Common Membership Interests definition

Common Membership Interests means Membership Interests having the rights and obligations specified with respect to Common Membership Interests in this Agreement.

Common Membership Interests means, collectively, the Class A Membership Interests and the Class B Membership Interests.

Common Membership Interests means membership interests in GMAC LLC having the rights and obligations specified with respect to Common Membership Interests in the Sixth Amended and Restated Limited Liability Company Operating Agreement of GMAC LLC, dated as of May 22, 2009.

Examples of Common Membership Interests in a sentence

• To the extent that such Interest Amounts are insufficient or unavailable to pay expenses when due, such expenses will be paid from capital contributions called from the holders of Common Membership Interests provided that the aggregate amount called for Fund expenses (including organizational expenses) does not exceed $2 million.

• Organizational Expenses: Organization expenses will be paid from capital contributions called from the holders of Common Membership Interests.

• The BDC owns 80% of the Preferred and Common Membership Interests and the Third-Party Members own the remaining 20% of Preferred and Common Membership Interests.

• The percentage of the total votes entitled to be cast by any Common Holder or group of Common Holders with respect to such Common Holder’s or group of Common Holders’ Common Membership Interests, calculated pursuant to this Section 7.7, is herein referred to as the “Voting Power” of such Common Holder or Common Holders.

• In addition, all cancellation of indebtedness income resulting from the Exchange Offer and related transactions relating to the Company achieving Bank Holding Company Status shall be allocated only among the Common Holders owning Common Membership Interests immediately prior to the Exchange Offer (and such related transactions) in accordance with their relative Company Interests.

More Definitions of Common Membership Interests

Common Membership Interests means the common equity interests in Venture Delaware.

Common Membership Interests means, collectively, the Class A membership interests and the Class B membership interests of HoldCo, respectively.

Common Membership Interests means Membership Interests of the Company other than Preferred Membership Interests.

Common Membership Interests means, collectively, the Class A Units, the Class B Units, and the Class C Units and any securities into which such Class A Units, Class B Units or Class C Units are hereafter converted or exchanged.

Common Membership Interests means the Class A Units of NewCo.

Common Membership Interests has the meaning ascribed to such term in the Plan Term Sheet.

Common Membership Interests has the meaning given in Section 3.1(a) hereof. "Company" means the limited liability company formed under the Act pursuant to this Agreement, under the name Entergy Gulf States Louisiana, L.L.C. "Director" means a manager as defined by Section 1301(A) (12) of the Act. "Majority of the Units" means a majority of the votes that the holders of such Units are entitled to cast. "Members" mean those persons who are holders of record of Units from time to time. "Membership Interest" means an ownership interest in the Company held by a Member and represented by a number of Units of any class or series, including any and all benefits to which the holder of such a Common Membership Interest or Preferred Membership Interest may be entitled as provided in or pursuant to the Act, the Articles of Organization, or this Agreement, together with all obligations of such person to comply with the terms and provisions of this Agreement and applicable law. "Preferred Membership Interests" has the meaning given in Section 3.1(b) hereof. "Series A 8.25% Preferred Membership Interests" has the meaning given in Section 3.8 hereof. "Unit" means a denomination of any class or series of Membership Interests in the Company as described in the Articles of Organization, in this Agreement, or in any additional class or series of Membership Interests that may be issued pursuant to Section 3.1(b) hereof.