Common use of Classes and Series of Company Interests Clause in Contracts

Classes and Series of Company Interests. (a) As of the Effective Date, the Company Interests shall consist of six classes of Company Interests, designated as “Class A-1 Units,” “Class A-2 Units,” “Class A-3 Units,” “Class B-1 Units”, “Class B-2 Units” and “Class C-1 Units.” Each class of Company Interests shall have the rights, powers, obligations, restrictions and limitations accorded such class as are set forth in this Agreement. Neither the Units previously issued, nor the Units issued hereunder shall be certificated unless otherwise determined by the Board. As of the Effective Date, a total of 1,652,000 Class A-1 Units, 2,436,000 Class A-2 Units, and 2,450,000 Class A-3 Units are hereby authorized for issuance, a total of 10,000 Class B-1 Units and 10,000 Class B-2 Units are hereby authorized for issuance, and a total of 1,000,000 Class C-1 Units are hereby authorized for issuance. A Member may own one or more classes or series of Units, and the ownership of one class or series of Units shall not affect the rights, privileges, preferences or obligations of a Member with respect to the other class or series of Units owned by such Member. Any reference herein to a holder of a class of Units shall be deemed to refer to such holder only to the extent of such holder’s ownership of such class or series of Units. Notwithstanding anything to the contrary in this Agreement, any Units issued to CORR shall be either Class C-1, Class B-1 Units and Class B-2 Units, and any Class A-1, Class A-2, or Class A-3 Units acquired by CORR or any Affiliate of CORR from any Xxxxx Member or Management Member, shall automatically be converted to a Class B-1 Unit.

Classes and Series of Company Interests. (a) As of the Effective Date, the Company Interests shall consist of six five classes of Company Interests, designated as “Class A-1 Units,” “Class A-2 Units,” “Class A-3 Units,” “Class B-1 Units”, “Class B-2 Units” and “Class C-1 Units.” Each class of Company Interests shall have the rights, powers, obligations, restrictions and limitations accorded such class as are set forth in this Agreement. Neither the Units previously issued, nor the Units issued hereunder shall be certificated unless otherwise determined by the Board. As of the Effective Date, a total of 1,652,000 1,613,202.0 Class A-1 Units, 2,436,000 2,436,000.0 Class A-2 Units, and 2,450,000 2,450,142.5 Class A-3 Units are hereby authorized for issuance, a total of 10,000 Class B-1 Units and 10,000 Class B-2 Units are hereby authorized for issuance, and a total of 1,000,000 Class C-1 Units are hereby authorized for issuance. A Member may own one or more classes or series of Units, and the ownership of one class or series of Units shall not affect the rights, privileges, preferences or obligations of a Member with respect to the other class or series of Units owned by such Member. Any reference herein to a holder of a class of Units shall be deemed to refer to such holder only to the extent of such holder’s ownership of such class or series of Units. Notwithstanding anything to the contrary in this Agreement, any Units issued to CORR subsequent to the date hereof shall be either Class C-1, Class B-1 Units and Class B-2 Units, and any Class A-1, Class A-2, or Class A-3 Units acquired by CORR or any Affiliate of CORR from any Xxxxx Member or Management Member, shall automatically be converted to a Class B-1 Unit.

Classes and Series of Company Interests. (a) As of the Effective Date, the The Company Interests shall consist of six five classes of Company Interests, designated as “Class A-1 Units,” “Class A-2 Units,” “Class A-3 Units,” “Class B-1 Units”, “Class B-2 Units” and “Class C-1 Units.” Each class of Company Interests shall have the rights, powers, obligations, restrictions and limitations accorded such class as are set forth in this Agreement. Neither the Units previously issued, nor the Units issued hereunder shall be certificated unless otherwise determined by the Board. As of the Effective Date, a A total of 1,652,000 1,755,573.0 Class A-1 Units, 2,436,000 2,460,411.0 Class A-2 Units, and 2,450,000 2,450,142.5 Class A-3 Units are hereby authorized for issuance, a total of 10,000 10,000.0 Class B-1 Units and 10,000 Class B-2 Units are hereby authorized for issuance, and a total of 1,000,000 1,000,000.0 Class C-1 Units are hereby authorized for issuance. A Member may own one or more classes or series of Units, and the ownership of one class or series of Units shall not affect the rights, privileges, preferences or obligations of a Member with respect to the other class or series of Units owned by such Member. Any reference herein to a holder of a class of Units shall be deemed to refer to such holder only to the extent of such holder’s ownership of such class or series of Units. Notwithstanding anything to the contrary in this Agreement, any Units issued to CORR subsequent to the date hereof shall be either Class C-1, Class B-1 Units and Class B-2 Units, and any Class A-1, Class A-2, or Class A-3 Units acquired by CORR or any Affiliate of CORR from any Xxxxx Member or Management Member, shall automatically be converted to a Class B-1 Unit.

