Authorized Membership Units. The Company has authorized the issuance of 1,000 common units, of which 1,000 are issued and outstanding. All of the outstanding units of the Company are issued to HoldCo. The Sole Member, from time to time, may authorize the issuance of additional membership units or the creation of additional classes or series of membership units having such powers, designations and preferences and rights as may be determined by the Sole Member, and amendments to this Agreement as contemplated by Section 9.3 may be made as are necessary or appropriate to give effect to the foregoing.
Appears in 3 contracts
Samples: Agreement and Plan of Merger, Merger Agreement (Susser Holdings CORP), Merger Agreement (Susser Holdings CORP)
Authorized Membership Units. The Company has authorized the issuance of 1,000 common membership units, of which 1,000 are issued and outstanding. All of the outstanding units of the Company are issued to HoldCo. The Sole Member, from time to time, may authorize the issuance of additional membership units or the creation of additional classes or series of membership units having such powers, designations and preferences and rights as may be determined by the Sole Member, and amendments to this Agreement as contemplated by Section 9.3 may be made as are necessary or appropriate to give effect to the foregoing.
Appears in 1 contract
Samples: Limited Liability Company Agreement (SSP Beverage LLC)
