Limited Liability Share definition

Limited Liability Share means a Share of Membership Interest whereby the holder is not personally obligated for any and all of the debts, obligations, and Liabilities of the Fund except to the extent of such holder’s investment in the Fund.
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Examples of Limited Liability Share in a sentence

  • Each Share may, at the discretion of each Investor, be either a Limited Liability Share or an Investor GP Share.

  • The specific content of these guidelines involves future resolution of policy questions (e.g., first-come, first-served vs.

  • Each Investor GP Shareholder shall be subject to personal unlimited liability for the debts, obligations and Liabilities of the Fund (to the extent that such debts, obligations and Liabilities are not satisfied out of Fund Assets) that accrue before such Investor GP Share is converted into a Limited Liability Share.

  • The Detailed Project Reports (DPR) for individual schemes to each town was to be submitted separately based on which expenditure sanction was to be accorded by NRCD.

  • Except with respect to the Early Investment Incentive and Advance Distribution, each Share, whether a Limited Liability Share or an Investor GP Share, shall have identical rights to allocations and distributions (including allocations and distributions upon liquidation, dissolution or other winding up of the Fund).

  • Each Share (or fraction thereof) may, at the discretion of each Investor, be either a Limited Liability Share or an Investor GP Share.

  • Tax Effects Associated with an Investor GP Share and a Limited Liability Share The Fund’s oil and natural gas exploration activities will generate deductions including, without limitation, those associated with intangible drilling and development costs (“IDC”).

  • Liability Associated with an Investor GP Share and Limited Liability Share Generally, a holder of a Limited Liability Share will not be personally liable for the Fund’s debts or obligations beyond loss of such holder’s investment in the Fund.

  • The final three bidders identified a number of partnership vehicles and these included a Limited Liability Partnership, Limited Partnership, Local Asset Based Vehicle or a Limited Liability Share Company (Joint Venture Share Company).

  • Both an Investor GP Share and Limited Liability Share cost $200,000 per Share and, except as set forth herein, each provides the Investor with the same rights and obligations as provided in the LLC Agreement including, without limitation, availability of the Early Investment Incentive or Advance Distribution.

Related to Limited Liability Share

  • Limited liability means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

  • Limited Liability Company Interests means the entire limited liability company membership interest at any time owned by any Pledgor in any limited liability company.

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Foreign limited liability company means an unincorporated entity formed under the law of a jurisdiction other than this state and denominated by that law as a limited liability company.

  • Limited Liability Company Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all limited liability company capital and interest in other limited liability companies), at any time owned or represented by any Limited Liability Company Interest.

  • Foreign limited liability partnership means a partnership that:

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Single member limited liability company means a limited liability company that has one direct member.

  • Limited liability company means a limited liability company formed under Chapter 1705 of the Ohio Revised Code or under the laws of another state.

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Limited Liability Company Agreement means the Amended and Restated Limited Liability Company Agreement of the Depositor, dated as of March 1, 2001, executed by Ford Credit, as sole member; or the Limited Liability Company Agreement of Ford Credit, dated as of April 30, 2007 and effective on May 1, 2007, as the context requires.

  • Professional limited liability company means a limited

  • Member in Good Standing means a member in service who is not subject to removal by the employing city of the member pursuant to section 400.18 or 400.19, or other comparable process, and who is not the subject of an investigation that could lead to such removal. Except as specifically provided pursuant to section 411.9, a person who is restored to active service for purposes of applying for a pension under this chapter is not a member in good standing.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Limited license means a license that:

  • apartment unit means any residential dwelling unit within a building containing three or more dwelling units where access to each residential unit is obtained through a common entrance or entrances from the street level and the residential units are connected by an interior corridor;

  • Company Interest means the interest of a Member in Profits, Losses and Distributions.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

  • limited company means a company limited by shares or by guarantee or a company limited both by shares and by guarantee;