Management Interest definition

Management Interest of a Member shall mean his or its right to participate in the management of the business and affairs of the Company, including the right to vote on, consent to, or otherwise participate in, any decision or action of or by the Members hereunder or under the Act.

Management Interest means those interest in the Company subordinated to the Preferred Membership Interests as to distributions. The Manager is the sole owner of the Management Interest. The Management Interest receives distributions of cash and/or property only after the Preferred Membership Interests have received all of their cumulative Preferred Returns. In this respect the Common Membership Interests are subordinate to the Preferred Membership Interests.

Management Interest means all non-economic interests represented by a Percentage Interest, including the right to participate in the management of the business and affairs of the Company, and the right to vote on, consent to, or otherwise participate in any decision or action of the Members under the Act or this Agreement.

Examples of Management Interest in a sentence

• Recommendation as submitted by Supervisor Solis: Approve and authorize the Executive Director of the Los Angeles County Development Authority to execute an advance contract with North East Trees, up to $150,000 in Construction Management Interest funds, for the Nueva Maravilla Community Greening Project, located at 4919 Cesar E.

• Asset and Liability Management Interest Rate Sensitivity Analysis.

• Capitalized terms in the immediately-preceding sentence shall have the same meaning as specified in the Management Interest Subscription Agreement between Executive and the Company.

• Risks Risk Assessment Risk Level Risk Management Interest rate exposures Security of investments Impact of legislation Risk of fraud/error, covering authorisation, approval and processing of transaction; Dealing arrangements Cash flow implications Both the Treasury Management and the Investment strategies have been produced on the basis of estimates and assumptions regarding interest rates and financial market conditions.

• This Percentage Interest is comprised of an Economic Interest and a Management Interest.

More Definitions of Management Interest

Management Interest means the limited liability company interest represented by the Management Units owned by a Management Member in the Company at any particular time, including the right of such Management Member to any and all benefits to which a Management Member may be entitled as provided in the Act, this Agreement, or otherwise, together with the obligations of such Management Member to comply with all terms and provisions of this Agreement and the Act.

Management Interest shall have the meaning set forth in Section 1.07.

Management Interest means those Units, which are subordinated to the Preferred Interests, that are distributed the Managing Member and other individuals or entities as the Managing Member sees fit.

Management Interest means, with respect to any Management Member, as of any date, a fraction with a numerator equal to the Management Points allocated to such Management Member and a denominator equal to the total number of Management Points allocated to all Management Members on or before such date (as set forth in Exhibit C hereto).

Management Interest has the meaning given to such term in Clause 3.2.1(a)

Management Interest means a membership interest in the Company that is a “capital interest” (as defined in IRS Revenue Procedure 93-27, 1993-2 CB 343). The percentage interest in Net Profit or Net Loss of the Company for all outstanding Management Interests, in the aggregate, is equal to one hundred percent (100%), less the sum of all interests in Net Profit or Net Loss of all outstanding Employee Interests. Management Interests shall be the only Interests entitled to vote on matters submitted to a vote of the Members.

Management Interest has the meaning set forth in the recitals hereto.