Common use of Convertible Preferred Units Clause in Contracts

Convertible Preferred Units. The Manager may from time to time authorize the issuance of Convertible Preferred Units, in consideration for the capital contribution made or deemed to have been made by Maravai Co. of the net proceeds of any Convertible Preferred Stock issuance.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Maravai Lifesciences Holdings, Inc.), Limited Liability Company Agreement (Maravai Lifesciences Holdings, Inc.)

AutoNDA by SimpleDocs

Convertible Preferred Units. The Manager may from time to time authorize the issuance of Convertible Preferred Units, in consideration for the capital contribution made or deemed to have been made by Maravai Co. PowerSchool of the net proceeds of any Convertible Preferred Stock issuance.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Powerschool Holdings, Inc.), Limited Liability Company Agreement (Powerschool Holdings, Inc.)

AutoNDA by SimpleDocs

Convertible Preferred Units. The Manager may from time to time authorize the issuance of Convertible Preferred Units, in consideration for the capital contribution made or deemed to have been made by Maravai Co. Allvue of the net proceeds of any Convertible Preferred Stock issuance.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Allvue Systems Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!