Membership Interests definition

Membership Interests has the meaning set forth in the recitals.

Membership Interests means all of the rights and interests of whatsoever nature of the Members in the Company, including without limitation the right to participate in management to the extent herein expressly provided, to receive distributions of funds, and to receive allocations of income, gain, loss, deduction, and credit.

Membership Interests has the meaning set forth in the recitals to this Agreement.

Examples of Membership Interests in a sentence

• The Percentage Interests shall be updated by the Managers to reflect any transfers of Membership Interests, set forth on a revised Schedule A and filed with the records of the Company.

• Subject to Section 6.2 and unless otherwise set forth in this Agreement, Membership Interests (or any portion thereof) may not be the subject of a Transfer, directly or indirectly, voluntarily or involuntarily, without the prior written consent of all of the Members.

• Article VII: Transfers of Membership Interests 7.1 Restrictions on Transfer The Member may not transfer any part of their interest in the LLC without the consent of any additional members, should there be any in the future.

• The reduction in the outstanding Membership Interests will also increase the relative voting power of remaining Members.

• A Member who Transfers one or more Membership Interests has no power to confer on the Transferee the status of a Member.

More Definitions of Membership Interests

Membership Interests means the membership interests in the Company.

Membership Interests has the meaning set forth in Section 2.1.

Membership Interests shall have the meaning set forth in the Recitals.

Membership Interests is defined in Section 5.24.

Membership Interests has the meaning assigned to such term in the LLC Agreement.

Membership Interests has the meaning provided such term in the Recitals.

Membership Interests means the limited liability company interests of the Company held by the Member, in its capacity as such, including rights to distributions (liquidating or otherwise), allocations, information, all other rights, benefits and privileges enjoyed by the Member (under the Act, the Certificate of Formation, this Agreement or otherwise) in its capacity as the Member and otherwise to participate in the management of the Company; and all obligations, duties and liabilities imposed on the Member (under the Act, the Certificate of Formation, this Agreement, or otherwise) in its capacity as the Member.