Membership Interest

Membership Interest. As to any Member at any given time, the Member's interest in the Company, including the Member's Adjusted Capital, Adjusted Balance, Adjusted Default Capital and Capital Account, Company Required Funds Loans, rights to distributions, Profits and Losses and any other rights and interests of the Member in the Company.

Membership Interest. Or "INTEREST" means the entire ownership interest in Mesquite and the right to receive regular and liquidating distributions to the extent provided in this Mesquite LLC Agreement, the right to participate in the management of the business and affairs of Mesquite as set forth herein, including the right to vote on, consent to, or otherwise participate in any decision or action of or by Mesquite granted pursuant to this Mesquite LLC Agreement and the LLC Act. Such Interest shall be evidenced by... the certificate issued pursuant to Section 9 hereof. View More

Membership Interest. The interest of a Member in the Company, including, without limitation, interests in the profits and losses, rights to distributions (liquidating or otherwise), allocations and information, and rights to consent to or approve actions by the Company, all in accordance with the provisions of this Agreement, the Members Agreement, and the Act.

Membership Interest. All right, title and interest of the Debtor in a Limited Liability Company, however defined and however evidenced.

Membership Interest. Shall have the meaning assigned to such term in the second "Whereas" clause.

Membership Interest. Shall mean a Member's entire right, title and interest in, to and against the Company, the Project and the profits, losses, capital and distributions of the Company, the right to vote on or participate in the management and the right to receive information concerning the business and affairs, of the Company.

Membership Interest. Seller owns the entire outstanding membership interest (the "Membership Interest") of Saguaro LLC, a Texas limited liability company ("Target").

Membership Interest. Has the meaning set forth in the recitals.

Membership Interest. Shall mean NAC Guarantor's fifty percent (50%) membership interest in the Company, including, without limitation, (a) NAC Guarantor's right to capital in the Company, (b) NAC Guarantor's interest in all profits, interest, income, surpluses, losses and assets in the Company and all distributions by the Company (including distributions to which NAC Guarantor shall at any time be entitled in respect of such membership interest), and (c) NAC Guarantor's... right to interest payments and amounts of any nature due or to become due to NAC Guarantor in respect of such membership interest, whether as contractual obligations, damages, insurance proceeds or otherwise. 3 View More

Membership Interest. Shall mean, collectively, each of Assignor's interests as a member (now owned or hereinafter acquired) in Operating Company, together with all proceeds, rents, income, increases, profits and related rights, all sums or distributions (whether made in cash, tangible or intangible property of any kind or character, or otherwise) due or to become due to Assignor including all profits and income, and the accounts thereof, all surplus and capital, and the accounts thereof, all rights (if and to the... extent provided in the Operating Company Agreement) in specific Operating Company property, including, if applicable, the equal right with the other members to possess the same for the Operating Company purposes, the rights, but not the duty, to participate in the management and administration of Operating Company's business and affairs, to require any information and account of the Operating Company's transactions and all other matters relating to the business and financial condition of the Operating Company, to inspect the Operating Company's books and records, including federal, state and local income tax returns, during the continuance of the Operating Company and to receive all allocations of loss, deduction, credit and other tax benefits allocable to Assignor from the Operating Company, and any and all other rights, title and interest of Assignor in the Operating Company and under the Operating Company Agreement, whether now existing or hereafter acquired or created, together with all products, proceeds, substitutions and additions of or to any of the foregoing. (2) Exhibit 10.23 View More