Common use of Partnership/Limited Liability Clause in Contracts

Partnership/Limited Liability. Company Interests shall mean all of Debtor’s Rights, title and interest now or hereafter accruing under the Partnership/Limited Liability Company Agreements with respect to all distributions, allocations, proceeds, fees, preferences, payments, or other benefits, which Debtor now is or may hereafter become entitled to receive with respect to such interests in the Partnerships/Limited Liability Companies and with respect to the repayment of all loans now or hereafter made by Debtor to the Partnerships/Limited Liability Companies. Patents has the meaning set forth in Paragraph 4 hereof.

Partnership/Limited Liability. Company Interests shall mean all of each Debtor’s Rights, title and interest now or hereafter accruing under the Partnership/Limited Liability Company Agreements with respect to all distributions, allocations, proceeds, fees, preferences, payments, or other benefits, which each Debtor now is or may hereafter become entitled to receive with respect to such interests in the Partnerships/Limited Liability Companies and with respect to the repayment of all loans now or hereafter made by each Debtor to the Partnerships/Limited Liability Companies. Patents has the meaning set forth in Paragraph 4 hereof.