Classes. (a) The membership interests of the Company shall consist of common membership interests ("Common Interests"). (b) All Common Interests shall be identical with each other in every respect, except that, should additional member(s) be admitted, Common Interests of each member shall reflect its capital account relative to the other member(s).
Appears in 21 contracts
Samples: Limited Liability Company Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp)
Classes. (a) The membership interests of the Company shall consist of common membership interests ("Common Interests").
(b) All Common Interests shall be identical with each other in every respect, except that, should additional member(s) members be admitted, Common Interests of each member shall reflect its capital account relative to the other member(s)members.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp)
