Common use of Authorization of Common Units Clause in Contracts

Authorization of Common Units. The Company is hereby authorized to issue a class of Units designated as “Common Units”. The total number of Common Units that the Company shall have authority to issue is 70,000,000. The Common Units issued and outstanding will be recorded and tracked on a ledger in the books and records of the Company.

Appears in 3 contracts

Samples: Operating Agreement (Slingshot USA LLC), Operating Agreement (Slingshot USA LLC), Operating Agreement (Slingshot USA LLC)

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Authorization of Common Units. The Company is hereby authorized to issue a class of Units designated as “Common Units”. The total number of Common Units that the Company shall have authority to issue is 70,000,000. The Common Units issued and outstanding will be recorded and tracked on a ledger in the books and records of the Company10,000,000.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Authorization of Common Units. The Company is hereby authorized to issue a class of Units designated as Common Units. The total number of 2,180,000 Common Units that the Company shall have authority to issue is 70,000,000. The Common Units are issued and outstanding will be recorded and tracked on a ledger in the books and records of amounts set forth on the Companycapital table, attached hereto as Exhibit A, opposite each Member’s name.

Appears in 1 contract

Samples: Operating Agreement

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