Common Interests definition

Common Interests of any Person means Capital Interests in such Person that do not rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to Capital Interests of any other class in such Person.

Common Interests of any Person means Capital Interests in such Person that do not rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding-up of such Person, to Capital Interests of any other class in such Person.

Common Interests means common limited liability company membership units of the Company or common stock of the Company, if the Company is restructured as a corporation, including the securities issuable upon the conversion of this instrument pursuant to Sections 1(a) or 1(b). For purposes of this Crowd SAFE, “common limited liability company membership units” refers to those interests in the Company that, as of the relevant event, would be last to receive a repayment of all capital contributions made in respect to such interests.

Examples of Common Interests in a sentence

• All Common Interests shall be identical with each other in every respect.

• The Member shall own all of the Common Interests issued and outstanding.

• The Board shall determine profits available for distribution and the amount, if any, to be distributed to the Member, and shall authorize and distribute on the Common Interests, the determined amount when, as and if declared by the Board.

• The Company shall be authorized to issue 5,000,000 Common Interests.

• Certificates attesting to the ownership of Common Interests in the Company shall be in substantially the form set forth in Exhibit A hereto and shall state that the Company is a limited liability trust company formed under the laws of the State of New York, the name of the Member to whom such Certificate is issued and that the Certificate represents limited liability trust company interests within the meaning of the Act and the Banking Law.

More Definitions of Common Interests

Common Interests means the single class of interests in the Company as ---------------- provided in Section 6.1.

Common Interests means the common membership interests of the Issuer.

Common Interests means the common limited partner interests of the Company having the rights and other terms set forth in this Agreement.

Common Interests means the Class A Common and the Company's Class B Common Interests, or if the outstanding Common Interests are hereafter changed into or exchanged for different interests or securities of the Company, such other interests or securities.

Common Interests means the Class A Common and the Company's Class B Common Interests, as adjusted for any unit split, unit dividend, or other combination, exchange. conversion, recapitalization, merger, consolidation or reorganization, or if such Common Interests are exchanged for different interests or securities of the Company, such other interests or securities and any other Common Interests of the Company hereinafter issued. 2 "Disability" means the inability, due to illness, accident, injury, physical or mental incapacity or other disability, of the Executive to carry out effectively his duties and obligations to the Company or to participate effectively and actively in the management of the Company or a Subsidiary of the Company for a period of at least 90 consecutive days or for shorter periods aggregating at least 120 days (whether or not consecutive) during any twelve-month period, as determined in the reasonable judgment of the Board.

Common Interests shall have the meaning set forth in Section 5.1(a)(ii) hereof.

Common Interests means the Class A Common, the Class B Common and the Class C Common.