Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.
Membership Unit means an outstanding common membership unit of the LLC.
Membership Unit. 3.01 "Senior Executive Offices" 4.06 "Tax Distributions" 5.03 "Tax Matters Partner" 5.06
Examples of Membership Unit in a sentence
The Membership Unit represented by this Certificate has not been registered under the Securities Act of 1933, as amended (the "Act"), or under the securities laws of any state.
The Membership Unit has been acquired for investment and may not be pledged, hypothecated, sold, or otherwise transferred in the absence of an effective registration statement for the Membership Unit under the Act and any applicable state securities laws or assurance satisfactory to the Company that such registration is not required.
By accepting the Membership Unit represented by this Certificate, the transferee of the Membership Unit does expressly accept and agrees to all the provisions and the commitments of the said Operating Agreement.
More Definitions of Membership Unit
Membership Unit shall have the meaning set forth in the LLC Agreement.
Membership Unit means the unit representing a Member's interest in the Company, including such Member's (i) ownership interest in the Company, (ii) right to share in any Net Profits, Net Losses and any distributions of the Company, and (iii) right, if any, to participate in the management of the Company or any other decision of the Members pursuant to this Agreement.
Membership Unit or “Unit” means a fractional, undivided share of the Membership Interests of all Members issued pursuant to Sections 4.1 and 4.2, in such number as set forth on Exhibit A, as such Exhibit may be amended from time to time. Any rights and preferences or other obligations with respect to Units as may be authorized hereunder shall be set forth in an exhibit hereto.
Membership Unit shall have the meaning set forth in the Wellsford/Whitehall LLC Agreement.
Membership Unit means a limited liability company interest in the Company (not including any right to the return of Capital Contributions and any interest thereon) representing such fractional part of the interest of all unit holders pursuant to this Agreement as is equal to the quotient of one divided by the total number of Membership Units as evidenced by a certificate in the form of Exhibit A to this Agreement.
Membership Unit means an equity interest in the Company representing such fractional part of the interest of all unit holders pursuant to this Agreement as is equal to the quotient of one divided by the total number of Membership Units.
Membership Unit means a fractional, undivided share of the Membership Interests of all Members issued pursuant to Sections 4.1 and 4.2, and includes OP Units, LTIP Units and any other classes or series of Membership Units established after the date hereof. The number of Membership Units outstanding and the Percentage Interests in the Company represented by such Membership Units are set forth in the Member Registry.