Classes of Units. Upon the completion of the classification of Units described in Section 8.1, the Company shall have three classes of Units, designated as Class A Units, Class B Units and Class C Units, with each class of Units having the rights and privileges, and being subject to the limitations, as described in this Agreement, including the following: (a) Class A Units. In addition to any other rights, privileges and limitations described in this Agreement, Class A Members shall have the following rights and privileges, and be subject to the following limitations:
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC)
Classes of Units. Upon the completion of the classification of Units described in Section 8.16.1, the Company shall have three classes of Units, designated as Class A Units, Class B Units and Class C Units, with each class of Units having the rights and privileges, and being subject to the limitations, as described in this Agreement, including the following:
(a) Class A Units. In addition to any other rights, privileges and limitations described in this Agreement, Class A Members shall will have the following rights and privileges, and be subject to the following limitations:
Appears in 1 contract
Samples: Operating Agreement
