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

• The Membership Interests issued hereunder shall be certificated and shall include a legend on the face thereof referencing the restrictions created by the within Operating Agreement.

• Issuance of Additional Membership Interests to New Members; Right of First Offer.

• In the event any portion of a Membership Interest Transfers to a Person who is not a Permitted Transferee, the Person receiving such Membership Interests (“Transferee”) shall only receive that share of the allocations under Article VI, distributions, Capital Account and returns of contributions to which the Transferor of such Membership Interest would have otherwise been entitled to receive, until the Transferee becomes a Member.

• For purposes of this Agreement, all of Seller’s right, title, and interest in and to the Purchased Membership Interests shall include but is not limited to: (a) Seller’s capital account in the Company; (b) Seller’s right to share in the profits and losses of the Company; (c) Seller’s right to receive distributions from the Company; and (d) the exercise of all member rights, including the voting rights attributable to the Purchased 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.