Financial Rights definition

Financial Rights means a member's rights:

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Financial Rights means a Member’s share of Profits and Losses, the right to receive Distributions, and the right to information concerning the business and affairs of the Company as provided by the Act.

Financial Rights means a Member's rights as a member of the LLC (a) to share in Net Income and Net Loss to the extent provided in this Agreement, and (b) to share in distributions to the extent provided in this Agreement.

Examples of Financial Rights in a sentence

• If for any reason the membership of a Member is terminated as provided in this Agreement or the Act, the Member whose membership has terminated loses all Membership Voting Interests and shall be considered merely an unadmitted Assignee of the Membership Financial Rights owned before the termination of membership, having only the rights provided for unadmitted Assignees in Section 9.7 hereof.

• Upon the grant of an Option under this Plan, or upon the exercise of any Option granted under this Plan, the Company may require an Optionee to sign an investment covenant to the effect that such Option and such Stock will be acquired by the Optionee for his or her own account for investment and not with a view to, or for sale in connection with, any distribution of the Option or Stock.

• A Person who acquires Units but who is not admitted as a Substitute Member pursuant to Section 9.8 of this Agreement shall be entitled only to the Membership Financial Rights with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interests with respect to such Units.

• A Member may assign the Member's full Membership Interest only by assigning all of the Member's Governance Rights coupled with a simultaneous assignment to the same assignee of all of the Member's Financial Rights.

• In the event of the Transfer of Interests under this Agreement by a Member, all rights of the Member with respect to the Interest, including Governance Rights to vote such Interest and Financial Rights, shall terminate on the Effective Date of such Transfer as provided in Section below, except for the Member’s right to receive payment therefor.

More Definitions of Financial Rights

Financial Rights means the right to participate in allocations and distributions as provided in parts 10 and 12 of this article but does not include rights or obligations under a marketing contract governed by part 7 of this article.

Financial Rights means financial rights associated with Units originally held by the Founding Members that the Founding Members were permitted by the Company to assign to Financial Assignees, with the Founding Members permitted to assign an aggregate amount of up to $7 million in total of such Financial Rights.

Financial Rights means a Member's rights to (a) a Capital Account; (b) a Percentage Interest in Company Profits, Losses and Distributions; (c) payments (if any) under the terms and conditions of Article 13 upon the Member's termination or other withdrawal and (d) the Member's limited right to Transfer such rights according to Article 12.

Financial Rights means the right to participate in

Financial Rights means the right to participate in allocations and distributions as provided in RCW 23.100.0801 through 23.100.0809 and 23.100.1001 through 23.100.1013 but does not include rights or obligations under a marketing contract.

Financial Rights means the right to participate in allocations and distributions as provided in Part 10, Contributions, Allocations, and Distributions, and Part 12, Dissolution, but does not include rights or obligations under a marketing contract governed by Part 7, Marketing Contracts.

Financial Rights means a member’s or holder’s rights to: