1Interests Sample Clauses
1Interests. The Interest of each Member in the Company shall be as set forth in Exhibit “2” hereto, subject to the Preferred Allocation schedule contained in Exhibit “4.”
1Interests. (a) Initial Interests. Pursuant to the Option Agreement (as defined in the Contribution Agreement) and as implemented in the Contribution Agreement, concurrently with execution of this Agreement, TMRC has sold to USARE one-third of the 30.000% Interest it was entitled to receive pursuant to the Option Agreement which will result in USARE owning an 80.000% Interest in the Company and TMRC owning a 20.000% Interest in the Company.
1Interests. (a) Initial Interests. The initial Interest of Timberline is 49%. The initial Interest of PM&G is 51%.