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)

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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)

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