Preamble of this Agreement.
Series Member shall have the meaning assigned to it in Section 3.1.
Series Member means, as of any date of determination, any owner of one (1) or more Membership Unit(s) or Profits Unit(s) of a particular Series as reflected on Company's or such Series' books and records, subject to the requirements set forth herein for admission as a Series Member of such Series, and includes, without limitation, Voting Members and Profits Members.
Series Member means a Member with respect to a particular Series.ENDIF
Series Member means a Person who is associated as a member of a particular Series, as admitted in accordance with the procedures set forth in this Agreement or in accordance with the Code, until such Person ceases to be a Series Member. The designation as a Series Member shall entitle a Person to share in, and bear, the items of income, gain, deduction, loss and credits of the particular Series with which the Series Member is associated in accordance with the Sharing Ratios of the Series set forth in the Supplement for such Series. A Series Member may be a Series Member in any one, several or all of the Series. The direct association of a Person as a Series Member with any one Series is separate and distinct from such Person’s association as a Series Member with any other Series herein.
Series Member means any Person who makes Capital Contributions to a Series and is accepted by the Manager of that Series, but not of the Company generally or of any other Series created hereunder.
Series Member. With respect to any Series as of any date, each Record Holder of Series Interests in such Series.