LLC Interests definition

LLC Interests shall have the meaning given to such term in Section 5.1.3.

LLC Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

LLC Interests has the meaning set forth in the Recitals.

Examples of LLC Interests in a sentence

• The Company is only authorized to issue the LLC Interests that exist as of the date hereof, and the Company may not hereafter create or issue any limited liability company interest, provided that nothing in this sentence restricts the Disposition of any outstanding LLC Interest by any Member (which matter is governed by Article VIII).

• Subject to Sections 6.6, distributions to the holders of LLC Interests shall be made as provided in Section 6.6(b) and Section 9.2.

• The LLC Interests shall not be subject to the operation of a retirement or sinking fund to be applied to the purchase or redemption thereof for retirement and shall not be convertible into any other class of limited liability company interests.

• Except as expressly set forth elsewhere in this Agreement (including Section 3.1 and Section 3.4), the voting rights of each holder of LLC Interests shall be based on such holder’s Percentage Interest.

• Except to the extent otherwise required by the Act or expressly provided in this Agreement, the holders of LLC Interests shall be entitled to vote on all matters upon which Members have the right to vote as set forth in this Agreement or provided in the Act.

More Definitions of LLC Interests

LLC Interests has the meaning set forth in the Recitals to this Agreement.

LLC Interests means, with respect to Borrower, all membership, equity or ownership and/or other interests now or hereafter owned by Borrower in the LLCs, and including all of Borrower’s right, title and interest in and to: (a) any and all now existing and hereafter acquired membership, equity or ownership interest of Borrower in the LLCs, whether in capital, profits or otherwise; (b) any and all now existing and hereafter arising rights of Borrower to receive Distributions or payments from the LLCs, whether in cash or in kind and whether such Distributions or payments are on account of Borrower’s interest as owner of a membership, equity or ownership interest of the LLCs or as a creditor of the LLCs or otherwise, and all other economic rights and interests of any nature of Borrower in the LLCs; (c) any and all now existing and hereafter acquired management and voting rights of Borrower of, in, or with respect to the LLCs, whether as an owner of a membership, equity or ownership interest in the LLCs or otherwise, and whether provided for under the Operating Agreements and/or applicable law, and all other rights of and benefits to Borrower of any nature arising or accruing under the Operating Agreements; (d) any and all now existing and hereafter acquired rights of Borrower to any specific property owned by the LLCs; (e) if the LLC Interests are evidenced in certificate form, the LLC Interests shall include all such certificates, delivered to Lender accompanied by Powers duly executed in blank; and (f) all Proceeds of the foregoing Collateral.

LLC Interests shall have the meaning set forth in the recitals.

LLC Interests. The limited liability company interests issued pursuant to an LLC Agreement evidencing beneficial ownership interests in the related Issuer.

LLC Interests is defined in the Recital.

LLC Interests means the limited liability company interests in the Company, having the terms and conditions set forth in the LLC Agreement.

LLC Interests shall have the meaning given to such term in Section 5.1.2. LOAN DOCUMENTS shall mean this Agreement, the Notes, the Administrative Agent's Letter, the Guaranty Agreement, the Intercompany Subordination Agreement and any other instruments, certificates or documents delivered or contemplated to be delivered hereunder or thereunder or in connection herewith or therewith, as the same may be supplemented or amended from time to time in accordance herewith or therewith, and LOAN DOCUMENT shall mean any of the Loan Documents. LOAN PARTIES shall mean the Borrowers and the Guarantors.