Certification of Units. The Units owned by the Members will be recorded on the attached Schedule of Members and, initially, will not be represented by physical certificates. The Board may in its discretion issue certificates to the Holders representing the Units held by each Holder.
Appears in 8 contracts
Samples: Operating Agreement, Operating Agreement (Officemax Inc), Operating Agreement (Officemax Inc)
Certification of Units. The Units owned by the Members will be recorded on the attached Schedule of Members and, initially, will not be represented by physical certificates. The Board At the direction of the Managers, the Company may in its discretion issue certificates to the Holders certificates representing the Units held by each Holder.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (US Power Generating CO)
