Assigning Member definition

Assigning Member means a Member who by means of a Transfer has transferred an Economic Interest in the Company to an Assignee.

Assigning Member means a Member who has transferred a Percentage Interest in the Company to an Assignee.

Assigning Member means a Member that has transferred or otherwise assigned its Membership Interest in the Company to another Person.

Examples of Assigning Member in a sentence

• Each Member shall Vote in proportion to the Member’s Percentage Interest as of the governing record date, determined in accordance with Section 7.2. If a Member has assigned all or part of the Member’s Economic Interest to a person who has not been admitted as a Member, the Assigning Member shall Vote in proportion to the Percentage Interest that the Assigning Member would have had, if the assignment had not been made.

• Each Member will Vote in proportion to the Member’s Percentage Interest as of the governing record date, determined in accordance with Section 7.2. If a Member has assigned all or part of the Member’s Economic Interest to a person who has not been admitted as a Member, the Assigning Member will Vote in proportion to the Percentage Interest that the Assigning Member would have had if the assignment had not been made.

• In the event that an Assignee does not become a Member of the Company, the Assigning Member shall retain all rights to participate in the management of the business and the affairs of the Company, including all Member voting rights and all other rights not transferred to Assignee, and the Assigning Member shall be entitled to exercise all such rights on its own behalf or on behalf of the Assignee to the same extent as prior to any such transfer.

• The undersigned further warrants and represents to Collateral Agent that the Titling Company Agreement authorizes the assignment and security interest made by such Assigning Member to Collateral Agent.

• In the case of a Transfer of an Economic Interest during any fiscal year, the Assigning Member and Assignee shall each be allocated the Economic Interest's share of Profits or Losses based on the number of days each held the Economic Interest during that fiscal year.

More Definitions of Assigning Member

Assigning Member means a Member who has assigned his or her membership interest.

Assigning Member has the meaning set forth in Section 5.1.2.

Assigning Member has the meaning set forth in Section 9.3 hereof.

Assigning Member has the meaning set forth in Section 8.03(b) of this Agreement.

Assigning Member is defined in Section 11.4(a).

Assigning Member means any Member that has or will Assign its Shares.

Assigning Member means a Member who by means of a Transfer has assigned or otherwise caused an Economic Interest in the Company to be transferred to an Assignee.