Economic Interest Owner definition

Economic Interest Owner means the owner of an Economic Interest who is not a Member.

Economic Interest Owner means a Person who has validly acquired a Member's Economic Interest as permitted under this Agreement but who has not become a Member. Such Person shall be entitled to the allocations of Profits and Losses and Cash Distributions under Article VI and VII to which the previous owner of the Economic Interest would have been entitled had such previous owner retained the Economic Interest. Unless and until such Economic Interest Holder is admitted as a Substitute Member, it shall be a mere assignee of a Member.

Economic Interest Owner means the owner/holder of an Economic Interest and who is not a Member.

Examples of Economic Interest Owner in a sentence

• Any Transferee of a Membership Interest in the Company shall be an Economic Interest Owner, but the Economic Interest of a Transferee shall be subject to all of the restrictions, obligations and limitations under this Agreement and the Act, including, without limitation, the restrictions on Dispositions contained herein.

• An Equity Owner (whether a Member or an Economic Interest Owner) may not Dispose of all or any part of such Equity Owner’s Units, except (i) upon compliance with the applicable provisions of the Securities Act and state securities laws and (ii) without strictly conforming to the requirements of this Agreement.

• An Assignee shall have only the rights to allocations of Profits or Losses and any Distributions relating to the assigned interest as an Economic Interest Owner.

More Definitions of Economic Interest Owner

Economic Interest Owner means any Person who owns an Economic Interest but who is not a Member.

Economic Interest Owner means the owner of an Economic Interest in the Company. “Effective Date” means the date set forth in the preamble to this Agreement.

Economic Interest Owner means any Person who owns an Economic Interest in a Series, but is not a Member.

Economic Interest Owner means the owner of an Economic Interest who is a Member.

Economic Interest Owner. The owner of an Economic Interest who is not a Member. “Entity.” Any general partnership, limited partnership, limited liability company, corporation, joint venture, trust, business trust, cooperative or association or any foreign trust or foreign business organization. “Fiscal Year.” The Company’s fiscal year, which shall be the calendar year.

Economic Interest Owner means a Person who holds an Economic Interest. “Economic Interest Owners” means all such Persons.

Economic Interest Owner means the owner of an Economic Interest (i) who has not been admitted as a Member in accordance with the requirements of this Agreement; or (ii) whose Membership Interest (but not that Member’s Economic Interest) has terminated.