Classes of Investor Shares. The Manager may divide the Investor Shares into one or more classes. The number of Shares of each such class of Investor Shares, and the rights and preferences of each such class, shall be as set forth in the resolution or resolutions of the Manager creating such class, referencing this section 3.2 (each, an “Authorizing Resolution”). Without limitation, the Manager may establish, with respect to each class of Investor Shares, its voting powers, conversion rights or obligations, redemption rights or obligations, preferences as to distributions, and other matters. The Authorizing Resolution providing for issuance of any class of Investor Shares may provide that such class shall be superior or rank equally or be junior to the Investor Shares of any other class except to the extent prohibited by the terms of the Authorizing Resolution establishing another class. P a g e | 3
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Nv Reit LLC), Limited Liability Company Agreement (Nv Reit LLC), Limited Liability Company Agreement (DF Growth REIT II, LLC)
Classes of Investor Shares. The Manager Board may divide the Investor Shares into one or more classes. The number of Shares of each such class of Investor Shares, and the rights and preferences of each such class, shall be as set forth in the resolution or resolutions of the Manager Board creating such class, referencing this section 3.2 (each, an “Authorizing Resolution”). Without limitation, the Manager Board may establish, with respect to each class of Investor Shares, its voting powers, conversion rights or obligations, redemption rights or obligations, preferences as to distributions, and other matters. The Authorizing Resolution providing for issuance of any class of Investor Shares may provide that such class shall be superior or rank equally or be junior to the Investor Shares of any other class except to the extent prohibited by the terms of the Authorizing Resolution establishing another class. P a g e | 3.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (preREO LLC)
Classes of Investor Shares. The Manager may divide the Investor Shares into one or more classes. The number of Shares of each such class of Investor Shares, and the rights and preferences of each such class, shall be as set forth in the resolution or resolutions of the Manager creating such class, referencing this section 3.2 (each, an “Authorizing Resolution”). Without limitation, the Manager may establish, with respect to each class of Investor Shares, its voting powers, conversion rights or obligations, redemption rights or obligations, preferences as to distributions, and other matters. The Authorizing Resolution providing for issuance of any class of Investor Shares may provide that such class shall be superior or rank equally or be junior to the Investor Shares of any other class except to the extent prohibited by the terms of the Authorizing Resolution establishing another class. P a g e | 3.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Energea Portfolio 3 Africa LLC), Limited Liability Company Agreement (Value Add Growth REIT IV, LLC), Limited Liability Company Agreement (Energea Portfolio 4 USA LLC)
Classes of Investor Shares. The Manager may divide the Investor Shares into one or more classes. The number of Shares of each such class of Investor Shares, and the rights and preferences of each such class, shall be as set forth in the resolution or resolutions of the Manager creating such class, referencing this section 3.2 (each, an “"Authorizing Resolution”"). Without limitation, the Manager may establish, with respect to each class of Investor Shares, its voting powers, conversion rights or obligations, redemption rights or obligations, preferences as to distributions, and other matters. The Authorizing Resolution providing for issuance of any class of Investor Shares may provide that such class shall be superior or rank equally or be junior to the Investor Shares of any other class except to the extent prohibited by the terms of the Authorizing Resolution establishing another class. P a g e | 3.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Energea Portfolio 3 Africa LLC), Limited Liability Company Agreement (Energea Portfolio 2 LLC), Limited Liability Company Agreement
Classes of Investor Shares. The Manager may divide the Investor Shares into one or more classes. The number of Shares of each such class of Investor Shares, and the rights and preferences of each such class, shall be as set forth in the resolution or resolutions of the Manager creating such class, referencing this section 3.2 (each, an “Authorizing Resolution”). Without limitation, the Manager may establish, with respect to each class of Investor Shares, its voting powers, conversion rights or obligations, redemption rights or obligations, preferences as to distributions, and other matters. The Authorizing Resolution providing for issuance of any class of Investor Shares may provide that such class shall be superior or rank equally or be junior to the Investor Shares of any other class except to the t he extent prohibited by the terms of the Authorizing Resolution establishing another class. P a g e | 3.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Money With Meaning Fund, LLC)
