LLC Interest definition

LLC Interest means a membership interest or similar interest in a limited liability company.

LLC Interest means the entire legal and equitable ownership interest of a Member in the Company at any particular time.

LLC Interest. As to any Member, all of the interest of that Member in the Company including, without limitation, such Member’s (i) right to a distributive share of the Profits and Losses and cash flow of the Company, (ii) right to a distributive share of the assets of the Company and (iii) right to participate in the management of the business and affairs of the Company, as provided in this Agreement.

Examples of LLC Interest in a sentence

• Other than as set forth in this Agreement, each LLC Interest shall be identical in all respects to each other outstanding LLC Interest.

• Any attempted or purported Disposition of the LLC Interest of the Private Owner (or any portion thereof) not strictly in accordance with the terms of this Agreement shall be void ab initio and of no force or effect whatsoever.

• Such illegality or registration requirement must be established by (x) an opinion of counsel (which counsel shall be reasonably satisfactory to the Manager and the Initial Member) substantially to the effect that the ownership of the LLC Interest more likely than not will result in such illegality or requirement for registration or divestiture or (y) upon a ruling or order from a Governmental Authority.

• The Private Owner may not under any circumstances Dispose of less than all of its LLC Interest.

• Subject to the terms and conditions of this Agreement, the Initial Member hereby sells to the Private Owner, and the Private Owner hereby pur chases from the Initial Member, all of the Initial Member’s right, title and interest in and to the Transferred LLC Interest for a purchase price of $71,925,427 (the “Transferred LLC Interest Sale Price”).

More Definitions of LLC Interest

LLC Interest means, when used in reference to an interest in the Company, the entire limited liability company interest of a Member in the Company at any particular time, including its interest in the Distributions of the Company and any voting and inspection rights; provided that any class, group or series of LLC Interests issued shall have the relative rights, powers and duties set forth in this Agreement.

LLC Interest means a limited liability company interest in the Company in accordance with the LLC Agreement.

LLC Interest or “Interest” means an ownership interest in the LLC.

LLC Interest any Limited Liability Company membership interest or economic interest.

LLC Interest means the entire ownership interest of the Pledgor in each Pledged Interest Issuer that is an LLC listed on Attachment 1 hereto, including such Pledgor’s capital account, its gain, loss, deduction and credit of such Pledged Interest Issuer, the Pledgor’s interest in all distributions made or to be made by such Pledged Interest Issuer to the Pledgor and all of the other rights, titles and interests of the Pledgor as an owner or a member of such Pledged Interest Issuer, whether set forth in the operating or membership agreement of such Pledged Interest Issuer, by separate agreement or otherwise.

LLC Interest means a Member’s share of Net Profits and Net Losses of the Company, the right to receive distributions from the Company, the right to inspect the Company’s books and records and the right to participate in the management of and vote on matters coming before the Company, as evidenced by an Interest Certificate.

LLC Interest means, with respect to any particular Member, (i) the entire limited liability company interest in the Company of such Member, including such Member’s rights to share in the income, gain, loss, deductions and credits of, and the right to receive distributions from, the Company, (ii) all other rights, benefits and privileges enjoyed by such Member (under the Act, this Agreement or otherwise) in its capacity as a Member, including rights to vote, consent and approve, and (iii) all other rights, benefits, privileges and claims (whether known or unknown) of such Member under, or arising under, this Agreement. For purposes of clarification, references in this Agreement to the term “limited liability company interest” shall mean a “limited liability company interest” as such term is defined in the Act.