Authorization and Issuance of Additional Units. The Company shall only be permitted to issue additional Units or other Equity Securities in the Company to the Members and on the terms and conditions provided for in Section 3.02, Section 3.03, Section 3.04, Section 3.05 and this Section 3.06. Subject to the foregoing, the Managing Member may cause the Company to issue additional Common Units authorized under this Agreement at such times and upon such terms as the Managing Member shall determine and the Managing Member shall amend this Agreement as necessary in connection with the issuance of additional Common Units and admission of additional Members under this Section 3.06 without the requirement of any consent or acknowledgement of any other Member.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (BAKER HUGHES a GE Co LLC), Limited Liability Company Agreement (Baker Hughes a GE Co), Transaction Agreement and Plan of Merger (General Electric Co)
Authorization and Issuance of Additional Units. The Company shall only be permitted to issue additional Units or other Equity Securities in the Company to the Members and on the terms and conditions provided for in Section Section 3.02, Section Section 3.03, Section Section 3.04, Section Section 3.05 and this Section Section 3.06. Subject to the foregoing, the Managing Member may cause the Company to issue additional Common Units authorized under this Agreement at such times and upon such terms as the Managing Member shall determine and the Managing Member shall amend this Agreement as necessary in connection with the issuance of additional Common Units and admission of additional Members under this Section Section 3.06 without the requirement of any consent or acknowledgement of any other Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Baker Hughes Holdings LLC), Transaction Agreement and Plan of Merger (Baker Hughes Inc)
