Series of members definition

Series of members means a group or collection of members of a limited liability company who share interests and have separate rights, powers, or duties with respect to property, obligations, or profits and losses associated with property or obligations and who are specified in the articles of organization or operating agreement of the limited liability company or are specified by one or more members or managers of the limited liability company or other persons as provided in the articles of organization or operating agreement.
Sample 1Sample 2Sample 3
Series of members means a group or collection of members of a limited liability company who
Sample 1Sample 2Sample 3
Series of members means a group or collection of members of a limited liability company who share interests and have separate rights, powers, or duties with respect to property, obligations, or profits and losses associated with property or obligations and who are specified in the articles of organization or operating
Sample 1

Examples of Series of members in a sentence

  • Series of members, managers or limited liability company interests.

  • Series of members, managers, transferable interests or assets - General powers of series - Governing authority - Distributions - Termination of series.

  • The Company reserves the right to establish one or more designated Series of members, managers or interests in the Company each having a limitation on liabilities with regard to the separate rights, powers, or duties with respect to specified property or obligations of the Series or Company or profits and losses associated with specified obligations of the Series or Company in accordance with state law.

  • Series of members, managers, or limited liability company interests.

  • Id. § 3.2. Each Series of members is entitled to a fixed and predetermined percentage of Stillwater Liquidating’s overall recoveries that apparently was based on the relative asset values of the funds.

  • Series of members, managers, limited liability company interests or assets.

Related to Series of members

  • Founding Members means the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.

  • Preferred Member means a Member holding Preferred Units.

  • Regular Member means any Member, excluding the Managing Member and any Special Members.

  • Class B Members means the Members holding Class B Units.

  • Class A Members means those Members who have purchased Class A Interests.

  • Associate Members means the individuals or firms which have agreed to Joint Venture in connection with the Project;

  • Founding Member means any individual who is either:

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Voting Members has the meaning set forth in Section 4.07(b).

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Other Members has the meaning specified in the recitals to this Agreement.

  • Deferred member means a person who elected to receive deferred vested retirement

  • Schedule of Members has the meaning set forth in Section 3.01(b).

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Initial Members means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Member” means any of the Initial Members.

  • Common Interests of any Person means Capital Interests in such Person that do not rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to Capital Interests of any other class in such Person.

  • Percentage Interests shall have the meaning specified in the Trust Agreement.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Remaining Members has the meaning set forth in Section 11.2.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Non-Voting Member means a member of a Committee or Sub- Committee of the Council who is not a member of the Council and is not entitled to vote on any matter coming before that Committee or Sub- Committee;

  • Class C Member means a Member holding the Class C Ordinary Share.