Membership Rights definition

Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

Membership Rights means all legal and beneficial ownership interests in, and rights and duties as a Member of, the Company, including, without limitation, the right to share in Profits and Losses, the right to receive distributions of cash and other property from the Company, and the right to receive allocations of items of income, gain, loss, deduction and credit and similar items from the Company.

Membership Rights means all of the rights of a member of the Company, including a member’s: (i) Interests; (ii) right to inspect the Company’s books and records; and (iii) right to vote on matters coming before the members, if any.

Examples of Membership Rights in a sentence

• Notwithstanding any provision contained in this Agreement to the contrary, Holdings shall have the right, without the consent of the Board, to Transfer all or any part of Holdings’ Membership Rights, and such transferees shall automatically be deemed to be admitted as a Member in the Company.

• The Interests and other Membership Rights are securities governed by Article 8 of the Uniform Commercial Code as in effect in the state of Delaware.

• The transferee of a Transfer for collateral purposes shall not be admitted as a Member in the Company until such time, if any, as the transferee has realized upon the Membership Rights pledged to it or has acquired such Membership Rights in lieu of such realization and such transferee expressly agrees in writing to be bound to the terms and conditions of this Agreement.

More Definitions of Membership Rights

Membership Rights means all of the rights of a Member in the Company, including a Member's: (i) Membership Interest; and (ii) the rights granted to Members under this Agreement or under the Act.

Membership Rights means all of the rights of a Member, including, but not limited to, a Member’s: (a) Units; (b) right to inspect the Company’s books and records; and (c) right to participate in the management of and vote on matters coming before the Members entitled to vote thereon as provided in this Agreement.

Membership Rights. The rights of the Member, which are comprised of: (1) its Membership Interest, and (2) its right to vote and to otherwise participate in the management and governance of the Company.

Membership Rights means and refer to the rights of Members. “Married Couple” shall mean a legally recognized martial union.

Membership Rights means all the rights of a Member in the Company.

Membership Rights means, collectively, the Class A Membership Rights and Class B Membership Rights as described in more detail in the Second Amended and Restated Bylaws of QHPC that is included as a Related Agreement.

Membership Rights means all of the rights of a Member in the Company, including a Member’s: (i) Interest; (ii) right to inspect the Company’s books and records; and (iii) right, to the extent provided, to participate in the management of and vote on matters coming before the Company.