Common use of Membership Interest Clause in Contracts

Membership Interest. Membership Interest" shall mean a Member's rights in the Company, collectively, including such Member's economic interest, any right to vote and participate in management, and any right to information concerning the business and affairs of the Company provided under this Agreement or the Act.

Appears in 4 contracts

Samples: Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/)

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Membership Interest. Membership Interest" shall mean ” means a Member's ’s aggregate rights in the Company, collectivelyincluding, including such Member's economic interestwithout limitation, any right to vote the Company’s (i) Economic Interest and participate in management, and any right to information concerning the business and affairs of the Company provided under this Agreement or the Act(ii) Voting Interest.

Appears in 3 contracts

Samples: Operating Agreement (Rex Energy Corp), Limited Liability Company Agreement (Rex Energy Corp), Operating Agreement (Rex Energy Corp)

Membership Interest. Membership Interest" shall mean a Member's rights ” means the interest in the Company, collectively, including such Member's economic interest, any right to vote and participate in management, Company consisting of each Person’s Financial Rights and/or Governance Rights and any right such Person has to information concerning assign such Person’s Financial Rights and/or Governance Rights. The Membership Interests for all such Persons are collectively referred to as the business and affairs of the Company provided under this Agreement or the Act“Membership Interests.

Appears in 2 contracts

Samples: Member Control Agreement (Red Trail Energy, LLC), Member Control Agreement

Membership Interest. Membership Interest" shall mean a A Member's rights ’s entire interest in the Company, collectively, including such Member's ’s economic interest, any right to vote interest and participate in management, such other rights and any right to information concerning privileges that the business and affairs of the Company provided under this Agreement or the ActMember may enjoy by being a Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Williams Pipeline Partners L.P.), Limited Liability Company Agreement (Williams Pipeline Partners L.P.)

Membership Interest. Membership Interest" shall mean the ownership interest and rights of a Member's rights Member in the Company, collectivelyincluding, including such Member's economic interestwithout limitation, any his, her or its right to vote a distributive share of the Net Profits and participate in managementNet Losses, distributions, and any right to information concerning the business Property and affairs Investments of the Company provided under this Agreement and the right to consent or the Actapprove.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Bonn Edward J)

Membership Interest. Membership Interest" shall mean ” means a Member's rights ’s economic interest in the Company, collectively, including Company and such Member's economic interest, any ’s right to vote and participate in management, and any right to information concerning the management of the business and affairs of the Company provided under Company, including, without limitation, the right to vote on, consent to, or otherwise participate in any decision or action of the Members pursuant to this Agreement or the Act.

Appears in 1 contract

Samples: Operating Agreement (Stratus Services Group Inc)

Membership Interest. Membership Interest" shall mean a the Member's rights ’s entire interest in the Company, collectively, including such Member's all economic interest, any the right to vote and on or participate in managementthe management of the Company, and any the right to receive information concerning the business and affairs of the Company provided under this Agreement or Company. The Member owns 100% of the ActMembership Interest in the Company.

Appears in 1 contract

Samples: Security Agreement (Resonant Inc)

Membership Interest. Membership Interest" shall mean a A Member's rights entire interest in the Company, collectively, including such the Member's economic interest, any right to vote and on or participate in the management, and any the right to receive information concerning the business and affairs of the Company provided under this Agreement or the ActCompany.

Appears in 1 contract

Samples: Security Agreement

Membership Interest. Membership Interest" shall mean a A Member's rights ’s share or interest in the Company, collectively, including such Member's economic interest, any right to vote Profits and participate in management, and any right to information concerning the business and affairs Losses of the Company and such Member’s rights to Distributions and Liquidation Proceeds, in each case as provided under by this Agreement or the ActAgreement. A Membership Interest does not include a Member’s rights (if any) to participate in Company management pursuant to this Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Scripps E W Co /De)

