Additional Units. The Board is authorized to increase or decrease the number of authorized Units of any series or subseries of Units, prior or subsequent to the issue of that series or subseries, but not below the number of Units of such series or subseries then outstanding. Any Person receiving Units (other than as a result of a split, recapitalization, reclassification or distribution of Units) shall make a Capital Contribution to the Company at the time of such issuance in an amount determined by the Board.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Endeavor Group Holdings, Inc.), Limited Liability Company Agreement (Endeavor Group Holdings, Inc.), Limited Liability Company Agreement (Endeavor Group Holdings, Inc.)
Additional Units. The Board is authorized to increase or decrease the number of authorized Units of any series Class or subseries Series of Units, prior or subsequent to the issue of Units of that series Class or subseriesSeries, but not below the number of Units of such series Class or subseries Series then outstanding. Any Person receiving Units (other than as a result of a split, recapitalization, reclassification or distribution of Units) shall make a Capital Contribution to the Company at the time of such issuance in an amount determined by the Board.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Language Line Services Holdings, Inc.), Limited Liability Company Agreement (Language Line Services Holdings, Inc.)
Additional Units. The Board is authorized to increase or decrease the number of authorized Units of any series or subseries of Units, prior or subsequent to the issue of that series or subseries, but not below the number of Units of such series or subseries then outstanding. Any Person receiving Units (other than as a result of a split, recapitalization, reclassification or distribution of Units) shall make a Capital Contribution to the Company at the time of such issuance in an amount determined by the Board.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Atlantic Broadband Management, LLC)
