Membership Interest

Membership Interest. Shall mean the entire membership interest at any time owned by any Pledgor in any limited liability company (other than, for the avoidance of doubt, an Excluded Entity).

Membership Interest. Shall mean (x) the entire membership interest at any time owned by any Pledgor in any limited liability company (other than (I) an Excluded Entity and (II) a limited liability company that is not organized under the laws of the United States or any State or territory thereof (a "Foreign LLC")) and (y) with respect to a Foreign LLC (other than an Excluded Entity), the entire membership interest at any time owned by any Pledgor in such Foreign LLC, provided that such Pledgor shall not be required... to pledge hereunder (and the term "Membership Interest" shall not include) more than 65% of the total voting power of all classes of the membership interests of any Foreign LLC (that is an Exempted Foreign Entity) entitled to vote (with any limited liability company (other than an Excluded Entity) in which any Pledgor owns a membership interest being herein called a "Pledged LLC"). View More

Membership Interest. All of the Member's right, title and interest in, to and against the Company, including rights to Distributable Cash of the Company, and all other rights of the Member to participate in the business, affairs and management of the Company, including without limitation, the right to vote on or grant consent or approval with respect to matters coming before the Company.

Membership Interest. The right to participate in the income, gains, losses, deductions and credits of the Company, together with all other rights and obligations of the Member in the capital of the Company pursuant to its Governing Documents

Membership Interest. Means an interest in the Company owned by a Member to any and all benefits to which such Member may be entitled as provided in this Agreement or the Florida Act.