Interests in the Company. 23 5.01 Percentage Interest.............................................................................. 23 5.02 Return of Capital................................................................................. 23 5.03 Ownership........................................................................................... 23 5.04 Waiver of Partition; Nature of Interests in the Company.................... 23
Interests in the Company. Unless the context otherwise clearly indicates, a Member's "interest" in the Company shall mean and include its share of the capital of the Company, its share of the Profits and Losses (including its share of Gain or Loss on Disposition) and other tax items of the Company, its share of the distributions of the Company, its Capital Account, and its other rights and obligations, all as determined under this Agreement.
Interests in the Company. The ESOP has no interest, other than as a shareholder of the Company, (a) in any property, real or personal, tangible or intangible, used in the business of the Company and its Subsidiary, or (b) in any material agreement, contract, binding arrangement or obligation relating to the Company and its Subsidiary or their present operations. Except for transactions contemplated by the ESOP plan documents or the Trust Agreement, there are no agreements between the Company or its Subsidiary, on the one hand, and the ESOP or any Affiliates thereof, on the other hand.
Interests in the Company. In exchange for the Capital Contributions to be made by the Members under Section 4.1, OASIS and EOI shall receive the Interests described in this Agreement.
Interests in the Company. Interests. Subject to the limitations contained in Section 5.8 relating to the number of permitted Holders, the limited liability company interests in the Company shall consist of an unlimited number of non-transferable Interests which shall be denominated in dollars corresponding to the value of such Interests determined by reference to the corresponding Book Capital Accounts. All Interests shall be validly issued, fully paid and nonassessable when issued for such consideration as the Directors shall determine. The Directors may permit the purchase of Interests (for cash or other consideration acceptable to the Directors, subject to the requirements of the 1940 Act) but only if the purchaser is an Institutional Invexxxx. Xubject to applicable law, the provisions hereof and such restrictions as may be adopted by the Directors, a Holder may increase its Interest by contributions or decrease its Interest by withdrawals without limitation. Any Person to whom Interests are issued after the date hereof shall be admitted to the Company as a Holder when it acquires an Interest and it is reflected on the register of Holders. Pursuant to Section 18-215 of the Act, the Directors shall have authority, from time to time, to establish Interests of a Series, each of which shall be separate and distinct from the Interests in any other Series. The Series shall include, without limitation, those Series specifically established and designated in Section 5.2 hereof, and such other Series as the Directors may deem necessary or desirable. The Directors shall have exclusive power without the requirement of Holder approval to establish and designate such separate and distinct Series, and, subject to the provisions of this Agreement and the 1940 Act, to fix and determine the rights of Holders of Interests in such Series, including with respect to the price, terms and manner of purchase and redemption, dividends and other distributions, rights on liquidation, sinking or purchase fund provisions, conversion rights and conditions under which the Holders of the several Series shall have separate voting rights or no voting rights.
Interests in the Company. 7 5.01. Percentage Interests................................................ 7 5.02. Ownership........................................................... 7 5.03. Waiver of Partition and Bankruptcy Filing........................... 7
Interests in the Company. Section 5.1. Interests...................................................12 Section 5.2. Classes of Interests........................................12 Section 5.3.
Interests in the Company. (a) A Member's percentage "Interest" in the Company means the entire vested ownership interest of a Member in the Company at any particular time, including the right of such Member to any and all benefits to which a Member may be entitled as provided in this Agreement, together with the obligations of such Member to comply with all the terms and provisions of this Agreement. Members will be entitled to vote based on their respective percentage Interests in the Company. Unless otherwise provided in this Agreement, the approval of a majority in Interest of the Members with respect to any matter requiring the consent or approval of the Members shall be binding on all Members. Reference to a majority or other specified percentage in Interest of the Members means Members whose aggregate capital contributions with respect to their Interests represent over fifty percent (50%), or such specified percentage, respectively, of the aggregate capital contributions of all Members.
Interests in the Company. In exchange for the Capital Contributions set forth in Section 4.02, the Members shall be entitled to the following interests in the Company.
Interests in the Company. In exchange for the Capital Contributions set forth in Section 3.02, the Initial Members shall be entitled to the following number of units of Membership Interest in the Company.
