Membership Interests definition

Membership Interests has the meaning set forth in the recitals.

Membership Interests means all of the rights and interests of whatsoever nature of the Members in the Company, including without limitation the right to participate in management to the extent herein expressly provided, to receive distributions of funds, and to receive allocations of income, gain, loss, deduction, and credit.

Membership Interests means membership interests of the Company.

Examples of Membership Interests in a sentence

• The Members of the Company, their respective addresses, and the number of Membership Interests held by each Member shall be as set forth in Exhibit “A” attached hereto and by reference made a part hereof.

• Bridgelink is, and on the Closing Date will be, the record and beneficial owner and holder of the Membership Interests, free and clear of all Liens.

• At the end of each Fiscal Year, any Net Profits remaining may be allocated to the Members pro rata, based upon the proportion of the Membership Interest held by each Member to the number of Membership Interests held by all Members, subject to allocations based on the Capital Accounts.

• From the date of the formation of the Company, any Person acceptable to the Manager may become a Member in the Company by the sale of new Membership Interests for such consideration as the Manager shall determine, subject to the terms and conditions of this Agreement.

• At the end of each Fiscal Year, any Net Losses remaining shall be allocated to the Members pro rata, based upon the proportion of the Membership Interest held by each Member to the number of Membership Interests held by all Members, subject to allocations based on the Capital Accounts.

More Definitions of Membership Interests

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

Membership Interests has the meaning set forth in Section 2.1.

Membership Interests shall have the meaning set forth in the Recitals.

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

Membership Interests is defined in Section 5.24.

Membership Interests has the meaning provided such term in the Recitals.

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.