Initial Membership Interest definition

Initial Membership Interest. With respect to any Member, the Initial Membership Interest of such Member set forth in Exhibit A.
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Initial Membership Interest means with respect to any Member, such ----------------------------- Member=s Membership Interest as of the effective date hereof as set forth on Schedule I attached hereto.
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Examples of Initial Membership Interest in a sentence

  • Schedule A to this Agreement setting forth the name, address, Initial Capital Contribution, number of Units, Initial Membership Interest and Initial Sharing Ratio of each Member.

  • The Initial Membership Interest and Sharing Ratio of each Member is set forth in Schedule A hereof, and Schedule A shall be amended as necessary to conform to any changes thereof agreed to by the Members.

  • Contemporaneously with the effectiveness of this Agreement, each Member has paid, or is deemed to have paid, the subscription price for such Member’s Initial Membership Interest and to have made a Capital Contribution in such amount.

  • A normal practice to extend the life of a well is a workover or secondary recovery project that recovers some portion of the well’s production.

  • Xxxx NOTARY PUBLIC Notary’s jurisdiction: Term expires: EXHIBIT A TO THE LIMITED LIABILITY COMPANY AGREEMENT OF IOC SERVICES, L.L.C. Initial Membership Interests and Contributions Member Name Initial Membership Interest Contribution ISLE OF CAPRI CASINOS, INC.

  • Kuisel, Seducing the French: The Dilemmas of Modernisation (Berkeley: University of California Press, h993).

  • There are no restrictions on the Initial Membership Interest or any other membership interest purchased upon the exercise of any of the Options and such may be transferred, assigned, sold or otherwise conveyed, in whole or in part, by Pegasus at any time.

  • For the Initial Membership Interest, Pegasus agrees to pay the Members $2 Million in cash and to deliver to the Members the number of shares of Pegasus common stock that equal $3 Million based on the average per share closing sale price of the Pegasus common stock for the five (5) market trading days preceding the date that is three (3) days before the date of the Initial Closing (the "Closing Price").

  • For purposes of this Section, such Member’s share of such liability shall be equal to its Membership Interest at the time the act or omission giving rise to the liability occurred, after first taking into account any reduction, readjustment and restoration of Membership Interests under Sections 5.12, 8.5, 8.6 and 9.5 (or, as to such liability arising out of acts or omissions occurring or conditions existing prior to the Effective Date, equal to such Member’s Initial Membership Interest).

  • Xxxxxxx Title: Vice President and Assistant Secretary POLLO TROPICAL MANAGEMENT, LLC (A Texas Limited Liability Company) SCHEDULE I Names, Initial Capital Contributions and Membership Interests of the Members Name and Addresses of Members Capital Contribution Initial Membership Interest Pollo Operations, Inc.

Related to Initial Membership Interest

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Membership Interests has the meaning set forth in the recitals.

  • Initial Members means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Member” means any of the Initial Members.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Initial Member has the meaning set forth in the introductory paragraph.

  • Membership Units has the meaning set forth in the Recitals.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Additional Members means those Members, if any, admitted to the Company after the Effective Date.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner without reference to any Limited Partner Interest held by it) which may be evidenced by Partnership Securities or a combination thereof or interest therein, and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Original member of this retirement system means:

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Tribal Member means an enrolled member of the Tribe.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

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

  • Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Preferred Member means a Member holding Preferred Units.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Additional Member means a Person admitted as a Member of the Company as a result of an issuance of Shares to such Person by the Company.