Common use of Membership Interest Clause in Contracts

Membership Interest. The rights of a Member or, in the case of an Assignee, the rights of the assigning Member in Distributions (liquidating or otherwise) and allocations of the profits, losses, gains, deductions, and credits of the Company.

Appears in 13 contracts

Samples: Operating Agreement, Operating Agreement (PHC Hospitals, LLC), Operating Agreement (NHP Inc)

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Membership Interest. The rights of a Member or, in the case of an Assignee, the rights of the assigning Member Member, in Distributions (liquidating or otherwise) and allocations of the profits, losses, gains, deductions, Net Profits and credits of the CompanyNet Losses.

Appears in 1 contract

Samples: Operating Agreement (Sentex Sensing Technology Inc)

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