Common use of Membership Interest Clause in Contracts

Membership Interest. The Member shall own one hundred percent (100%) of the membership interests in the LLC, and all profits and losses shall be allocated to the Member.

Appears in 102 contracts

Samples: Limited Liability Company Agreement (Pacific Export Resources, LLC), Limited Liability Company Agreement (Pacific Export Resources, LLC), Limited Liability Company Agreement (Pacific Export Resources, LLC)

AutoNDA by SimpleDocs

Membership Interest. The Member shall own one hundred percent (100%) of the membership interests in the LLC, and all profits and losses shall be allocated to the MemberManager.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Pacific Export Resources, LLC), Limited Liability Company Agreement (Black Beauty Coal Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.