Authorization and Issuance of Units. 4.1.1 A total of One Hundred Thousand (100,000) Units are hereby authorized for issuance. The number of Units authorized for issuance pursuant to this Section 4.1 may be increased from time to time as deemed necessary by the Member. 4.1.2 Units issued for such consideration as the Member determines to be appropriate shall be deemed to be fully paid and non-assessable if the entire amount of such consideration has been received by the Company for such Units in the form of cash, property or services rendered.
Appears in 35 contracts
Samples: Operating Agreement (Trestle Transport, Inc.), Operating Agreement (Trestle Transport, Inc.), Operating Agreement (Trestle Transport, Inc.)
Authorization and Issuance of Units. 4.1.1 (a) A total of One Hundred Thousand one hundred thousand (100,000) Units are hereby authorized for issuance. The number of Units authorized for issuance pursuant to this Section 4.1 4(a) may be increased from time to time as deemed necessary by the Member.
4.1.2 (b) Units issued for such consideration as the Member determines to be appropriate shall be deemed to be fully paid and non-assessable if the entire amount of such consideration has been received by the Company for such Units in the form of cash, property or services rendered.
Appears in 17 contracts
Samples: Operating Agreement (Trestle Transport, Inc.), Operating Agreement (Trestle Transport, Inc.), Operating Agreement (Trestle Transport, Inc.)
Authorization and Issuance of Units. 4.1.1 (a) A total of One Hundred Thousand one hundred (100,000100) Units are hereby authorized for issuance. The number of Units authorized for issuance pursuant to this Section 4.1 4(a) may be increased from time to time as deemed necessary by the Member.
4.1.2 (b) Units issued for such consideration as the Member determines to be appropriate shall be deemed to be fully paid and non-assessable if the entire amount of such consideration has been received by the Company for such Units in the form of cash, property or services rendered.
Appears in 14 contracts
Samples: Operating Agreement (Trestle Transport, Inc.), Operating Agreement (Trestle Transport, Inc.), Operating Agreement (Trestle Transport, Inc.)
Authorization and Issuance of Units. 4.1.1 A total of One Hundred Thousand (100,000) Units are hereby authorized for issuance. The number of Units authorized for issuance pursuant to this Section 4.1 may be increased from time to time as deemed necessary by the Member.
4.1.2 . Units issued for such consideration as the Member determines to be appropriate shall be deemed to be fully paid and non-assessable if the entire amount of such consideration has been received by the Company for such Units in the form of cash, property or services rendered.
Appears in 6 contracts
Samples: Operating Agreement (Trestle Transport, Inc.), Operating Agreement (Trestle Transport, Inc.), Operating Agreement (Trestle Transport, Inc.)
Authorization and Issuance of Units. 4.1.1 A total of One Hundred Thousand (100,000) Units are hereby here by authorized for issuance. The number of Units authorized for issuance pursuant to this Section 4.1 may be increased from time to time as deemed necessary by the Member.
4.1.2 Units issued for such consideration as the Member determines to be appropriate shall be deemed to be fully paid and non-assessable if the entire amount of such consideration has been received by the Company for such Units in the form of cash, property or services rendered.
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Authorization and Issuance of Units. 4.1.1 (a) A total of One Hundred Thousand one hundred thousand (100,000) Units are hereby authorized for issuance. The number of Units authorized for issuance Issuance pursuant to this Section 4.1 4(a) may be increased from time to time as deemed necessary by the Member.
4.1.2 (b) Units issued for such consideration as the Member determines to be appropriate shall be deemed to be fully paid and non-assessable if the entire amount of such consideration has been received by the Company for such Units in the form of cash, property or services rendered.
Appears in 1 contract
Authorization and Issuance of Units. 4.1.1 (a) A total of One Hundred Thousand one hundred thousand (100,000) Units are hereby authorized for issuanceIssuance. The number of Units authorized for issuance pursuant to this Section 4.1 4(a) may be increased from time to time as deemed necessary by the Member.
4.1.2 (b) Units issued for such consideration as the Member determines to be appropriate shall be deemed to be fully paid and non-assessable if the entire amount of such consideration has been received by the Company for such Units in the form of cash, property or services rendered.
Appears in 1 contract
Authorization and Issuance of Units. 4.1.1 (a) A total of One Hundred Thousand one hundred thousand (100,000) Units are hereby authorized for issuance. The number of Units authorized for issuance pursuant to this Section 4.1 4(a) may be increased from time to time as deemed necessary by the Member.
4.1.2 (b) Units issued for far such consideration as the Member determines to be appropriate shall be deemed to be fully paid and non-assessable if the entire amount of such consideration has been received by the Company for such Units in the form of cash, property or services rendered.
Appears in 1 contract