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

Examples of Economic Interest Owner in a sentence

• The consent of the Manager shall be required to admit an Economic Interest Owner as a Substituted Member.

• By executing or adopting this Agreement, each Member hereby consents to the admission of additional or Substituted Members, and to any Economic Interest Owner becoming a Substituted Member upon consent of the Manager and in compliance with this Agreement.

• The amount of any distribution returned to the Company by a Member or Economic Interest Owner or paid by a Member or Economic Interest Owner for the account of the Company or to a creditor of the Company shall be added to the account or accounts from which it was subtracted when it was distributed to the Member or Economic Interest Owner.

• No Member or Economic Interest Owner has any interest in specific property of the Company.

• All notices under this Agreement shall be in writing and shall be given to the Member or Economic Interest Owner entitled thereto, by personal service or by mail, posted to the address maintained by the Company for such person or at such other address as he may specify in writing.

More Definitions of Economic Interest Owner

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 not a Member. An Economic Interest Owner is sometimes referred to as an “Assignee.”

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 (as defined in the Operating Agreement) the owner of an Economic Interest who is not a Member.

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 who is not a Member. “Effective Date” shall have the meaning ascribed to it above.