Authorized Number of Units Sample Clauses

Authorized Number of Units. (a) The aggregate number of Units that the Company is authorized to issue is the total number of Units consisting of the following classes: (i) the Company shall be authorized to issue 10,000 Class A Units of Member Interest ("Class A Units"), and (ii) the Company shall be authorized to issue 10,000 Class B Units of Member Interest ("Class B Units"). (b) The rights of the holders of the Class A Units and the Class B Units shall be as expressly provided in this Agreement.
Sample 1
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Authorized Number of Units. The Company may issue up to a maximum of 1,000,000 Class A Common Units with a par value of $0.001 per Unit. No additional Units of any class may be issued without the prior written consent of all Members prior to such issuance. All Units shall be represented by certificates substantially in 001 - Operating Agreement (QGM) - CM.20210624.docx 2 the form set forth in Exhibit B that shall include a restrictive legend indicating that the Units evidenced by the certificates are subject to the restrictions in this Agreement, the U.S. Securities Act of 1933, as amended, and applicable state securities laws.
Sample 1
Authorized Number of Units. The Company is hereby authorized to initially issue up to 31,600 Units total. The Company is hereby authorized to issue up to 23,700 Common Units and 7,900 Preferred Units. At any time, and from time to time, the Manager may, without the approval of the Members, amend this Agreement to provide for the issuance of Preferred Units in series, to establish from time to time the number of Preferred Units to be included in each series and to determine the designations, powers, preferences, rights, qualifications, limitations and restrictions of each series of Preferred Units, up to the maximum of number of Preferred Units authorized under this Agreement above. After such time as the Company has issued all authorized Preferred Units, the Company may also authorize and issue additional Preferred Units at the sole discretion of the Manager; provided, however, that the price of such Preferred Units is at least one thousand dollars ($1,000) per Preferred Unit. When issuing Units, the Manager shall determine the price per Unit. If any Preferred Units in a series of Preferred Units have not been issued, or have been repurchased by the Company, the Manager may remove the designation from such Preferred Units, such that they will be available for designation in the future. Preferred Units will be deemed issued on the effective date that the Company accepts the respective subscription agreement for such Preferred Units, such effective date to be contingent upon the Company having received such subscription funds from escrow and the subscriber having verified its accreditation per the subscription agreement requirements.
Sample 1
Authorized Number of Units. The Company may issue a maximum of ten thousand (10,000) Class A Units and a maximum of ninety thousand (90,000) Class B Units.
Sample 1

Related to Authorized Number of Units

  • Number of Units The Participant is granted the number of RSUs as specified in the Participant’s account under the 0000 XXX grant, administered by Fidelity Investments or any successor thereto (“Fidelity”). A RSU is a hypothetical share of Verizon’s common stock. The value of a RSU on any given date shall be equal to the closing price of Verizon’s common stock on the New York Stock Exchange (“NYSE”) as of such date. A Dividend Equivalent Unit (“DEU”) or fraction thereof shall be added to each RSU each time that a dividend is paid on Verizon’s common stock. The amount of each DEU shall be equal to the corresponding dividend paid on a share of Verizon’s common stock. The DEU shall be converted into RSUs or fractions thereof based upon the closing price of Verizon’s common stock traded on the NYSE on the dividend payment date of each declared dividend on Verizon’s common stock, and such RSUs or fractions thereof shall be added to the Participant’s RSU balance. To the extent that Fidelity or the Company makes an error, including but not limited to an administrative error with respect to the number or value of the RSUs granted to the Participant under this Agreement, the DEUs credited to the Participant’s account or the amount of the final award payment, the Company or Fidelity specifically reserves the right to correct such error at any time and the Participant agrees that he or she shall be legally bound by any corrective action taken by the Company or Fidelity.

  • Number of Units and Designation A class of Partnership Preferred Units is hereby designated as “Class One Partnership Preferred Units,” and the number of Partnership Preferred Units constituting such class shall be Ninety Thousand (90,000).

  • Authorized Units Subject to the terms of this Agreement, the Company is authorized to issue equity interests in the Company designated as Units. The total number of Units that the Company shall have authority to issue is 1,000, all of which shall be designated as Common Units.

  • Adjustment of Number of Shares Upon each adjustment in the Warrant Price, the number of Shares of Series Preferred purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

  • Daily Number of Warrants For any Expiration Date, the Number of Warrants that have not expired or been exercised as of such day, divided by the remaining number of Expiration Dates (including such day), rounded down to the nearest whole number, subject to adjustment pursuant to the provisos to “Expiration Dates”.

  • Certificate of Adjusted Purchase Price or Number of Shares Whenever an adjustment is made as provided in Section 11 and Section 13 hereof, the Company shall (a) promptly prepare a certificate setting forth such adjustment and a brief statement of the facts accounting for such adjustment, (b) promptly file with the Rights Agent, and with each transfer agent for the Preferred Stock and the Common Stock, a copy of such certificate, and (c) mail a brief summary thereof to each holder of a Rights Certificate (or, if prior to the Distribution Date, to each holder of a certificate representing shares of Common Stock) in accordance with Section 26 hereof. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment therein contained.

  • Designation and Number of Shares The shares of such series shall be designated as "Series A Participating Cumulative Preferred Stock" (the "Series A Preferred Stock"), and the number of shares constituting such series shall be 100,000. Such number of shares of the Series A Preferred Stock may be increased or decreased by resolution of the Board of Directors; provided that no decrease shall reduce the number of shares of Series A Preferred Stock to a number less than the number of shares then outstanding plus the number of shares issuable upon exercise or conversion of outstanding rights, options or other securities issued by the Corporation.

  • Adjustment of Number of Warrant Shares Issuable Upon Exercise of a Warrant and Adjustment of Exercise Price.

  • Vote to Increase Authorized Common Stock Each Stockholder agrees to vote or cause to be voted all Shares owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to increase the number of authorized shares of Common Stock from time to time to ensure that there will be sufficient shares of Common Stock available for conversion of all of the shares of Preferred Stock outstanding at any given time.

  • Certificate of Adjusted Exercise Price or Number of Shares Whenever an adjustment is made as provided in Sections 11 and 13 hereof, the Company shall promptly (a) prepare a certificate setting forth such adjustment and a brief statement of the facts accounting for such adjustment, (b) file with the Rights Agent and with each transfer agent for the Preferred Shares a copy of such certificate and (c) mail a brief summary thereof to each holder of a Rights Certificate in accordance with Section 26 hereof. Notwithstanding the foregoing sentence, the failure of the Company to make such certification or give such notice shall not affect the validity of such adjustment or the force or effect of the requirement for such adjustment. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment contained therein and shall not be deemed to have knowledge of such adjustment unless and until it shall have received such certificate.

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