Classes and Series of Company Interests. (a) As of the Effective Date, the Company Interests shall consist of six five classes of Company Interests, designated as “Class A-1 Units,” “Class A-2 Units,” “Class A-3 Units,” “Class B-1 Units”, “Class B-2 Units” and “Class C-1 Units.” Each class of Company Interests shall have the rights, powers, obligations, restrictions and limitations accorded such class as are set forth in this Agreement. Neither the Units previously issued, nor the Units issued hereunder shall be certificated unless otherwise determined by the Board. As of the Effective Date, a total of 1,652,000 1,613,202.0 Class A-1 Units, 2,436,000 2,436,000.0 Class A-2 Units, and 2,450,000 2,450,142.5 Class A-3 Units are hereby authorized for issuance, a total of 10,000 Class B-1 Units and 10,000 Class B-2 B- 1 Units are hereby authorized for issuance, and a total of 1,000,000 Class C-1 Units are hereby authorized for issuance. A Member may own one or more classes or series of Units, and the ownership of one class or series of Units shall not affect the rights, privileges, preferences or obligations of a Member with respect to the other class or series of Units owned by such Member. Any reference herein to a holder of a class of Units shall be deemed to refer to such holder only to the extent of such holder’s ownership of such class or series of Units. Notwithstanding anything to the contrary in this Agreement, any Units issued to CORR subsequent to the date hereof shall be either Class C-1, Class B-1 Units and Class B-2 Units, and any Class A-1, Class A-2, or Class A-3 Units acquired by CORR or any Affiliate of CORR from any Xxxxx Member or Management Member, shall automatically be converted to a Class B-1 Unit.

Classes and Series of Company Interests. (a) As of the Effective Date, the i)The Company Interests shall consist of six five classes of Company Interests, designated as “Class A-1 Units,” “Class A-2 Units,” “Class A-3 Units,” “Class B-1 Units”, “Class B-2 Units” and “Class C-1 Units.” Each class of Company Interests shall have the rights, powers, obligations, restrictions and limitations accorded such class as are set forth in this Agreement. Neither the Units previously issued, nor the Units issued hereunder shall be certificated unless otherwise determined by the Board. As of the Effective Date, a A total of 1,652,000 1,755,573.0 Class A-1 Units, 2,436,000 2,460,411.0 Class A-2 Units, and 2,450,000 2,450,142.5 Class A-3 Units are hereby authorized for issuance, a total of 10,000 10,000.0 Class B-1 Units and 10,000 Class B-2 Units are hereby authorized for issuance, and a total of 1,000,000 1,000,000.0 Class C-1 Units are hereby authorized for issuance. A Member may own one or more classes or series of Units, and the ownership of one class or series of Units shall not affect the rights, privileges, preferences or obligations of a Member with respect to the other class or series of Units owned by such Member. Any reference herein to a holder of a class of Units shall be deemed to refer to such holder only to the extent of such holder’s ownership of such class or series of Units. Notwithstanding anything to the contrary in this Agreement, any Units issued to CORR subsequent to the date hereof shall be either Class C-1, Class B-1 Units and Class B-2 Units, and any Class A-1, Class A-2, or Class A-3 Units acquired by CORR or any Affiliate of CORR from any Xxxxx Member or Management Member, shall automatically be converted to a Class B-1 Unit.