Common use of Common Shares and Initial Contributions Clause in Contracts

Common Shares and Initial Contributions. (a) A class of equity interests denominated the “Common Shares” is hereby designated as the sole class of equity interests of the Company. Each issued and outstanding Common Share shall at any time represent that undivided portion of all of the rights, duties, obligations and ownership interests in the Company in proportion to the total number of Common Shares outstanding at such time. (b) The Company will issue to the initial Member 1,000 Common Shares (together, the “Common Interest”) upon payment of $1,000 to the Company from the Initial Member, which shall be deemed to be the initial Capital Contribution of the initial Member. Upon receipt of such initial Capital Contribution and execution of this Agreement by the Member, such Common Shares shall be validly issued and outstanding, fully paid and nonassessable.

Common Shares and Initial Contributions. (a) A class of equity interests denominated the “"Common Shares” " is hereby designated as the sole class of equity interests of the Company. Each issued and outstanding Common Share shall at any time represent that undivided portion of all of the rights, duties, obligations and ownership interests in the Company in proportion to the total number of Common Shares outstanding at such time. (b) The Company will issue to the initial Member 1,000 Common Shares (together, the “"Common Interest”") upon payment of $1,000 to the Company from the Initial Member, which shall be deemed to be the initial Capital Contribution of the initial Member. Upon receipt of such initial Capital Contribution and execution of this Agreement by the Member, such Common Shares shall be validly issued and outstanding, fully paid and nonassessable.

Common Shares and Initial Contributions. (a) A class of equity interests denominated the “"Common Shares” " is hereby designated as the sole class of equity interests of the Company. Each issued and outstanding Common Share shall at any time represent that undivided portion of all of the rights, duties, obligations and ownership interests in the Company in proportion to the total number of Common Shares outstanding at such time. (b) The Company will issue to the initial Initial Member 1,000 Common Shares (together, the “Common Interest”) upon payment of $1,000 to the Company from the Initial Member, which shall be deemed to be the initial "Initial Capital Contribution Contribution" of the initial Initial Member. Upon receipt of such initial the Initial Capital Contribution and execution issuance of this Agreement by the Membersaid 1,000 Common Shares, such Common Shares shall be validly issued and outstanding, fully paid and nonassessable.