Common use of Creation of Additional Membership Interests Clause in Contracts

Creation of Additional Membership Interests. Additional Membership Interests may be created and issued to existing Members or to other Persons, and such other Persons may be admitted to the Company as Members, at the direction of the Managers and a Majority Interest, on such terms and conditions, and with such Sharing Ratios and commitments, as the Managers and a Majority Interest may determine at the time of admission. The Managers may reflect the admission of any new Members or the creation of any new class or group of Members in an amendment to this Agreement that need be executed only by the Managers.

Creation of Additional Membership Interests. Additional Membership Interests may be created and issued to existing Members or to other Persons, and such other Persons may be admitted to the Company as Members, at with the direction approval of the Managers and a Majority Interestall Members, on such terms and conditions, and with such Sharing Ratios and commitments, conditions as all the Managers and a Majority Interest Members may determine at the time of admission. The Managers may reflect the admission of any new Members or the creation of any new class or group of Members in an amendment to this Agreement that need be executed only by the Managers.

Creation of Additional Membership Interests. Additional Membership Interests may be created and issued to existing Members or to other Persons, and such other Persons may be admitted to the Company as Members, at and any new class or group of Members may be created, with the direction approval of the Managers and a Majority Interesteach other Member, on such terms and conditions, and with such Sharing Ratios and commitments, as the Managers and a Majority Interest may determine at the time of admission. The Managers may reflect admission (provided, however, such decision, consent or approval shall be made in the admission sole discretion of any new Members or the creation Preferred Member following the occurrence of any new class or group a Developer Member Event of Members in an amendment to this Agreement that need be executed only by the ManagersDefault).

Creation of Additional Membership Interests. Additional Membership Interests may be created and issued to existing Members or to other Persons, and such other Persons may be admitted to the Company as Members, at with the direction approval of the Managers Administrative Member and a Majority InterestDividend Member, on such terms and conditions, and with such Sharing Ratios and commitments, conditions as the Managers Administrative Member and a Majority Interest Dividend Member may determine at the time of admission. The Managers Administrative Member may reflect the admission of any new Members or the creation of any new class or group of Members Member in an amendment to this Agreement that need which shall be valid if executed only by the ManagersAdministrative Member.

Creation of Additional Membership Interests. Additional Membership Interests may be created and issued to existing Members or to other Persons, and such other Persons may be admitted to the Company as Members, at the direction of the Managers and a Majority InterestManager, on such terms and conditions, and with such Sharing Ratios and commitmentsCapital Contributions, as the Managers and a Majority Interest Manager may determine at the time of admission. The Managers Manager may reflect the admission of any new Members or the creation of any new class or group of Members Member in an amendment to this Agreement that need be executed only by the ManagersManager.