LLC Rights definition

LLC Rights means, collectively, all LLC Units, all LLC Rights to Payments, all LLC Agreements and all other interests and rights of Pledgor in any limited liability company Issuer now owned or hereafter acquired by Pledgor, including without limitation any right to cause the dissolution of any such Issuer or to appoint or nominate a successor to Pledgor as a member of any such Issuer and all Proceeds of the foregoing.
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LLC Rights shall have the meanings given such terms in Section 2.1(b).
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LLC Rights means all warrants, options and other rights to acquire, and rights in and to, membership interests in each Issuing Entity now or at any time or times hereafter owned by such Pledgor.
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Examples of LLC Rights in a sentence

  • All other instruments, certificates and writings hereafter evidencing or constituting Pledged Shares and the LLC Rights and all amendments or supplements to the articles of incorporation, articles of organization, regulations or bylaws (whether or not authorized hereunder) shall be delivered to Secured Party promptly upon the receipt thereof by or on behalf of Debtor.

  • No restrictions or conditions exist with respect to the transfer, voting or capital of any LLC Rights.

  • Debtor will not enter into any agreement (other than the Obligation Documents) creating, or otherwise permit to exist, any restriction or condition upon the transfer or exercise of any LLC Rights.

  • All documentary, stamp or other taxes or fees owing in connection with the issuance, transfer or pledge of the LLC Rights (or rights in respect thereof) have been paid.

  • Debtor will not enter into any agreement creating, or otherwise permit to exist, any restriction or condition upon the transfer, voting or control of any Pledged Shares or LLC Rights except under the Debt Securities.

  • Debtor recognizes that Secured Party may deem it impracticable to effect a public sale of all or any part of the Pledged Shares or the LLC Rights and that Secured Party may, therefore, determine to make one or more private sales of any such securities or LLC Rights to a restricted group of purchasers who will be obligated to agree, among other things, to acquire such securities or LLC Rights for their own account, for investment and not with a view to the distribution or resale thereof.

  • No restrictions or conditions exist with respect to the transfer, voting or capital of any Pledged Shares or LLC Rights under the documentation governing such Pledged Shares or LLC Rights.

  • The granting of the foregoing security interest does not make Secured Party a successor to Debtor as a member of any LLC, and neither Secured Party nor any of its successors or assigns hereunder shall be deemed to have become a member of any LLC by accepting this Agreement or exercising any right granted herein unless and until such time, if any, when Secured Party or any such successor or assign expressly becomes a member of any LLC after a foreclosure upon Other LLC Rights.

  • Debtor has delivered to Secured Party all certificates evidencing Pledged Shares or LLC Rights.

  • Neither the making of this Agreement nor the exercise of any rights or remedies of Secured Party hereunder will cause a default under any of the LLC Agreements or otherwise adversely affect or diminish any of the LLC Rights.

Related to LLC Rights

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • Special declarant rights means rights reserved for the benefit of a declarant to:

  • LLC Interests shall have the meaning given to such term in Section 6.1.

  • Membership Interests has the meaning set forth in the recitals.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • 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 rights means the rights to use, modify, reproduce, release, perform, display, or disclose technical data, in whole or in part, within the Government. The Government may not, without the written permission of the party asserting limited rights, release or disclose the technical data outside the Government, use the technical data for manufacture, or authorize the technical data to be used by another party, except that the Government may reproduce, release, or disclose such data or authorize the use or reproduction of the data by persons outside the Government if—

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • 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.

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

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • Company Intellectual Property Rights means the Intellectual Property owned or used by the Company or any Company Subsidiary.

  • Equity Rights means, with respect to any Person, any subscriptions, options, warrants, commitments, preemptive rights or agreements of any kind (including any shareholders’ or voting trust agreements) for the issuance, sale, registration or voting of, or securities convertible into, any additional shares of capital stock of any class, or partnership or other ownership interests of any type in, such Person.

  • Step-In Rights means the right of one party to assume an intervening position to satisfy all terms of an agreement in the event the other party fails to perform its obligations under the agreement.

  • Surface Rights is defined in Section 2.2(h).

  • Dissent Rights means the rights of dissent in respect of the Arrangement described in the Plan of Arrangement;

  • Masterworks Shares has the meaning set forth in Section 2.8(c).

  • Original Rights shall have the meaning set forth in the definition of "Beneficial Owner" above.

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Company Intellectual Property Agreements means any Contract governing any Company Intellectual Property to which the Company or any Subsidiary is a party or bound by, except for Contracts for Third-Party Intellectual Property that is generally, commercially available software and (A) is not material to the Company or any Subsidiary, (B) has not been modified or customized for the Company or any Subsidiary and (C) is licensed for an annual fee under $5,000.

  • Company Intellectual Property means all Intellectual Property that is owned or held for use by the Company.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Pledged Partnership Agreements means all of each Grantor’s rights, powers, and remedies under the partnership agreements of each of the Pledged Companies that are partnerships.

  • Company Interests has the meaning set forth in the Recitals.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.