Member Economic Interest definition

Member Economic Interest means all of the right, title and interest of a Member in, to and against the Company as to the profits, losses, credits, capital and distributions of the Company, but shall not include any Management Rights.
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Member Economic Interest means all of the right, title and interest of a Member in, to and against the Company as to the profits, losses, credits, capital and distributions of the Company, but shall not include any Management Rights. Member Group: shall mean the JBGL Member Group or the Xxxxxxxxxxx Member Group, as the case may be. Membership Interest: shall mean a Member’s entire interest in the Company, including the Member Economic Interest and the Management Rights of such Member. Minimum Funding Amount: From the date through the end of the term of this Agreement such amount shall be $25,000,000. Net Operating Profits: shall mean, for any period, the positive amount obtained by subtracting Operating Losses (determined as provided in Schedule C hereto) for such period from Operating Profit (determined as provided in Schedule C hereto) for such period. Offeree Member Group: shall have the meaning ascribed to such term in Section 5.1(c) hereof. Offeror Member Group: shall have the meaning ascribed to such term in Section 5.1(c) hereof. Officer(s): shall have the meaning ascribed to such term in Section 4.2(a) hereof. Overall Purchase Price: shall have the meaning ascribed to such term in Section 5.1(c) hereof. Xxxxxxxxxxx Manager: shall have the meaning ascribed to such term in Section 4.3(a) hereof. Xxxxxxxxxxx Member Group: shall have the meaning ascribed to such term in Section 9.4 hereof. Percentage Interest: shall mean, as to each Member, such Member’s Membership Interest, expressed as a percentage, in the income, gains, losses, deductions, tax credits, and distributions of the Company, subject however to, and as may be affected and adjusted by, the provisions of this Agreement. The initial Percentage Interest of each Member is set forth on Schedule A hereto. 5
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Member Economic Interest means all of the right, title and interest ------------------------ of a Member in and to Net Profits, Net Losses, capital and distributions of and from the Company. The foregoing definition of "Member Economic Interest" is intended to comply with the definition of "limited liability company interest" as set forth in Section 18-101 of the Act, and shall be interpreted consistently therewith.
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Examples of Member Economic Interest in a sentence

  • Each Member, Economic Interest Holder and Manager further agrees that personal jurisdiction over it may be effected by service of process by registered or certified mail addressed as provided in Section 13.6 and that when so made shall be as if served upon it personally.

  • In the event any claim is made by any Member, Economic Interest Holder or Manager relating to any conflict, omission or ambiguity in this Agreement, no presumption or burden of proof or persuasion shall be implied by virtue of the fact that this Agreement was prepared by or at the request of a particular Member or Manager or that Member's, Economic Interest Holder's or Manager's counsel.

  • Any such notice must be given to the Company at its principal place of business, and to any Member, Economic Interest Holder or Manager at the address specified in Exhibit A.

  • Any notice to be given to the Company or any Member, Economic Interest Holder or Manager in connection with this Agreement must be in writing and will be deemed to have been given and received when delivered to the address specified by the party to receive the notice by courier or other means of personal service, when received if sent by facsimile, or three (3) days after deposit of the notice by first class mail, postage prepaid, or certified mail, return receipt requested.

  • Subject to the requirement that all disputes are to be submitted to arbitration pursuant to Section 13.4, each Member, Economic Interest Holder and Manager consents to the exclusive jurisdiction of the federal courts sitting in Los Angeles, California, in any action on a claim arising out of, under or in connection with this Agreement or the transactions contemplated by this Agreement.

  • The Company may offset against any monetary obligation owing from the Company to any Member, Economic Interest Holder or Manager any monetary obligation then owing from that Member, Economic Interest Holder or Manager to the Company.

  • The debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Member, Economic Interest Holder, Manager or officer of the Company shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member, Economic Interest Holder, Manager and/or officer.

  • Without limiting the generality of the foregoing, no Member, Economic Interest Holder or Manager shall, at any time (both during the period such Person is a Member, Economic Interest Holder or Manager and thereafter), cause, suffer or permit the Confidential Information to be used for the gain or benefit of any party outside of the Company or for such Person's personal gain or benefit outside the scope of such Person's relationship with the Company.

  • The debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Member, Economic Interest Holder, Manager or officer of the Company shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member, Economic Interest Holder, Manager or officer.

  • No Member or Economic Interest Holder, or any Affiliate thereof, shall be entitled to compensation for actions taken on behalf of the Company or in connection with this Agreement, except pursuant to an employment agreement, consulting agreement, or other agreement or agreements with the Company adopted by the Management Board which provide for compensation paid by the Company to such Member, Economic Interest Holder, or any of such Person’s Affiliates.


More Definitions of Member Economic Interest

Member Economic Interest is intended to comply with the definition of "limited liability company interest" as set forth in Section 18-101 of the Act, and shall be interpreted consistently therewith.
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Related to Member Economic Interest

  • 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.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • 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.

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

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • 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.

  • 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.

  • Indian-owned economic enterprise means any Indian-owned (as determined by the Secretary of the Interior) commercial, industrial, or business activity established or organized for the purpose of profit, provided that Indian ownership constitutes not less than 51 percent of the enterprise.

  • Member Nonrecourse Debt Minimum Gain means an amount, with respect to each Member Nonrecourse Debt, equal to the Company Minimum Gain that would result if the Member Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Treasury Regulations Section 1.704-2(i)(3).

  • 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.

  • Member means a member of the Board;

  • Member Nonrecourse Deductions has the meaning of “partner nonrecourse deductions” set forth in Treasury Regulations Sections 1.704-2(i)(1) and 1.704-2(i)(2).

  • Partner Nonrecourse Debt Minimum Gain has the meaning set forth in Treasury Regulation Section 1.704-2(i)(2).

  • Member Nonrecourse Debt has the meaning of “partner nonrecourse debt” set forth in Treasury Regulations Section 1.704-2(b)(4).

  • Member Minimum Gain means an amount, with respect to each Member Nonrecourse Debt, equal to the Company Minimum Gain that would result if such Member Nonrecourse Debt were treated as a Nonrecourse Liability.

  • Virginia venture capital account means an investment fund that has been certified by the

  • Member Nonrecourse Deduction means “partner nonrecourse deduction” as defined in Treasury Regulations Section 1.704-2(i), substituting the term “Member” for the term “partner” as the context requires.

  • Partnership Minimum Gain has the meaning set forth in Regulations Section 1.704-2(b)(2), and the amount of Partnership Minimum Gain, as well as any net increase or decrease in Partnership Minimum Gain, for a Partnership Year shall be determined in accordance with the rules of Regulations Section 1.704-2(d).

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • membership dues means the dues established pursuant to the constitution of the Association as the dues payable by employees as a consequence of their membership in the Association and shall not include any initiation fee, insurance premium or special levy (« cotisations » ou « retenues syndicales »);

  • Council Member means a member of the Council;

  • Partner Nonrecourse Debt has the meaning set forth in Treasury Regulation Section 1.704-2(b)(4).

  • Partner Nonrecourse Deductions has the meaning set forth in Regulations Section 1.704-2(i)(2), and the amount of Partner Nonrecourse Deductions with respect to a Partner Nonrecourse Debt for a Partnership taxable year shall be determined in accordance with the rules of Regulations Section 1.704-2(i)(2).

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;