Interests of the Members Clause Samples
The "Interests of the Members" clause defines the ownership stakes and rights of each member within a company or organization, typically in the context of a limited liability company (LLC). This clause outlines how membership interests are determined, recorded, and transferred, and may specify voting rights, profit distributions, and procedures for changes in ownership. By clearly establishing each member's interest, the clause ensures transparency in ownership structure and helps prevent disputes regarding control, profit sharing, or succession.
Interests of the Members. The initial Interest of each Member of the Company shall be the percentage set forth opposite such Member's name on Exhibit A. Exhibit A shall be promptly amended to reflect changes of Interests resulting from any additional capital contributions in accordance with Section 3.1(b) (Additional Capital Contributions) or the admission or substitution of any Additional Members to the Company in accordance with Sections 7.1 (Additional Members) and 7.2 (Transfer), respectively.
Interests of the Members. The Members may make capital contributions to the Company pursuant to Section 3.2. Each Member’s Percentage Interest and Equity Investment Percentage are set forth opposite its name on Schedule A.