Examples of Membership Interest in a sentence
In those cases in which the assignee of, or the successor to, a Member owning Membership Interest has been approved by the Members for admission to the Company as a substitute Member, the power of attorney shall survive for the sole purpose of enabling the Managers to execute, acknowledge and file any instrument necessary to effect such substitution.
A Member shall not, while this Agreement is in force, assign, encumber, pledge, transfer, or otherwise dispose of any of his or her Membership Interest now or hereafter owned by him or her except pursuant to the terms of this Agreement.
The power of attorney shall survive the delivery of an assignment by a Member of the whole or any portion of his Membership Interest.
Ambielli (SEAL) (SEAL) Maria Celia Ambielli Maria Celia Ambielli SCHEDULE I Names and Addresses of Members Capital Contributions Membership Interest John F.
Except as otherwise provided in Schedule IV and subject to the transfer restrictions imposed therein, all or part of a Membership Interest may be transferred only with the unanimous written consent of all Managers and Members (excluding the Member seeking to transfer part or all of such Membership Interest), which consent may be granted or denied in the sole discretion of such Managers and Members.