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Common use of Membership Interest Clause in Contracts

Membership Interest. The Member shall own one hundred percent (100%) of the membership interests in the LLC, and all profits and losses shall be allocated to the Member.

Appears in 102 contracts

Samples: Limited Liability Company Agreement (Peabody Trout Creek Reservoir LLC), Limited Liability Company Agreement (Pacific Export Resources, LLC), Operating Agreement (Pacific Export Resources, LLC)

Membership Interest. The Member shall own one hundred percent (100%) of the membership interests in the LLC, and all profits and losses shall be allocated to the MemberManager.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Pacific Export Resources, LLC), Limited Liability Company Agreement (Black Beauty Coal Co)