Series Members Clause Samples

The 'Series Members' clause defines who qualifies as a member within a specific series of a company, such as a series LLC. It typically outlines the rights, responsibilities, and interests of individuals or entities associated with a particular series, distinguishing them from members of other series or the parent entity. For example, it may specify voting rights, profit allocations, or management roles unique to each series. This clause is essential for clarifying membership structure and ensuring that the governance and financial arrangements for each series are clearly delineated, thereby preventing disputes and confusion among stakeholders.
Series Members. The names and addresses of the Series Members associated with a Series will be set forth on Schedule A attached to the Separate Series Operating Agreement. A Person will be deemed admitted as a Series Member only in the manner provided in the Separate Series Operating Agreement.
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Related to Series Members

  • Initial Members The initial members of the LLC, their initial capital contributions, and their percentage interest in the LLC are: Initial Percentage Interest Capital Members in LLC Contribution

  • New Members No person may be admitted as a member of the Company without the approval of the Member.

  • Committee Members See Section 3.5(a). -----------------

  • Interest Holders The Administrative Agent may treat each Lender, or the Person designated in the last notice filed with the Administrative Agent, as the holder of all of the interests of such Lender in its portion of the Loans and in its Note until written notice of transfer, signed by such Lender (or the Person designated in the last notice filed with the Administrative Agent) and by the Person designated in such written notice of transfer, in form and substance satisfactory to the Administrative Agent, shall have been filed with the Administrative Agent.

  • Managing Member Unless otherwise expressly provided in this Agreement, the Managing Member or any of its Affiliates who hold any Interests shall not be entitled to vote in its capacity as holder of such Interests on matters submitted to the Members for approval, and no such Interests shall be deemed Outstanding for purposes of any such vote.