Family LLC definition

Family LLC has the meaning set forth in the Recitals.
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Family LLC means an LLC in which at the relevant time, members of the same family hold, in the aggregate, at least fifty percent (50%) of the financial rights in the LLC. The phrase “members of the same family” as used in the preceding sentence means, two (2) or more individuals as to one of whom, referred to below as the "common relative", each of the others bears one of the following relationships:
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Family LLC means an LLC in which at the relevant time, members of the same family hold, in the aggregate, at least fifty percent (50%) of the financial rights in
Sample 1Sample 2

Examples of Family LLC in a sentence

  • Borrower and Lender are parties to a certain Dividend and Dissolution Agreement, dated February 7, 2022, pursuant to which (a) the Xxxxxx Xxxx Family LLC will distribute all of the shares of Continental Resources, Inc.

  • Xxxxxxx Trust dated January 16, 2001, Xxxxxx Family LLC, a Delaware limited liability company, Xxx X.

  • Mr. Schneider disclaims beneficial ownership of the shares held by the GWS Family LLC.

  • XxXxxxx and Xxx Xxx XxXxxxx, as Joint Tenants Xxxxxxxx Xxxxx, M.D. Xxxxxx Family LLC GFP Digirad Dr. Xxxxxx Xxxxxxxx, Jr. Xxxxxx X.

  • Xxxxxx MJH PARTNERS II LLC By: MJH Partners L.P., by MJH Family, LLC By: /s/ Xxxxxx X.

  • This Agreement will terminate on the earlier of the termination of the Merger Agreement in accordance with its terms or the expiration or termination of the obligations of Family LLC and the Family Stockholders under the Equity Commitment Letter.

  • Xxxxxxxx Family, LLC Number of shares of Preferred Stock owned, number of shares of Preferred Stock to be contributed, number of shares of Common Stock owned, number of shares of Common Stock to be contributed, number of Options owned, number of Options to be contributed and marital status are set forth on the schedule attached hereto.

  • All of the rights of the respective Shareholder hereunder shall inure to, and all of the obligations (including the indemnification obligations under ARTICLE 8) of the respective Shareholder hereunder shall bind, the Shareholder Family LLC, and any permitted assignees thereof, to which a Shareholder Transferred his or her Acorn Shares.

  • Tract (Official Record 587, Page 1704), to a 5/8” capped rebar set; Thence N 02°42’37” E 118.86 feet, with said 1.295 acre tract and binding on said 0.329 acre Minnite Family LLC.

  • Tract, to a 5/8” capped rebar set at a common corner in the northerly line of said 0.329 acre Minnite Family LLC.


More Definitions of Family LLC

Family LLC means Three-Twenty-Three Family Holdings, LLC, a Delaware limited liability company.
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Family LLC means an LLC in which two (2) or more members of the same family hold, in the aggregate, at least fifty percent (50%) of the financial rights in the LLC. A “member of the same family” as used in the preceding sentence means, with respect to any member or holder of financial rights of the LLC:
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Related to Family LLC

  • Family home or "family residence" means the location or portion of a location where the applicant and his or her family reside, and may include basements and attics. It does not include other structures that are separate from the home but are considered part of the overall premises, such as adjacent apartments, unattached basements in multi-unit buildings, unattached garages, and other unattached buildings.

  • Family child care home means a private home in which 1 but fewer than 7 minor children are received for care and supervision for compensation for periods of less than 24 hours a day, unattended by a parent or legal guardian, except children related to an adult member of the household by blood, marriage, or adoption. Family child care home includes a home in which care is given to an unrelated minor child for more than 4 weeks during a calendar year. A family child care home does not include an individual providing babysitting services for another individual. As used in this subparagraph, "providing babysitting services" means caring for a child on behalf of the child's parent or guardian if the annual compensation for providing those services does not equal or exceed $600.00 or an amount that would according to the internal revenue code of 1986 obligate the child's parent or guardian to provide a form 1099-MISC to the individual for compensation paid during the calendar year for those services.

  • Foster family home means a private home in which children are placed for foster family care under supervision of the cabinet or a licensed child-placing agency;

  • Family leave means any leave taken by an employee from

  • Family day care home means a unit registered under Title 5, Subtitle 5 of the Family Law Article.

  • Family size means the number that is determined by counting the bor- rower, the borrower’s spouse, and the borrower’s children, including unborn children who will be born during the year the borrower certifies family size, if the children receive more than half their support from the borrower. A bor- rower’s family size includes other indi- viduals if, at the time the borrower certifies family size, the other individ- uals—

  • Family Group means with respect to any individual, such individual’s current or former spouse, their respective parents, descendants of such parents (whether natural or adopted) and the spouses of such descendants, any trust, limited partnership, corporation or limited liability company established solely for the benefit of such individual or such individual’s current or former spouse, their respective parents, descendants of such parents (whether natural or adopted) or the spouses of such descendants.

  • Family Unit means the Employee and his or her Dependents covered under the Plan.

  • Family or “family member” means your spouse, and any child, stepchild, parent, or parent-in-law who receives more than one-half of his or her support from you or from whom you receive more than one-half of your support.

  • Multi-family housing means a building or structure that is designed to house two (2) or more different households in separate housing Units which have full kitchen facilities including oven/range, refrigerator, kitchen sink with hot and cold water supply and food storage facilities and at least one (1) full bathroom facility(s), one (1) full bedroom and one (1) living area (including a combination thereof such as studio arrangements).

  • Adult family home means a home licensed under chapter 70.128

  • Family caregiver means a relative by blood, marriage, or Adoption who lives with or is the primary Caregiver of the terminally ill Member.

  • Family income means all income that is included in a determination of family income under section 143(f) of the internal revenue code, 26 USC 143(f), together with the income of all adults who will reside in the residence, which income might otherwise be excluded from consideration because the individual was not expected to both live in the residence and be primarily or secondarily liable on the mortgage note.

  • Control Investment Affiliate as to any Person, any other Person that (a) directly or indirectly, is in control of, is controlled by, or is under common control with, such Person and (b) is organized by such Person primarily for the purpose of making equity or debt investments in one or more companies. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

  • Multi-family dwelling means a structure that contains more than one separate dwelling unit, which is used, or occupied, or intended to be used or occupied, in whole, or in part as the home or residence of one or more persons.

  • Family or household member means (i) the person's spouse, whether or not he or she resides in the

  • Family Member means spouse, father, mother, child, father-in-law, mother-in-law, daughter-in-law or son-in-law.

  • Family Trust means, with respect to any natural Person, a trust, limited partnership or limited liability company benefiting solely such individual and/or the Family Members of such individual.