LLC Unit definition

LLC Unit means a common limited liability interest in the Company.

LLC Unit has the meaning given to such term in the Exchange Agreement.

LLC Unit means (i) each Class A Unit (as such term is defined in the Medley LLC Agreement) issued as of the date hereof and (ii) each Class A Unit or other interest in Medley LLC that may be issued by Medley LLC in the future that is designated by the Corporation as a “LLC Unit”.

Examples of LLC Unit in a sentence

• The terms of the offering called for a subscription price of $1,000 per LLC Unit, payable on acceptance of the offer.

• Except as may be required in the immediately preceding sentence, no adjustments in respect of distributions shall be made upon the exchange of any LLC Unit.

• If any outstanding share of Class B Common Stock ceases to be held by a holder of an LLC Unit, such share shall automatically and without further action on the part of the Corporation or any holder of Class B Common Stock be transferred to the Corporation for no consideration and retired.

• Any Person acquiring or claiming an interest in an Incentive LLC Unit, in any manner whatsoever, shall be subject to and bound by all terms, conditions and restrictions of this Agreement without regard to whether such Person has executed a counterpart hereof or any other document contemplated hereby.

• For example, if a Member has an LLC Unit Percentage of 45%, he or she shall be allocated 45% of all profits or losses (and other allocation items) for any given tax year.

More Definitions of LLC Unit

LLC Unit or “LLC Units” means a membership interest or membership interests in Morgans Group LLC, a Delaware limited liability company and the entity through which the Company conducts a significant portion of its business.

LLC Unit means a nonvoting interest unit of Goosehead Financial, LLC.

LLC Unit means an equal, fractional part of all the Interests, and having the rights and obligations specified with respect thereto in this Agreement, and any successor security.

LLC Unit means (i) each LLC Unit (as such term is defined in the HDD Operating Agreement) issued as of the date hereof and (ii) each LLC Unit or other interest in HDD that may be issued by HDD in the future that is designated by the Corporation as an “LLC Unit.”

LLC Unit means a nonvoting interest unit of Baldwin Risk Partners, LLC.

LLC Unit means a nonvoting interest unit of Weber HoldCo LLC.

LLC Unit means a limited liability company interest in Adeptus Health LLC that is issued under the Operating Agreement.