Examples of Managing Member Interest in a sentence
The Managing Member Interest shall have the rights and powers of the Managing Member specified herein and the rights to distributions set forth in Section 13 below and any distribution upon dissolution of the Company as described in Section 19.
The Company shall have two classes of limited liability company interests, which shall be designated "Managing Member Interest" and "Preferred Equity Member Interest" respectively.
The Parent Managing Member Interest has been duly authorized and validly issued in accordance with the Partnership Agreement.
As of the Execution Date, the Parent Managing Member owns, beneficially and of record, the Parent Managing Member Interest.
The Parent Managing Member owns no Equity Interests in any other Person other than the Parent Managing Member Interest.