Additional Membership Interests definition

Additional Membership Interests means any Membership Interest that is acquired after the Initial Capital Contributions.

Additional Membership Interests has the meaning assigned that term in Section 4.02. Affiliate means, with respect to any Person, (a) each entity that such Person Controls; (b) each Person that Controls such Person, including, in the case of a Member, such Member’s Parent, if any; and (c) each entity that is under common Control with such Person, including, in the case of a Member, each entity that is Controlled by such Member’s Parent, if any; provided that, with respect to any Member, an Affiliate shall include (y) a limited partnership or a Person Controlled by a limited partnership if the entity serving as general partner of such limited partnership is Controlled by such Member’s Parent, if any, or (z) a limited liability company or a Person Controlled by a limited liability company if the entity serving as managing member or manager of the limited liability company is Controlled by such Member’s Parent, if any; provided, further, that, for purposes of this Agreement, neither the Company nor any of its Subsidiaries shall be an Affiliate of any Member or any of its Affiliates (other than the Company and its Subsidiaries), nor shall any Member or any of its Affiliates be deemed to be an Affiliate of any other Member or its Affiliates, solely by virtue of being a Member of the Company or by its ownership of Class A Units, Class B Units, or other equity interests in or Control of the Company or any of its Subsidiaries.

Additional Membership Interests is defined in Section 6(c)(i).

Examples of Additional Membership Interests in a sentence

• Additional Membership Interests may be created and issued to existing Members or to other Persons, and such other Persons may be admitted to the Company as Members, including Non-profit Members, at the direction of a Majority Interest, on such terms and conditions, and with such Sharing Ratios and Commitments, as a Majority Interest may determine, at the time of admission, subject to the terms of this Agreement and the Act.

• Additional Membership Interests may be created and issued to existing Members or to other Persons, and such other Persons may be admitted to the Company as Members, at the direction of the Manager, on such terms and conditions, and with such Sharing Ratios and Capital Contributions, as the Manager may determine at the time of admission.

• The S.C.P. Additional Membership Interests reflect the issuance of Membership Interests to Xxxxxxxx, Xxxx and Xxxxxxxx and additional Membership Interests to Andruff and Xxxxxx.

• Following the execution of this Agreement, no Person shall be admitted as a Member and no Additional Membership Interests shall be issued by the Company except as expressly provided in this Agreement.

• Additional Membership Interests or Units associated with an existing Series or new or other Series may be created and issued to existing Series Members or to other Persons (where such other Persons are admitted to the Company as Members with the approval of the Manager) on such terms and conditions as the Manager may approve at the time of admission.

More Definitions of Additional Membership Interests

Additional Membership Interests means any Membership Interests issued by the Company after the date hereof other than: (i) except for purposes of Section 3.05(b), in connection with any Initial Public Offering or Qualified Distribution, (ii) pursuant to any present or future employee, officer or director benefit plan or program of or assumed by the Company or any of its Subsidiaries, (iii) in connection with any merger, consolidation, acquisition for stock, business combination or any similar extraordinary transaction, (iv) the issuance of Common Membership Interests as a dividend or distribution to all or substantially all holders of Common Membership Interests, or a subdivision or combination of Common Membership Interests or a reclassification of (or similar action with respect to) Common Membership Interests into a greater or lesser number of Common Membership Interests or (v) Equity Incentive Reimbursement Issuances.

Additional Membership Interests shall have the meaning assigned to such term in Section 3.6.

Additional Membership Interests means any additional Membership Interests granted by the Company on or after the date hereof, other than the Membership Interest issued pursuant to this Warrant.

Additional Membership Interests has the meaning set forth in Section 3.6(a).

Additional Membership Interests has the meaning assigned that term in Section 4.02.

Additional Membership Interests means any Membership Interests issued by the Company after January 31, 1997 (the "Purchase Date"), other than Membership Interests issued or issuable upon conversion of the Note.

Additional Membership Interests means the Membership Interests to be assigned and sold by CLC to IFA-GP to increase the percentage of the latter's Membership Interests from 49% to 69%.