Economic Interest Holder definition

Economic Interest Holder means any Person owning an Economic Interest.

Economic Interest Holder means a holder of Shares which only represent an Economic Interest and not any right to vote or otherwise participate in the affairs or management of the Company.

Economic Interest Holder means any Person who holds an Interest, whether as a Member or an unadmitted assignee of a Member.

Examples of Economic Interest Holder in a sentence

• If such Member is permitted to withdraw pursuant to the provisions of the Act, notwithstanding the foregoing, such Member shall be treated as an Economic Interest Holder which has not been admitted as a Member of the Company.

• Except as otherwise provided in this Agreement, no Economic Interest Holder shall have the right to receive any return of any Capital Contribution.

• Immediately upon the occurrence of an Involuntary Withdrawal, the successor of the Withdrawn Member shall thereupon become an Economic Interest Holder, but shall not become a Member.

• A separate Capital Account shall be maintained for each Economic Interest Holder.

• If an Economic Interest Holder is entitled to receive a return of a Capital Contribution, the Company may distribute cash, notes, property, or a combination thereof to the Economic Interest Holder in return of the Capital Contribution.

More Definitions of Economic Interest Holder

Economic Interest Holder means the holder of an Economic Interest, including either a Member, to the extent of the Economic Interest constituting a part of its Membership Interest, or a Person who is not a member but holds merely a bare Economic Interest.

Economic Interest Holder. The owner of an Economic Interest who is not a Member.

Economic Interest Holder means any Person owning an Economic Interest. "Effective Date" refers to the date at which the Conversion shall become effective pursuant to the terms of the Plan of Liquidation.

Economic Interest Holder means the owner of an Economic Interest.

Economic Interest Holder. The owner of an Economic Interest who is not a Member. “Entity.” Any general partnership, limited liability partnership, limited partnership, limited liability company, corporation, joint venture, trust, business trust, cooperative or association or any foreign trust or foreign business organization. “Fiscal Year.” The Company’s fiscal year, which shall be the calendar year, unless otherwise agreed by the Members.

Economic Interest Holder means any Person who holds an Economic Interest, whether as a Member or an unadmitted assignee of a Member’s interest as more specifically set forth in Section 6.3(c).

Economic Interest Holder means the owner of an Economic Interest who is not a Member with respect to such Interest. Economic Interest Holders shall be entitled to receive the distributions and allocations provided herein attributable to the Interest acquired by reason of such transfer, which are distributed or allocated from and after the effective date of the transfer of such Interest. An Economic Interest Holder who does not become a Member shall have no right to attend annual meetings, participate in the business and affairs of the Company by any means, including participation by voting or by access to Company information, to require any information or account of Company transactions, to request a meeting of the Company, or to exercise any of the other rights of a Member. Furthermore, an Economic Interest Holder shall have no interest in or rights to the Company or any of its assets other than to receive the distributions and allocations provided hereunder.