Examples of Distributional interest in a sentence

Any transfer of a Member’s interest in violation of this Agreement shall be void and of no effect; provided, however, that Xxxxxxxxx shall be permitted to pledge its Distributional Interest only to PNC Bank or the successor agent of the existing PNC credit facility or successor primary lender to Xxxxxxxxx (“Lender”).
All transfers of an interest in the Company by a Member shall entitle the transferee only the rights afforded a transferee of a Distributional Interest pursuant to § 18-702 of the Act except as otherwise expressly provided herein.
The Managers’ Distributional Interest shall consist of that portion of the Manager’s Net Profits (as defined in Article 6.1.7.[b] below) which the Managers do not otherwise dispose of.
Any transfer of a Member’s interest in violation of this Agreement shall be void and of no effect; provided, however, that Armstrong shall be permitted to pledge its Distributional Interest only to PNC Bank or the successor agent of the existing PNC credit facility or successor primary lender to Armstrong (“Lender”).
Such transferee shall only be entitled to become an Distributional Interest Owner and thereafter shall only receive the share of the Company's taxable income, taxable loss and Distributions of the Company's assets to which the transferor of such Distributional Interest would otherwise be entitled.

More Definitions of Distributional interest

Distributional interest has the meaning set forth in Section 8.1,

Distributional interest means all of a member's interest in the distributions of a limited liability

Distributional interest means the right under an unincorporated entity's organic law

Distributional interest means all of a member’s interest in distributions by the limited liability company.

Distributional interest means all of a member's right to

Distributional interest means the right under an unincorporated entity's organic law and organic rules to receive distributions from the en- tity.