Authorized Interests. There shall be only one class of Interest, all of which is held by the Member and set forth on Schedule A hereto.
Authorized Interests. The Pledged Interests have been duly authorized and validly issued by Provident and are fully paid and non-assessable.
Authorized Interests. The ownership interests of the Members in the Company are represented by “Interests”, including all benefits and rights to which the Members holding such Interests are entitled as provided in this Agreement or under the Act, including, without limitation, the right to receive distributions, allocations of profits and losses and to vote, together with all obligations of such Members holding such Interests to comply with the terms and provisions of this Agreement. The Company is hereby authorized to create and issue three classes of Interests designated as “Preferred Interests,” “Non-Voting Preferred Interests” and “Common Interests” with the relative rights, benefits and obligations thereof as set forth in this Agreement.
Authorized Interests. (a) As of the Effective Date and as of immediately prior to the First Closing Date, all of the issued and outstanding Membership Interests are held, collectively, by the USA Hemp Members and the capitalization table of USA Hemp as attached hereto as Exhibit B (the “Capitalization Table”) is true, correct and complete in all respects.
Authorized Interests. (i) There are hereby established and authorized for issuance 163,000,000 Class A Interests. The Partnership, and the General Partner on behalf of the Partnership, shall have the right to issue all or any part of the Class A Interests in accordance with the terms of this Agreement and any applicable subscription agreement governing the issuance of such Class A Interests.
Authorized Interests. The interest in the Partnership of the Limited Partners in the aggregate shall be divided into and represented by an unlimited number of Class A Units, an unlimited number of Class C Units, issuable in series, an unlimited number of Class D Units, issuable in series, one Class E Unit, one Class F Unit and an unlimited number of Special Interest Rights. There are no interests in the Partnership designated as “Class B Units”.
Authorized Interests. (a) As of the Effective Date, as of the Joinder Date, and as of the Closing Date, all of the issued and outstanding Membership Interests are held, collectively, by the DRT Members who are a party to this Agreement at the applicable time, and the capitalization table of DRT as attached hereto as Exhibit B, as the same may be updated as set forth in Section 2.01(b) (the “Capitalization Table”) is true, correct and complete in all respects as of the applicable date thereof and as of the Closing Date.
Authorized Interests. The authorized Interests of the Company shall consist of such Membership Interests and Economic Interests as may be issued from time to time by the Company as designated by the Manager with such Approvals as may be required by this Agreement.
