Class B Units. Class B Units are reserved for the Manager, its Affiliates, business partners, services providers, and other Persons in the sole discretion of the Manager. The Company shall be authorized to issue 100 Class B Units. Other than Removal of the Manager, Class B Units shall be the only Units entitled to vote on matters subject to Member vote.
Appears in 3 contracts
Samples: Operating Agreement (Central Park Fund 1, LLC), Operating Agreement (Central Park Fund I, LLC), Operating Agreement (Aurora Fund I, LLC)
Class B Units. Class B Units are reserved for the Manager, its Affiliates, business partners, services providers, and other Persons in the sole discretion of the Manager. The Company shall be authorized to issue 100 Class B Units. Other than Removal of the Manager, Class B Units shall be the only Units entitled to vote on matters subject to Member vote, except for removal of the Manager as permitted by Section 6.5.
Appears in 2 contracts
Samples: Operating Agreement (ADPI Fund I, LLC), Operating Agreement (ADPI Fund I, LLC)
Class B Units. Class B Units are reserved for the Manager, its Affiliatesaffiliates, business partners, services providers, and other Persons in the sole discretion of the Manager. The Company shall be is authorized to issue 100 as many Class B UnitsUnits as the Manager determines is necessary, in its sole discretion. Other than Removal of the Manager, Members holding Class B Units shall be comprise thirty percent (30%) of the only Units entitled to vote on matters subject to Member vote.of the Interests in Series Yellow Brick Road and shall have the rights and responsibilities as outlined in this Series Designation and the Agreement. Operational Cash Flow
Appears in 1 contract
Samples: Series Designation