LLC Interest definition

LLC Interest means a membership interest or similar interest in a limited liability company.

LLC Interest means the entire legal and equitable ownership interest of a Member in the Company at any particular time.

LLC Interest. As to any Member, all of the interest of that Member in the Company including, without limitation, such Member’s (i) right to a distributive share of the Profits and Losses and cash flow of the Company, (ii) right to a distributive share of the assets of the Company and (iii) right to participate in the management of the business and affairs of the Company, as provided in this Agreement.

Examples of LLC Interest in a sentence

• All representations, warranties, covenants and agreements contained in this Guaranty shall survive (and not be affected in any respect by) the consummation of the transactions contemplated in the LLC Interest Sale Agreement, any investigation conducted by or on behalf of any party hereto and any information which any Beneficiary may receive or have.

• This Guaranty, the LLC Interest Sale Agreement, the LLC Agreement, the Participation Agreement and the other Ancillary Documents (including the Schedules and Exhibits hereto and thereto) embody the entire agreement and understanding of the Guarantors and the Beneficiaries and their respective Affiliates with respect to the transactions contemplated hereby and merge in, supersede and cancel all prior written or oral commitments, arrangements or understandings with respect thereto.

• This Agreement shall inure to the benefit of, and may be enforced by, the Initial Member, the LLC Interest Transferee and the Company and their respective successors and assigns.

• Within sixty (60) calendar days following the Closing Date, the LLC Interest Transferee shall prepare and deliver to the Initial Member (i) a copy of the Loan Schedule, updated as of the Closing Date in accordance with the Contribution Agreement, and (ii) a schedule setting forth the calculation contemplated by Section 1(g) (collectively, the “Closing Adjustment Documents”).

• This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective heirs (in the case of any individual), successors and permitted assigns; provided, however, that the LLC Interest Transferee may not assign this Agreement or any of its rights, interests or obligations hereunder.

More Definitions of LLC Interest

LLC Interest or “Interest” means an ownership interest in the LLC.

LLC Interest means the entire ownership interest of the Pledgor in each Pledged Interest Issuer that is an LLC listed on Attachment 1 hereto, including such Pledgor’s capital account, its gain, loss, deduction and credit of such Pledged Interest Issuer, the Pledgor’s interest in all distributions made or to be made by such Pledged Interest Issuer to the Pledgor and all of the other rights, titles and interests of the Pledgor as an owner or a member of such Pledged Interest Issuer, whether set forth in the operating or membership agreement of such Pledged Interest Issuer, by separate agreement or otherwise.

LLC Interest means a limited liability company interest in the Company within the meaning of the Act and includes any and all benefits to which a holder of LLC Interests may be entitled as provided in this Amended Agreement, together with all obligations of such holder to comply with the terms and provisions of this Amended Agreement. The holder of each LLC Interest shall have one vote per LLC Interest in accordance with the terms of this Amended Agreement.

LLC Interest means a Member’s share of Net Profits and Net Losses of the Company, the right to receive distributions from the Company, the right to inspect the Company’s books and records and the right to participate in the management of and vote on matters coming before the Company, as evidenced by an Interest Certificate.

LLC Interest means, with respect to any particular Member, (i) the entire limited liability company interest in the Company of such Member, including such Member’s rights to share in the income, gain, loss, deductions and credits of, and the right to receive distributions from, the Company, (ii) all other rights, benefits and privileges enjoyed by such Member (under the Act, this Agreement or otherwise) in its capacity as a Member, including rights to vote, consent and approve, and (iii) all other rights, benefits, privileges and claims (whether known or unknown) of such Member under, or arising under, this Agreement. For purposes of clarification, references in this Agreement to the term “limited liability company interest” shall mean a “limited liability company interest” as such term is defined in the Act.

LLC Interest means the interest of a Unitholder in Profits, Losses, and Distributions.

LLC Interest means the interest of a member in a limited liability company; including a member’s share of the profits and losses of that limited liability company, a member’s right to receive distributions of the limited liability company’s assets and a member’s voting or other rights, benefits and obligations to which the member is entitled or subject pursuant to the LLC agreement or this Law;