Membership Rights definition

Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Membership Rights means all of the rights of a member of the Company, including a member’s: (i) Interests; (ii) right to inspect the Company’s books and records; and (iii) right to vote on matters coming before the members, if any.

Membership Rights means all of the rights of a Member, including, but not limited to, a Member’s: (a) Units; (b) right to inspect the Company’s books and records; and (c) right to participate in the management of and vote on matters coming before the Members entitled to vote thereon as provided in this Agreement.

Examples of Membership Rights in a sentence

The Member may Transfer all, or any portion of, the Member’s interest or rights in the Member’s Membership Rights to one or more Successors.
The Transfer of any Membership Rights or Interests in violation of the prohibition contained in this Section 6.1 shall be deemed invalid, null and void, and of no force or effect.
If a transfer of all Membership Rights is approved as aforesaid, the transferee will succeed to all Membership Rights of a Member who transfers such Membership Rights.
Any Person to whom Membership Rights are attempted to be transferred in violation of this Section shall not be entitled to vote on matters coming before the Members, participate in the management of the Company, act as an agent of the Company, to the maximum extent permitted by law, receive distributions from the Company or have any other rights in or with respect to the Membership Rights.
Any Person to whom Membership Rights are attempted to be transferred in violation of this Section shall not be entitled to vote on matters coming before the Members, participate in the management of the Company, act as an agent of the Company, receive distributions from the Company, or have any other rights in or with respect to the Membership Rights.

More Definitions of Membership Rights

Membership Rights means all of the rights of a Member in the Company, including a Member's: (i) Membership Interest; and (ii) the rights granted to Members under this Agreement or under the Act.

Membership Rights means and refer to the rights of Members. “Married Couple” shall mean a legally recognized martial union.

Membership Rights means, collectively, the Class A Membership Rights and Class B Membership Rights as described in more detail in the Second Amended and Restated Bylaws of QHPC that is included as a Related Agreement.

Membership Rights means all of the rights of a Member in the Company, including a Member’s: (i) Interest; (ii) right to inspect the Company’s books and records; and (iii) right, to the extent provided, to participate in the management of and vote on matters coming before the Company.

Membership Rights means with respect to any Member, (a) the Member’s status as a Member; (b) that Member’s Units and Interest; (c) all other rights, benefits and privileges enjoyed by that Member (under the TBOC, the Certificate, this Agreement or otherwise) in its capacity as a Member, including that Member’s rights to vote, consent and approve and otherwise to participate in the management of Company; and (d) all obligations, duties and liabilities imposed on that Member (under the TBOC, the Certificate, this Agreement or otherwise) in its capacity as a Member, including any obligations to make Capital Contributions.

Membership Rights shall have the meaning ascribed to such term in Section 2.5.

Membership Rights means the Grantor’s Membership and all membership rights of the Grantor in the NHL that are granted by the NHL equally to each of the Members, including the right to field and operate a hockey team in the NHL and the right to elect a member of the NHL Board of Governors, whether or not in writing or evidenced by a membership or other certificate.