Economic Interest. Economic Interest" means a Person's right to share in the Net Profits, Net Loss or similar items of, and to receive distributions from, the LLC, but does not include any other rights of a Member including, without limitation, the right to vote or to participate in the management of the LLC, or, except as provided in Section 9.4, any right to information concerning the business and affairs of the LLC.
Appears in 2 contracts
Sources: Operating Agreement (Kennedy Wilson Inc), Operating Agreement (Tsecrp Inc)
Economic Interest. Economic Interest" means a PersonMember's right to Economic Interest Owner's share in of the Net Company's Profits, Losses, Net Loss or similar items ofCash Flow, and other distributions of the Company's assets pursuant to receive distributions from, this Agreement and the LLCAct, but does shall not include any other rights right to participate in the management of a Member affairs of the Company, including, without limitation, the right to vote on, consent to, or to otherwise participate in the management any decision of the LLCMembers, or, except all as provided in Section 9.4, any right to information concerning the business and affairs of the LLC6.2.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
Economic Interest. Economic Interest" means a Person's right to share in the Net Profits, Net Loss or similar items of, and to receive distributions from, the LLC, but does not include any other rights of a Member including, without limitation, the right to vote or to participate in the management of the LLC, or, except as provided in Section 9.494, any right to information concerning the business and affairs of the LLC.
Appears in 1 contract