Common use of Nature of Interest Clause in Contracts

Nature of Interest. A Member's interest in the Master LLC or any Series constitutes personal property. No Member has any interest in any specific asset or property of the Company or any Series.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Operating Agreement

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Nature of Interest. A Member's member’s interest in the Master LLC or any Series constitutes personal property. No Member member has any interest in any specific asset or property of the Company or any Series.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Freeport Holdings Series LLC)

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Nature of Interest. A Member's ’s interest in the Master LLC or any Series constitutes personal property. No Member has any interest in any specific asset or property of the Company or any Series.

Appears in 1 contract

Samples: Operating Agreement

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