Membership Interest. Membership Interest" shall mean a A Member's rights ’s entire interest in the Company, collectively, including such Member's economic interest, any right to vote ’s Economic Interest and participate in management, such other rights and any right to information concerning privileges that the business and affairs of the Company provided under this Agreement or the ActMember may enjoy by being a Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rex Energy Corp)

Membership Interest. Membership Interest" Interest shall mean a Member's rights ’s entire interest in the Company, collectively, including such Member's economic interest, any right to vote ’s Economic Interest and participate in management, such other rights and any right to information concerning privileges that the business and affairs of the Company provided under this Agreement or the ActMember may enjoy by being a Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Solis Seattle, LLC)

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Membership Interest. Membership Interest" Interest shall mean a Member's rights the ownership interest of the Member in the Company, collectivelyincluding any and all rights, including such Member's economic interestpowers, any right to vote and participate in managementbenefits, and any right to information concerning duties or obligations conferred or imposed on the business and affairs of Member under the Company provided under Act or this Agreement or the ActAgreement.

Appears in 1 contract

Samples: Operating Agreement (Urs Corp /New/)

Membership Interest. The term "Membership Interest" shall mean means, when used with respect to a Member's rights Member or a Transferee, his interest in the Company's capital, collectivelyprofits, including such Member's economic interestlosses, any right and distributions; his rights, if any, in specific Company property; and his rights, if any, to vote and participate in Company management, and any right to information concerning the business and affairs of the Company provided under this Agreement or the Act.

Appears in 1 contract

Samples: Agreement

Membership Interest. Membership Interest" shall mean means a Member's rights interest in the Company, collectively, including such Company consisting of a Member's economic interestfinancial rights, any a Member's right to vote and participate in managementassign financial rights, a Member's governance rights, and any a Member's right to information concerning the business and affairs of the Company provided under this Agreement or the Actassign governance rights.

Appears in 1 contract

Samples: Member Control Agreement

Membership Interest. A “Membership Interest" shall mean ” means a Member's rights member’s entire equity interest in the Company, collectivelyCompany at any date of determination, including the right of such Member's economic interestmember to any and all benefits to which a member may be entitled as provided in the LLC Act, any right the Certificate of Formation and this Agreement, together with the obligations of such member to vote and participate in management, and any right to information concerning the business and affairs comply with all of the terms and provisions of this Agreement, the Certificate of Formation and the LLC Act. The Member has no interest in specific Company provided under this Agreement or the Actproperty.

Appears in 1 contract

Samples: Operating Agreement (Telephonics Corp)

Membership Interest. Membership Interest" shall mean means the percentage ownership interest of a Member in the Company at any particular time, including the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement and in the Act together with the obligations of such Member to comply with all of the provisions of this Agreement and of the Act. Each Member's rights in the Company, collectively, including Membership Interest shall be as set forth on Exhibit "A" opposite such Member's economic interest, any right to vote and participate in management, and any right to information concerning the business and affairs of the Company provided under this Agreement or the Actname.

Appears in 1 contract

Samples: Operating Agreement (General Cable Texas Operations Lp)

Membership Interest. Membership Interest" shall mean ” means a Member's rights ’s entire interest in the CompanyCompany including the Member’s Economic Interest, collectively, including such Member's economic interest, any the right to vote and on or participate in the management, and any the right to receive information concerning the business and affairs of the Company provided under this Agreement or the Act.Company, as set forth on Exhibit A.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Solar Power, Inc.)

Membership Interest. Membership MEMBERSHIP Interest" shall mean means the percentage ownership interest of a Member in the Company at any particular time, including the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement and in the Act together with the obligations of such Member to comply with all of the provisions of this Agreement and of the Act. Each Member's rights in the Company, collectively, including Membership Interest shall be as set forth on Exhibit `A" opposite such Member's economic interest, any right to vote and participate in management, and any right to information concerning the business and affairs of the Company provided under this Agreement or the Actname.

Appears in 1 contract

Samples: Operating Agreement (General Cable Texas Operations Lp)

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