Company Interest. For purposes of this Agreement, the term “Company Interest” shall mean the Member’s share of the Company’s net profits and net losses, the right to receive distributions of Company property and the rights, powers and liabilities of a Member as defined and described in the Act and this Agreement. The nature of a Company Interest shall be personal property for all purposes.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (First Wind Holdings Inc.), Limited Liability Company Agreement (First Wind Holdings Inc.)
Company Interest. For purposes of this Agreement, the term “"Company Interest” interest" shall mean the each Member’s 's share of the Company’s 's net profits and net losses, the right to receive distributions of Company property and the rights, powers and liabilities of a Member as defined and described in the Act and this Agreement. The nature of a Company Interest interest shall be personal property for all purposes.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Fresh2 Group LTD), Limited Liability Company Agreement
Company Interest. For purposes of this Agreement, the term “"Company Interest” " shall mean the each Member’s 's share of the Company’s 's net profits and net losses, the right to receive distributions of Company property and the rights, powers and liabilities of a Member as defined and described in the Act and this Agreement. The nature of a Company Interest shall be personal property for all purposes.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Miller Petroleum Inc)