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 means membership interests of the Company.

Examples of Membership Interests in a sentence

• A meeting of the Members may be called at any time by the Manager or by Members holding more than 25 percent of the Membership Interests.

• A Member who withdraws from the Company will forfeit all Membership Interests and rights as a Member, including his right to receive any distributions from the Company and the right to vote.

• Upon the admission of any new Members to the Company, the Manager shall adjust the Members’ Membership Interests set forth on Exhibit A hereto to equitably reflect the Capital Contributions made by new Members.

• If a decision requires a “majority of the members,” that means the decision voted on requires the affirmative vote of the Members of the Company owning more that 50% of the Membership Interests.

• Subject to Section 4.3, the Manager may, but is not required, to take action with respect to such Proposed Action if such Proposed Action has approved by Members holding a majority of the Membership Interests.

More Definitions of Membership Interests

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

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.