Capital Structure Adjustments. No Unit splits, Unit combinations, distributions of Units or other similar events involving any class of Units of the Company may be effected unless (a) such splits, combinations, distributions or similar events are effected simultaneously and proportionately with respect to all other classes of Units of the Company, and (b) the Board has approved the same with the Requisite Board Approval.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Store Capital LLC), Limited Liability Company Agreement (STORE CAPITAL Corp)
Capital Structure Adjustments. No Unit splits, Unit combinations, distributions of Units or other similar events involving any class of Units equity securities of the Company may be effected unless (a) such splits, combinations, distributions or similar events are effected simultaneously and proportionately with respect to all other classes of Units equity securities of the Company, and (b) the Board has approved the same with the Requisite Board Approval.
Appears in 2 contracts
Sources: Operating Agreement (ALST Casino Holdco, LLC), Operating Agreement (ALST Casino Holdco, LLC)
Capital Structure Adjustments. No Unit splits, Unit combinations, distributions of Units or other similar events involving any class of Units of the Company may be effected unless (a) such splits, combinations, distributions or similar events are effected simultaneously and proportionately with respect to all other classes of Units of the Company, and (b) the Board has approved the same with the Requisite Board Approval.
Appears in 1 contract
Sources: Operating Agreement