Membership Interests definition

Membership Interests has the meaning set forth in the recitals.

Membership Interests is defined in Section 5.24.

Membership Interests has the meaning set forth in the recitals to this Agreement.

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.

More Definitions of Membership Interests

Membership Interests means, collectively, the limited liability company interests of the Members in the Company as represented by Units and IDRs.

Membership Interests has the meaning assigned to such term in the LLC Agreement.

Membership Interests means the limited liability company interests of the Company held by the Member, in its capacity as such, including rights to distributions (liquidating or otherwise), allocations, information, all other rights, benefits and privileges enjoyed by the Member (under the Act, the Certificate of Formation, this Agreement or otherwise) in its capacity as the Member and otherwise to participate in the management of the Company; and all obligations, duties and liabilities imposed on the Member (under the Act, the Certificate of Formation, this Agreement, or otherwise) in its capacity as the Member.

Membership Interests is defined in the recitals.

Membership Interests means financial institutions that vary as to their jurisdiction of organization, size, registration and regulatory status, primary business and business model.

Membership Interests means the limited liability company interests of the Manager (and any interests, units or other securities into which such Membership Interests may be converted or into which they may be exchanged).

Membership Interests means the membership interests of Seller.