Interest of Members. Each Member shall own a percentage interest (sometimes referred to as a share) in the LLC. The Member’s percentage interest shall be based on the amount of cash or other property that the Member has contributed to the LLC and that percentage interest shall control the Member’s share of the profits, losses, and distributions of the LLC.
Interest of Members of Congress (a) The PHA, HUD, or Comptroller General of the United States, or any of their duly authorized representatives Former Members, Officers, or Employees excerpts, and transcriptions.
Interest of Members. Except as otherwise provided in Section 5 of this Article I, each member shall have a percentage interest ("Interest") in the Company equal to a fraction the numerator of which is the net present value discounted (using a discount rate of three (3) percent, or such other rate as the Board subsequently establishes) to January 1, 2003 of the total contribution commitment of such member set forth across from such member's name on Schedule A hereto as may be amended from time to time pursuant to sections 3 and 7 through 9 of this Article I, and the denominator of which is the sum of the net present values calculated for each of the members' total contribution commitments set forth on Schedule A as may be amended from time to time pursuant to sections 3, and 7 through 9 of this Article I. References hereinafter to "Schedule A" shall mean Schedule A, as may be amended from time to time pursuant to sections 3, 5 and 7 through 9 of this Article I.
Interest of Members. OFFICERS, OR EMPLOYEES OF PHA, MEMBERS OF LOCAL GOVERNING BODY, OR OTHER PUBLIC OFFICIALS.
a. No person or entity in the following clauses shall have an interest, direct or indirect, in this SPRAC or in any proceeds or benefits arising from it, during his or her tenure or for one year thereafter.
i. any member or officer of the PHA (where it is the CA or the Owner), except where his or her interest is as a tenant;
ii. any employee of the PHA (where it is the CA or the Owner) who formulates policy or influences decisions with respect to the subject SPRAC project;
iii. any other employee of the PHA (where it is the CA or the Owner), except where his or her interest is as a tenant;
iv. any member of the governing body or the executive officer of the locality (city or county) in which the subject SPRAC project is situated;
v. any member of the governing body or executive officer of the locality (city or county) in which the PHA (where it is the CA or the Owner) was activated;
vi. any other State or local public official (including State legislators), who exercise any functions or responsibilities with respect to the subject SPRAC project;
vii. any PHA (which is not the CA), where any of its members, officers, or employees has a personal interest in the subject SPRAC project, including an interest by reason of membership on the board of the PHA which is the CA (except an employee who does not formulate policy or influence decisions with respect to the subject SPRAC project may have an interest as a tenant).
b. Members of the classes described in paragraph (a) who involuntarily acquire an interest in the Section 202 program, or in a SPRAC project, or who had acquired prior to the beginning of their tenure any such interest, must disclose any interest or prospective interest to the PHA (where it is the CA or the Owner) and the HUD Field Office, and may, with appropriate justification, if consistent with State law, apply to the HUD Field Office (through the PHA where it is the CA) for a waiver. Any other requests for waivers of paragraph (a) must be referred to HUD Headquarters, with appropriate recommendations from the Field Office, for a determination of whether a waiver will be granted.
c. No person to whom a waiver is granted shall be permitted (in his or her capacity as member of a class described in paragraph (a)) to exercise responsibilities or functions with respect to a SPRAC executed, or to be executed, on his or her behalf, or with respect to a SPRAC to...
Interest of Members. If a percentage restriction on investment or use of assets set forth below is adhered to at the time a transaction is effected, later changes in percentage resulting from changing market values will not be considered a deviation from policy. Subject to the foregoing, the Company may not:
Interest of Members. OFFICERS, EMPLOYEES OF PUBLIC BODY MEMBERS OF LOCAL GOVERNING BODY, OR OTHER PUBLIC OFFICIALS. No member, officer, or employee of the Public Body, or its designees or agents, no member of the governing body of the locality in which the program is situated, and no other public official of such locality or localities who exercises any functions or responsibilities with respect to the program during his tenure or for one (1) year thereafter, shall have any interest, direct or indirect, in any contract or subcontract, or the proceeds thereof, for work to be performed in connection with the program assisted under the Agreement.
Interest of Members. Officers or Employees of the Subrecipient, Members of Local Governing Body, or Other Public Officials. No member, officer, or employee of the Subrecipient or its designees or agents, no member of the governing body of the locality in which the activity is situated, and no other public official of such locality or localities who exercises any functions or responsibilities with respect to the activity during his tenure or for one year thereafter, will have any interest, direct or indirect, in any Agreement or subcontract, or the proceeds thereof, for work to be performed in connection with the activity assisted under this Agreement.
Interest of Members. Officers, or Employees of the Council, Members of the Local Government, or Other Public Officials No member, officer, or employee of the Council or its agents; no member of the governing body of the locality in which the program is situated; and no other public official of such locality or localities who exercises any functions or responsibilities with respect to the program during his or her tenure or for one year thereafter, shall have any financial interests, either direct or indirect, in any contract or subcontract, or the proceeds thereof, for work to be performed in connection with the program assisted under this Agreement. Immediate family members of said members, officers, employees, and officials are similarly barred from having any financial interests in the program. The Council shall incorporate, or cause to be incorporated, in all such contracts or subcontracts, a provision prohibiting such interest pursuant to the purpose of this section.
Interest of Members. A Manager elected to fill a vacancy shall hold office until its successor shall be elected and shall qualify or until his or its earlier death, dissolution, resignation, or removal.
Interest of Members. As of the date of this Agreement, Holdings has contributed $999.00 to the capital of the Company. Intermediate has contributed $1.00 to the capital of the Company. Effective upon such contributions, Holdings and Intermediate shall be admitted as the Members of the Company. Holdings shall be issued nine hundred ninety-nine (999) Class A Units and Intermediate shall be issued one (1)
