Membership Interests. A Member’s ownership interest in the Company shall be expressed as a number of “Units,” whether whole or fractional, issued by the Company and as provided for herein. Each Member shall have the rights and powers with respect to such Member’s ownership interest solely as set forth in this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company, California Limited Liability Company, Operating Agreement
Membership Interests. A Member’s The ownership interest in of the Company shall be expressed as divided into Membership Interests, which shall be allocated among the Members. A Member’s “Relative Membership Interest” shall mean the percentage that a number of “Units,” whether whole or fractional, issued by the Company and as provided for hereinMember’s Membership Interest bears in relation to all outstanding Membership Interests. Each Member shall have the rights be entitled to vote and powers to share in all profits, losses and distributions pro rata with respect to all other Members based on such Member’s ownership interest solely as set forth in this AgreementRelative Membership Interest.
Appears in 3 contracts
Samples: Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.)
Membership Interests. A Each Member’s 's ownership interest in the Company is herein referred to generally as a "Membership Interest." The respective rights of each Member to share in the capital of the Company, either by way of distributions or on liquidation, will be determined by reference to the Capital Account (as defined herein) of such Member; and each Member's interest in the profits and losses of the Company shall be expressed as a number of “Units,” whether whole or fractional, issued by the Company and established as provided for herein. Each Member shall have the rights and powers with respect to such Member’s ownership interest solely as set forth in this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Danskin Investors LLC), Limited Liability Company Operating Agreement (Gold & Appel Transfer Sa)
Membership Interests. A Each Member’s 's ownership interest in the Company is herein referred to generally as a "Membership Interest." The respective rights of each Member to share in the capital of the Company, either by way of distributions or on liquidation, will be determined by reference to the Capital Account (as defined herein) of such Member; and each Member's interest in the profits and losses of the Company shall be expressed as a number of “Units,” whether whole or fractional, issued by the Company and established as provided for herein. Each Member shall have the rights and powers with respect to such Member’s ownership interest solely as set forth in this Agreement. Xxxxxxxx Xxxxxxxx shall have the ability to assign all or any portion of its Membership Interest to any of its affiliates.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Entrada Holdings LLC), Limited Liability Company Operating Agreement (Fibr Holdings LLC)
Membership Interests. A Member’s The ownership interest in of the Company shall be expressed as divided into Membership Interests, which shall be allocated among the Members, A Member’s “Relative Membership Interest” shall mean the percentage that a number of “Units,” whether whole or fractional, issued by the Company and as provided for hereinMember’s Membership Interest bears in relation to all outstanding Membership Interests. Each Member shall have the rights be entitled to vote and powers to share in all profits, losses and distributions pro rata with respect to all other Members based on such Member’s ownership interest solely as set forth in this AgreementRelative Membership Interest.
Appears in 1 contract
Samples: Operating Agreement (Erie Shores Emergency Physicians, Inc.)
Membership Interests. A Member’s The ownership interest in of the Company shall be expressed as divided into Membership Interests, which shall be allocated among the Members. A Member's "Relative Membership Interest" shall mean the percentage that a number of “Units,” whether whole or fractional, issued by the Company and as provided for hereinMember's Membership Interest bears in relation to all outstanding Membership Interests. Each Member shall have the rights be entitled to vote and powers to share in all profits, losses and distributions pro rata with respect to all other Members based on such Member’s ownership interest solely as set forth in this Agreement's Relative Membership Interest.
Appears in 1 contract
