Examples of Membership Economic Interest in a sentence
Mr. Sutton said that to his knowledge CEI South has never approached Sunrise to discuss whether Sunrise could beneficially use CCR from the AB Brown station.
Subject to Section 5.7, additional Membership Economic Interests quantified by additional Units may be issued in consideration of Capital Contributions as agreed to between the Directors and the Person acquiring the Membership Economic Interest quantified by the additional Units.
Notwithstanding any provision of this Section 8.1 to the contrary, this Agreement shall not be amended without the consent of each Member adversely affected if such amendment would modify the limited liability of a Member, or alter the Membership Economic Interest of a Member.
Additional Membership Economic Interests quantified by additional Units may be issued in consideration of Capital Contributions as agreed to between the Directors and the Person acquiring the Membership Economic Interest quantified by the additional Units.
The right to receive distributions provided for in the transferable interest is entirely consistent with, and not distinct from, the Membership Economic Interest provided for in the Operating Agreement.
The Membership Economic Interest of a Member is quantified by the Unit of measurement referred to herein as “Units.” .
Notwithstanding any provision of this Section 8.1 to the contrary, this Agreement shall not be amended without the consent of Members holding at least two-thirds (2/3) of the Units adversely affected if such amendment would modify the limited liability of a Member, or alter the Membership Economic Interest of a Member.
If for any reason the membership of a Member is terminated, the Member whose membership has terminated loses all Membership Voting Interests and shall be considered merely as an assignee of the Membership Economic Interest owned before the termination of membership, having only the rights of an unadmitted Assignee provided for in Section 10.6 hereof.
When JICA became an independent administrative institution in October 2003, a review of whole programs resulted in the abolishment of development invest- ment and financing, emigration services, settlement programs, and emigration loan programs.Along with the diversification of programs, 27.2 billion yen of the operating budget at the time of establishment reached161.2 billion yen in fiscal 2004.
Finally, the Court will consider whether this construction is consistent with principles of law governing Iowa limited liability companies.For the reasons discussed below, the Court holds that IRE’s Operating Agreement effectively restricts the transfer of both Membership Economic Interest and Membership Voting Interest, subject to the approval of the transfer by IRE’s Board of Directors.