Membership Units definition

Membership Units means membership interests in the Company.

Membership Units has the meaning set forth in the Recitals.

Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

Examples of Membership Units in a sentence

• Family Membership: This option provides benefits for Covered Services provided to the Subscriber and his or her Eligible Dependents.Other Membership Units may be chosen by the Group Applicant and will be defined in the Master Group Application.If other Membership Units are chosen, a Subscriber may select from those Membership Units as defined by the Group Applicant.

• If other Membership Units are chosen, a Subscriber may select from those Membership Units as defined by the Group.

• Family Membership: This option provides benefits for Covered Services provided to the Subscriber and his or her Eligible Dependents.Other Membership Units may be chosen by the Group and will be defined in the Master Group Application.

• The Manager may redeem Membership Units Pari Passu at any time at the then current Unit Price in its sole discretion without penalty to the Manager or the Fund.

• Issuance of Membership Units to new Members shall be subject to compliance with Section 3.2 hereof.

More Definitions of Membership Units

Membership Units shall as such term is defined in the Operating Agreement.

Membership Units means, (i) individually, any of the Class A Membership Units, Class B Membership Units, Class C Membership Units or Class C-1 Membership Units, as applicable, and (ii) collectively, the Class A Membership Units, the Class B Membership Units, the Class C Membership Units and the Class C-1 Membership Units, if any.

Membership Units has the meaning set forth in the LLC Agreement.

Membership Units means any unitized ownership rights in the Company, indicated by the right to receive cash or other distributions declared by the Members, and having voting rights in the governance of the Company now existing or hereafter created in accordance with this Agreement. Initially, the Membership Units shall consist of Voting Units, Team Units, and Team Incentive Units.

Membership Units has the meaning set forth in the recitals to this Agreement.

Membership Units has the meaning set forth in Section 3.01.

Membership Units has the meaning given to such term in the recitals set forth above.