Common use of Limited Liability Company Interest Clause in Contracts

Limited Liability Company Interest. The interest of the Member will be designated as the "Limited Liability Company Interest" and may be expressed as a 100% percentage interest. The Limited Liability Company Interest is personal property and the Member has no interest in specific property of the Company.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (BNP Paribas Mortgage ABS LLC), Limited Liability Company Agreement (BNP Paribas Mortgage Securities LLC), Limited Liability Company Agreement (National City Mortgage Capital LLC)

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Limited Liability Company Interest. The interest of the Member will be designated as the "β€œLimited Liability Company Interest" ” and may be expressed as a 100% percentage interest. The Limited Liability Company Interest is personal property and the Member has no interest in specific property of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Shellpoint Mortgage Acceptance LLC)

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