LLC Membership Interests definition

LLC Membership Interests means 100% of the member interests in Pentex, as a limited liability company, inclusive of all rights in voting, management, profits and losses, capital accounts, and all other rights inherent or appurtenant to the ownership of Pentex.
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LLC Membership Interests means, collectively, all issued and outstanding Superior I Membership Interests, Superior II Membership Interests and Superior Woodbury Membership Interests.
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LLC Membership Interests means authorized ownership interests in the LLC;
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Examples of LLC Membership Interests in a sentence

  • Sellers’ transfers of the LLC Membership Interests to AIDEA are authorized.

  • Upon the terms and subject to the conditions of this Agreement, at the Closing, Sellers shall sell and transfer to AIDEA all of Sellers’ right, title and interest in and to the LLC Membership Interests, and AIDEA shall purchase and acquire from Sellers the LLC Membership Interests.

  • AIDEA covenants that its obligation to purchase the LLC Membership Interests is not affected by the Harvest Alaska Contracts, and AIDEA, as a corporation with its own separate existence, agrees that it will not take any action prior to the Closing Date to (i) challenge the validity of the Harvest Alaska Contracts in any regulatory proceeding, or (ii) otherwise delay or impede the approval of the Harvest Alaska Contracts in any regulatory proceeding.

  • At any time and from time to time from and after the Closing, Sellers shall, at the request of AIDEA, take all action AIDEA shall reasonably request in order to (a) fully and effectively vest in AIDEA all of Sellers’ right, title and interest in and to the LLC Membership Interests, and (b) permit AIDEA full and effective control over the Acquired Companies and the Operations.

  • The percentage of the LLC Membership Interests that each of the Sellers is to separately convey to AIDEA at the Closing is as follows:Harrington Partners, L.P. -- 85% Pentex Alaska Natural Gas Company -- 10% Daniel Britton -- 5%.

  • Sellers shall deliver to AIDEA assignments of the LLC Membership Interests and any other instruments of sale, conveyance, transfer and assignment as AIDEA may reasonably request in order to vest in AIDEA all of Sellers’ right, title and interest in and to the LLC Membership Interests.

  • Sellers have good title to the LLC Membership Interests, free and clear of all Encumbrances.

  • Number of Shares or Interests Pledged % of All Issued Capital or Other Equity Interests of Issuer Pledged Varsity AP Holding Corporation Varsity AP Holdings LLC Membership Interests n/a n/a 36,383,200 71.2 % GCP Amerifile Coinvest Inc.

  • At any time and from time to time from and after the Closing, AIDEA shall take all action IGU shall reasonably request in order to (a) fully and effectively vest in IGU all of AIDEA’s right, title and interest in and to the LLC Membership Interests, and (b) permit IGU full and effective control over the Acquired Companies and the Operations.

  • Upon the terms and subject to the conditions of this Agreement, at the Closing, AIDEA shall sell and transfer to IGU all of AIDEA’s right, title and interest in and to the LLC Membership Interests, and IGU shall purchase and acquire from AIDEA the LLC Membership Interests.


More Definitions of LLC Membership Interests

LLC Membership Interests means the membership interests in the VFI LLC granted to holders of Class 5 General Unsecured Claims as described in Article V.B.3 of the Plan.
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LLC Membership Interests means the units of membership interest in the LLC.
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LLC Membership Interests means all (100%) of the Membership Interests owned by the Sellers in the LLC (as described in Exhibit One hereto). The term “LLC Membership Interests” includes in its meaning all economic, voting, and management participation rights of each Seller in the LLC.
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Related to LLC Membership Interests

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

  • 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.

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

  • LLC Interests shall have the meaning given to such term in Section 5.1.3.

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Ownership Interests means, with respect to any entity, any ownership interests in the entity and any economic rights (such as a right to distributions, net cash flow or net income) to which the owner of such ownership interests is entitled.

  • 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.

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

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

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

  • Transferred Interests has the meaning set forth in the Recitals.

  • Common Interests of any Person means Capital Interests in such Person that do not rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to Capital Interests of any other class in such Person.

  • Class B Interests As set forth in the Trust Agreement.

  • Company Interests has the meaning set forth in the Recitals.

  • LLC Units has the meaning set forth in the LLC Agreement.

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

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

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

  • Purchased Interests has the meaning set forth in the Recitals.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • 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.

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

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