LLC Rights definition

LLC Rights means, collectively, all LLC Units, all LLC Rights to Payments, all LLC Agreements and all other interests and rights of Pledgor in any limited liability company Issuer now owned or hereafter acquired by Pledgor, including without limitation any right to cause the dissolution of any such Issuer or to appoint or nominate a successor to Pledgor as a member of any such Issuer and all Proceeds of the foregoing.
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LLC Rights shall have the meanings given such terms in Section 2.1(b).
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LLC Rights means all warrants, options and other rights to acquire, and rights in and to, membership interests in each Issuing Entity now or at any time or times hereafter owned by such Pledgor.
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Examples of LLC Rights in a sentence

  • No restrictions or conditions exist with respect to the transfer, voting or capital of any LLC Rights.

  • No restrictions or conditions exist with respect to the transfer, voting or capital of any Pledged Shares or LLC Rights under the documentation governing such Pledged Shares or LLC Rights.

  • The granting of the foregoing security interest does not make Secured Party a successor to Debtor as a member of any LLC, and neither Secured Party nor any of its successors or assigns hereunder shall be deemed to have become a member of any LLC by accepting this Agreement or exercising any right granted herein unless and until such time, if any, when Secured Party or any such successor or assign expressly becomes a member of any LLC after a foreclosure upon Other LLC Rights.

  • All documentary, stamp or other taxes or fees owing in connection with the issuance, transfer or pledge of the LLC Rights (or rights in respect thereof) have been paid.

  • All shares and other securities constituting the Pledged Shares or LLC Rights have been duly authorized and validly issued, are fully paid and non-assessable, and were not issued in violation of the preemptive rights of any Person or of any agreement by which Debtor or the Issuer thereof is bound.

  • Debtor will not enter into any agreement (other than the Obligation Documents) creating, or otherwise permit to exist, any restriction or condition upon the transfer or exercise of any LLC Rights.

  • Neither the making of this Agreement nor the exercise of any rights or remedies of Secured Party hereunder will cause a default under any of the LLC Agreements or otherwise adversely affect or diminish any of the LLC Rights.

  • Debtor will promptly deliver to Secured Party a copy of each notice or other communication received by Debtor from any Issuer in respect of any Pledged Shares or LLC Rights.

  • All instruments, certificates and writings evidencing the Pledged Shares and the LLC Rights shall be delivered to Secured Party on or prior to the execution and delivery of this Agreement, together with a true and correct copy of the articles of incorporation, articles of organization, regulations and bylaws or other organizational documents of each Issuer and all amendments and supplements thereto.

  • The Pledged Shares and the LLC Rights constitute one hundred percent (100%) of the shares of capital stock of each Issuer that is a corporation or one hundred percent (100%) of the membership interests of each Issuer that is a limited liability company.

Related to LLC Rights

  • 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.

  • Special declarant rights means rights reserved for the benefit of a declarant to:

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

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

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

  • Limited Liability Company Interests means the entire limited liability company membership interest at any time owned by any Pledgor in any limited liability company.

  • Limited rights means the rights to use, modify, reproduce, release, perform, display, or disclose technical data, in whole or in part, within the Government. The Government may not, without the written permission of the party asserting limited rights, release or disclose the technical data outside the Government, use the technical data for manufacture, or authorize the technical data to be used by another party, except that the Government may reproduce, release, or disclose such data or authorize the use or reproduction of the data by persons outside the Government if—

  • 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.

  • 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 such Act.

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

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner 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.

  • Company Intellectual Property Rights means Intellectual Property Rights owned by or purported to be owned by, or exclusively licensed to, the Company or any of its Subsidiaries.

  • Equity Rights means, with respect to any Person, any subscriptions, options, warrants, commitments, preemptive rights or agreements of any kind (including any shareholders’ or voting trust agreements) for the issuance, sale, registration or voting of, or securities convertible into, any additional shares of capital stock of any class, or partnership or other ownership interests of any type in, such Person.

  • Step-In Rights means the right of one party to assume an intervening position to satisfy all terms of an agreement in the event the other party fails to perform its obligations under the agreement.

  • Surface Rights means all rights to use the surface of land in connection with the Properties including, without limitation, all rights to enter upon and occupy the surface of land on which the Tangibles and Xxxxx are located and rights to cross or otherwise use the surface of land for access to the Properties;

  • Dissent Rights means the rights of dissent in respect of the Arrangement described in the Plan of Arrangement;

  • Masterworks Shares has the meaning set forth in Section 2.8(c).

  • Original Rights shall have the meaning set forth in Section 1(f)(i) hereof.

  • 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.

  • Company-Owned IP Rights means Company IP Rights that are owned by the Company or any of its Subsidiaries.

  • Company Intellectual Property Agreements means any Contract to which the Company or any Subsidiary is a party or is otherwise bound and (A) pursuant to which the Company or any Subsidiary has granted any rights with respect to any Company Intellectual Property or has been granted any rights with respect to any Third-Party Intellectual Property, or (B) that otherwise governs any Company Intellectual Property.

  • Company Intellectual Property means any Intellectual Property that is owned or purported to be owned by the Company or any of its Subsidiaries.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Pledged Partnership Agreements means all of each Grantor’s rights, powers, and remedies under the partnership agreements of each of the Pledged Companies that are partnerships.

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

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.