Limited liability company interest definition
Limited liability company interest means a member's share of the profits and losses of a limited liability company and a member's right to receive distributions of the limited liability company's assets.
Limited liability company interest means a member's share of
Limited liability company interest means a member’s share of the profits and losses of a limited liability company and a member’s right to receive distributions of the limited liability company’s assets;
Examples of Limited liability company interest in a sentence
All property owned by the Company shall be owned by the Company as an entity and, insofar as permitted by applicable law, no Member shall have any ownership interest in any Company property in its individual name or right, and each Member’s Limited Liability Company Interest shall be personal property for all purposes.
Upon the transfer of a Unit in violation of this Agreement, or the occurrence of a Member Dissolution that does not result in the dissolution of the Company, the Limited Liability Company Interest of a Member shall be, at the option of the Manager in its sole and absolute discretion, either (a) converted into an Economic Interest, or (b) deemed void ab initio and shall not be binding on the Company, the Manager or any other Member.
More Definitions of Limited liability company interest
Limited liability company interest means the Member’s ownership interest in the Company’s capital, profits and loss and the voting and other rights and obligations with respect thereto as set forth in this Agreement.
Limited liability company interest shall have the meaning given it in Section 2.6, which Limited Liability Company Interest reflects the interest of the Member in the Company.
Limited liability company interest means a member’s share of
Limited liability company interest means a Member’s share of the profits and losses of the Company and a Member’s right to receive distributions of the Company’s assets.
Limited liability company interest means the entire limited liability company interest at any time directly owned by each Pledgor in any limited liability company; provided that the term “Limited Liability Company Interest” shall not include any limited liability company interest of any Excluded Domestic Entity, any Excluded Investment Entity or any Excluded RJRTH Foreign Subsidiary (with any limited liability company the equity interests of which are required to be included as “Limited Liability Company Interests” hereunder being herein called a “Pledged LLC”).
Limited liability company interest means the entire limited liability company and/or membership interest (other than any Excluded Interest) at any time owned by any Pledgor in any limited liability company (each, a "Pledged Limited Liability Company"); (iii) the term "Interest" shall mean all of the Partnership Interests and Limited Liability Company Interests; and (iv) the term "Excluded Interests" shall mean (A) the partnership, limited liability company and/or membership interests owned by the Borrower and/or ET GENPAR, L.L.C., as the case may be, in the Excluded Subsidiaries and (B) any partnership, limited liability company and/or membership interests owned by any Pledgor in any Subsidiary established after the date hereof which does not own a Borrowing Base Property or a Borrowing Base Pledged Mortgage Loan and/or an equity interest in any other Subsidiary which owns any Borrowing Base Property or Borrowing Base Pledged Mortgage Loan, provided that the conditions set forth in the last sentence of Section 8.12 of the Credit Agreement with respect to such Subsidiary are satisfied. Each Pledgor represents and warrants that on the date hereof (i) the Partnership Interests held by such Pledgor consist of those partnership interests as described in Annex A hereto; (ii) such Partnership Interests constitute that percentage of the entire partnership interest of each Pledged Partnership Entity as is set forth in Annex A hereto; (iii) the Limited Liability Company Interests held by such Pledgor consist of the number and type of limited liability company interests as described in Annex B hereto; (iv) such Limited Liability Company Interests constitute that percentage of the issued and outstanding equity interest of each Pledged Limited Liability Company as is set forth in Annex B hereto; and (v) such Pledgor owns no other Interests (other than, in the case of the Borrower and ET GENPAR, L.L.C., the partnership, limited liability company and/or membership interests owned by the Borrower and/or ET GENPAR, L.L.C., as the case may be, in the Excluded Subsidiaries).
Limited liability company interest means the entire limited liability company membership interest at any time owned by any Assignor in any limited liability company.