Common use of Nature of Members’ Interests Clause in Contracts

Nature of Members’ Interests. The Interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets shall be held in the name of the Company. Neither any Member or a successor, representative, or assignee of such Member, shall have any right, title or interest in the Company’s Assets or the right to partition any real property owned by the Company. Interests may, but are not required to, be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment issued by the Company, in such form as the Manager may determine.

Nature of Members’ Interests. The Interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets shall be held in the name of the Company: Xxxxxxx Homes Xxxxxxx Loans, LLC. Neither any Member member or a successor, representative, or assignee of such Member, shall have any right, title or interest in the Company’s Company Assets or the right to partition any real property owned by the Company. Interests may, but are not required to, be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment Acknowledgement issued by the Company, in such form as the Manager may determine.

Nature of Members’ Interests. The Interests interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets assets shall be held in the name of the Company. Neither any Member or nor a successor, representative, representative or assignee assign of such Member, shall have any right, title or interest in the Company’s Assets or to any Company property or the right to partition any real property owned by the Company. Interests may, but are not required to, may be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment membership interest issued by the Company, in such form as the Manager Managers may determine.

Nature of Members’ Interests. The Interests interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets assets shall be held in the name of the Company, except as the Managers may otherwise provide in accordance with this Agreement. Neither any Member nor its successors, representatives or a successor, representative, or assignee of such Memberassigns, shall have any right, title or interest in the Company’s Assets or to any Company property or the right to partition any real property owned by the Company. Interests may; rather, but are not required to, any Company property shall be evidenced by a certificate subject to the terms of Membership Interest or Receipt and Acknowledgment issued by the Company, in such form as the Manager may determinethis Agreement.

Nature of Members’ Interests. The Membership Interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets assets shall be held in the name of the Company. Neither any Member or nor a successor, representative, representative or assignee assign of such Member, shall have any right, title or interest in or to any Property owned by the Company’s Assets Company or the right to partition any real property Property owned by the Company. Membership Interests may, but are not required to, be evidenced by a certificate the execution of Membership Interest or Receipt and Acknowledgment issued this Agreement by the Company, in such form as the Manager may determineMembers.

Nature of Members’ Interests. The Interests interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets Property shall be held in the name of the Company. Neither any Member or nor a successor, representative, representative or assignee assign of such any Member, shall have any right, title or interest in the Company’s Assets or to any Property or the right to partition any real property owned by the Company. Interests may, but are not required to, be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment issued by the Company, in such form as the Manager may determineProperty.

Nature of Members’ Interests. The Interests interests of the Members in the Company shall be personal property for all purposespurpos es. Legal title to all Company Assets assets shall be held in the name of the Company. Neither any Member or nor a successor, representativerepresenta tive, or assignee assign of such Member, shall have any right, title title, or interest in or to any Company property except as expressly provided in this Agreement, the Company’s Assets License Agreements and the Escrow Agreement or the right to partition any real property Property owned by the Company. Interests may, but are not required to, be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment issued by the Company, in such form as the Manager may determine.

Nature of Members’ Interests. The Interests interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets assets shall be held in the name of the Company. Neither any Member or Member, nor a successor, representative, representative or assignee assign of such Member, shall have any right, title title, or interest in the Company’s Assets or to any Company property or the right to partition any real property owned by the Company, unless otherwise agreed to in writing by each Member. Interests may, but are not required to, may be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment membership interest issued by the Company, in such form as the Manager Members may determine.

Nature of Members’ Interests. The Interests interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets Property shall be held in the name of the Company. Neither any , and no Member or a successor, representative, or assignee of such Member, shall have any right, title or interest in the Company’s Assets or the right to partition any real property owned by Property of the Company. Interests may, but are not required to, be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment issued by the Company, in such form Company except as the Manager may determineprovided for herein.

Nature of Members’ Interests. The Interests interest of each of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets assets shall be held in the name of the Company. Neither any Member or a successor, representative, or assignee of such Member, shall have any right, title or interest in the Company’s Assets or the right to partition any real property owned by the Company. Interests may, but are not required to, be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment issued by the Company, in such form as the Manager may determine.

Nature of Members’ Interests. The Interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets shall be held in the name of the Company. Neither any Member or a successor, representative, or assignee of such Member, shall have any right, title or interest in the Company’s Assets Property or the right to partition any real property owned by the Company. Interests may, but are not required to, be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment issued by the Company, in such form as the Manager may determine.

Nature of Members’ Interests. The Interests interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets assets shall be held in the name of the Company. Neither any Member or nor a successor, representative, representative or assignee assign of such Member, shall have any right, title or interest in or to any Property owned by the Company’s Assets Company or the right to partition any real property Property owned by the Company. Interests may, but are not required to, be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment issued by the Company, in such form as the Manager may determine.

Nature of Members’ Interests. The Membership Interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets assets shall be held in the name of the Company. Neither any Member or nor a successor, representative, or assignee of such Member, Member shall have any right, title title, or interest in the Company’s Assets or to any Company property or the right to partition any real property owned by the Company. Membership Interests may, but are not required to, may be evidenced by a certificate Certificate of Membership Interest or Receipt and Acknowledgment issued by the Company, in such form as the Manager Managers may determine.

Nature of Members’ Interests. The Interests interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets assets shall be held in the name of the Company. Neither any No Member or a successor, representative, or assignee assign of such Member, Member shall have any right, title title, or interest in the Company’s Assets or to any Company property or the right to partition any real property owned by the Company. Interests may, but are not required to, be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment issued by the Company, in such form as the Manager may determine.

Nature of Members’ Interests. The Interests interests of the Members in the Company shall be personal property for all purposes. Legal title to all Company Assets assets shall be held in the name of the Company. Neither any Member or nor a successor, representative, representative or assignee assign of such Member, shall have any right, title or interest in the Company’s Assets or to any Company Property or the right to partition any real property Property owned by the Company. Interests may, but are not required to, be evidenced by a certificate of Membership Interest or Receipt and Acknowledgment issued by the Company, in such form as the Manager may determine.

Nature of Members’ Interests. The Interests Interest of the Members Member in the Company shall be personal property for all purposes. Legal title to all Company Assets assets shall be held in the name of the Company. Neither any a Member or nor a successor, representative, or assignee assign of such Member, a Member shall have any right, title title, or interest in the Company’s Assets or to any Company property or the right to partition any real property owned by the Company. Interests may, but are not required to, may be evidenced by a certificate Certificate of Membership Ownership Interest or Receipt and Acknowledgment issued by the Company, in such form as the Manager Member may determine.