Common use of Authorized Units Clause in Contracts

Authorized Units. The total Units which the Company has authority to issue shall be determined by the Board from time to time (which determination the Board shall reflect by an amendment or update to the Unit Ownership Ledger) and shall initially consist of Common Units. The Company may issue fractional Units.

Authorized Units. The Subject to Section 3.4, the total Units which that the Company has authority to issue shall be determined by the Board from time to time (which determination the Board shall reflect by cause to be reflected as an amendment or update supplement to the Unit Ownership Ledger) and shall initially consist of Common Class A Units, Class B Units and Class C Units. The Company may issue fractional Units.

Authorized Units. The Subject to Section 3.4, the total Units which the Company has authority to issue shall be determined by the Board from time to time (which determination the Board shall reflect by cause to be reflected as an amendment or update supplement to the Unit Ownership Ledger) and shall initially consist of Common 2,000,000 Class B Units and 150,000 Capital Incentive Units. The Company may issue fractional Units.

Authorized Units. The Subject to Section 3.4, the total Units which the Company has authority to issue shall be determined by the Board from time to time (which determination the Board shall reflect by cause to be reflected as an amendment or update to the Unit Ownership Ledger) and shall initially consist of Common an unlimited number of Class A Units, an unlimited number of Class B Units and 25,000 Class S Units. 10,000,000 of the Company’s Class B Units are reserved for future issuances to management of the Company and its Subsidiaries. The Company may issue and repurchase, as applicable, fractional Units.