Company Interest. “Company Interest” means all of a Member’s right and interest in the Company.
Company Interest. For purposes of this Agreement, the term “Company Interest” shall mean the Member’s share of the Company’s net profits and net losses, the right to receive distributions of Company property and the rights, powers and liabilities of a Member as defined and described in the Act and this Agreement. The nature of a Company Interest shall be personal property for all purposes.
Company Interest. Each Company Interest shall be represented by a “Unit”.
Company Interest. The entire ownership interest of a Member in the Company at the relevant time, including the right of such Member to any and all benefits to which a Member may be entitled as provided in this Limited Liability Company Agreement, together with the obligations of such Member to comply with all the terms and provisions of this Limited Liability Company Agreement. A Company Interest does not include any rights or obligations that a Member may have for providing services or goods for which it is separately compensated as a Person who is not a Member.
Company Interest. As to any Member or Transferee, his, her or its rights in the Company, in accordance with the terms of this Agreement, as follows:
Company Interest. The term “Company Interest” shall mean an amount, calculated in accordance with the Priority of Interests, equal to the sum of (i) the aggregate amount of all premiums paid by or on behalf of the Company net of any loans received by the Company; (ii) the aggregate amount of Tax Gross-up; and (iii) the excess, if any, of the Value of the Insurance Policy over and above the aggregate of (A) Section 1.2(i), (B) Section 1.2(ii), and (C) the Employee Interest.
Company Interest. The Company shall be entitled to receive the Company Interest from the cash surrender value of the Insurance Policy.
Company Interest. If, at any time following the first anniversary of the date of this Agreement, (i) BRG desires to offer the Company Interest for sale on specified terms, or (ii) receives from an unaffiliated purchaser a bona fide written cash offer (i.e., not seller financed) for the purchase of such Company Interest on terms that BRG desires for the Company to accept (such specified terms or bona fide offer being herein called the “Offer”), then BRG (the “Initiating Member”) shall provide written notice of the terms of such Offer (the “Sale Notice”) to the other Members (collectively, the “Non-Initiating Members”). For purposes hereof, the term “Company Interest” shall mean all of the Company’s interest in Villas Partners, LLC, including its limited liability company interest and any managerial interest therein.
Company Interest. (1) The adoption, amendment or repeal of any article of the Articles (i) providing E-LOAN with protective voting rights, (ii) designating the Company's corporate name or business or (iii) effecting any change in the Company's capital structure (other than an amendment increasing the Company's authorized capital or otherwise necessary in connection with such an increase);
Company Interest. The economic interest of each Member in the Company, including the Company’s capital, Profits, Losses, and items of income, gain, loss, deduction and credit, including without limitation such Member’s Sharing Ratios.
