CAPITAL CONTRIBUTIONS AND ISSUANCES OF INTERESTS Sample Clauses

CAPITAL CONTRIBUTIONS AND ISSUANCES OF INTERESTS. 22 Section 4.1 Capital Contributions of the Members 22 Section 4.2 Issuances of Interests 22 Section 4.3 No Preemptive Rights 23 Section 4.4 Other Contribution Provisions 23 Section 4.5 No Interest on Capital 24 Section 4.6 LTIP Units 24 Section 4.7 Conversion of LTIP Units. 27 Section 4.8 Series D Preferred Units 28 Section 4.9 Series C Preferred Units 34 Section 4.10 Series C Units. 39 ARTICLE V DISTRIBUTIONS 40 Section 5.1 Requirement and Characterization of Distributions 40 Section 5.2 Amounts Withheld 41 Section 5.3 Distributions Upon Liquidation 42 Section 5.4 Revisions to Reflect Issuance of Interests 42 ARTICLE VI ALLOCATIONS 42 Section 6.1 Allocations for Capital Account Purposes 42 Section 6.2 Revisions to Allocations to Reflect Issuance of Interests 45 ARTICLE VII MANAGEMENT AND OPERATIONS OF BUSINESS 45 Section 7.1 Management 45 Section 7.2 Certificate of Formation 49 Section 7.3 Title to Company Assets 50 Section 7.4 Reimbursement of the Managing Member 50 Section 7.5 Outside Activities of the Managing Member; Relationship of Shares to Units; Funding Debt 53 Section 7.6 Transactions with Affiliates 55 AmericasActive:17820717.17 Section 7.7 Indemnification 56 Section 7.8 Liability of the Managing Member 57 Section 7.9 Other Matters Concerning the Managing Member 59 Section 7.10 Reliance by Third Parties 59 Section 7.11 Restrictions on Managing Member’s Authority 60 Section 7.12 Loans by Third Parties 60 Section 7.13 Separateness of the SAFStor Assets 60 Section 7.14 SAFStor Valuation 61

CAPITAL CONTRIBUTIONS AND ISSUANCES OF INTERESTS