Member Interests definition

Member Interests has the meaning set forth in Section 2.1 below.

Member Interests has the meaning assigned to such term in the Recitals.

Member Interests means the membership units in the Debtor held by the Members.

Examples of Member Interests in a sentence

• The Company Interests shall be designated as Member Interests, having such rights, powers, preferences and designations as set forth in this Agreement.

• The Members appoint Managers as their agents to amend this Agreement to reflect the Transfer of Member Interests.

• Each Member owns beneficially and of record, free and clear of any Encumbrances, and has full power and authority to convey free and clear of any Encumbrances, the Member Interests listed on Exhibit B hereto as owned by such Member, except (i) Encumbrances created in favor of Kite Realty by the transactions contemplated hereby, (ii) Encumbrances that are extinguished at or prior to the Closing Date, and (iii) Encumbrances relating to the Project Indebtedness or any Entity Indebtedness.

• All Member Interests issued pursuant to, and in accordance with the requirements of, this Article V shall be validly issued, fully paid and non-assessable Interests in the Company, except as such non-assessability may be affected by Sections 18-607 or 18-804 of the Delaware Act and except to the extent otherwise provided in this Agreement.

• Except as provided in Section 8.01(e) hereof, Directors shall be elected by the Members holding a plurality of the Member Interests, and each Director so elected shall hold office for the full term to which he shall have been elected and until his successor is duly elected and qualified, or until his earlier death, resignation or removal.

More Definitions of Member Interests

Member Interests means the Common Shares and all shares of any other class or series of equity interests in the Company created by the Board of Directors pursuant to Section 4.4. The Member Interests comprise all of the limited liability company interests (as such term is defined in the Act).

Member Interests means any right of any Member in any obligation of the Cooperative to the Member, including the right of a Member to a Deposit or a Member’s rights under any Member Agreement.

Member Interests means all of the limited liability company interests in the Company (as defined in Section 18-101(8) of the Delaware LLC Act).

Member Interests mean the membership interests of TEPPCO GP, all of which are owned by GP Holdings.

Member Interests shall have the meaning set forth in Section 6.01(c).

Member Interests means a unit of Member Interest in GP, having the rights and privileges indicated in the Limited Liability Company Agreement

Member Interests has the meaning set forth in the Recitals.