Majority in Interest of the Members Sample Clauses

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Majority in Interest of the Members. Majority in Interest of the Members," unless otherwise provided in the Agreement, means more than fifty percent (50%) of the interests of the Members in the current profits of the LLC.
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Majority in Interest of the Members. This Agreement represents the sole and entire agreement among the Members relative to the Company and supersedes all prior agreements and understandings with respect to the subject matter hereof, provided that to the extent any provision hereof is ineffective or prohibited under the Act, this Agreement shall be deemed amended only to the degree necessary to make such provision effective or to eliminate the prohibition under the Act.
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Majority in Interest of the Members. “Majority In Interest of the Members” means those Members owning more than fifty percent (50%) of the Participation Percentages of all Members.
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Majority in Interest of the Members. The Manager may resign from, retire from, abandon or otherwise terminate its status as a Manager upon prior notice to the LLC.
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Majority in Interest of the Members. The term “
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Majority in Interest of the Members. Majority in Interest of the Series Members Manager Alumni Ventures Group, LLC, a Massachusetts limited liability company, and any person admitted to AVGF as a substitute or successor manager in accordance with this Agreement.
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Majority in Interest of the Members. A Manager's status as a Manager may be terminated, and a vacancy on the Board of Managers may be filled, as follows:
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Majority in Interest of the Members. A Manager's status as a Manager may be terminated at any time by approval of a
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Related to Majority in Interest of the Members

  • Managing Member Unless otherwise expressly provided in this Agreement, the Managing Member or any of its Affiliates who hold any Interests shall not be entitled to vote in its capacity as holder of such Interests on matters submitted to the Members for approval, and no such Interests shall be deemed Outstanding for purposes of any such vote.

  • Interest Holders The Administrative Agent may treat each Lender, or the Person designated in the last notice filed with the Administrative Agent, as the holder of all of the interests of such Lender in its portion of the Loans and in its Note until written notice of transfer, signed by such Lender (or the Person designated in the last notice filed with the Administrative Agent) and by the Person designated in such written notice of transfer, in form and substance satisfactory to the Administrative Agent, shall have been filed with the Administrative Agent.

  • Powers of the Member Pursuant to Section ▇▇-▇▇-▇▇▇ of the Act, the Member is authorized: (a) to make all decisions regarding the Company’s operations and legal affairs, including but not limited to: i. the sale, development, lease, or other disposition of the Company's assets; ii. the purchase or acquisition of other assets; iii. the management of all or any part of the Company's assets; iv. the borrowing of money and granting of security interests in the Company's assets; v. the pre-payment, refinancing, or extension of any loan affecting the Company's assets; vi. the compromise or release of any of the Company's claims or debts; and vii. the employment of persons, firms, or corporations for the operation and management of the Company's business; and (b) to execute and deliver: i. all contracts, conveyances, assignments, leases, sub-leases, franchise agreements, licensing agreements, management contracts, and maintenance contracts covering or affecting the Company's assets; ii. all checks, drafts, and other orders for the payment of the Company's funds; iii. all promissory notes, loans, security agreements and other similar documents; and iv. all other instruments of any kind relating to the Company's business and affairs.

  • Initial Members The initial members of the LLC, their initial capital contributions, and their percentage interest in the LLC are: Initial Percentage Interest Capital Members in LLC Contribution

  • Claims of the Members The Members and former Members shall look solely to the Company’s assets for the return of their Capital Contributions, and if the assets of the Company remaining after payment of or due provision for all debts, liabilities and obligations of the Company are insufficient to return such Capital Contributions, the Members and former Members shall have no recourse against the Company or any other Member.