Examples of Membership Interests in a sentence
Concurrently with the execution of this Agreement, the Member will hold an interest in the Company represented by the Membership Interests set forth opposite its name on Schedule A.
The ownership of the Member is reflected on Schedule A, as the same may be amended from time to time by the Member, and such ownership is reflected as a percentage of the total Membership Interests of the Company.
An assignee of the Member’s Membership Interests will become a Member and will have and may exercise all rights and powers of a Member, including the right to participate in the management of the business and affairs of the Company.
Unless the Member decides otherwise, Membership Interests will be issued without certificates.
Subject to Section 3.3, any sale, assignment, disposition, transfer, pledge, or encumbrance of any of the Member’s Membership Interests requires the consent of the Member.