Dual Status. A Member may hold both Common Units and, if issued, Preferred Units. A Member who holds both Common Units and Preferred Units shall be treated separately as a Common Unitholder with respect to its Common Units and as a Preferred Unitholder with respect to its Preferred Units, except as otherwise provided in this Agreement.
Appears in 25 contracts
Sources: Limited Liability Company Agreement (Phillip Street Middle Market Lending Fund LLC), Limited Liability Company Agreement (Fidelity Private Credit Co LLC), Limited Liability Company Agreement (Fidelity Private Credit Co LLC)
Dual Status. A Member may hold both Common Units and, if issued, Preferred Units. A Member who holds both Common Units and Preferred Units shall be treated separately as a Common Unitholder with respect to its Common Units and as a Preferred Unitholder with respect to its Preferred Units, except as otherwise provided in this the Agreement.
Appears in 12 contracts
Sources: Limited Liability Company Agreement (TCW Specialty Lending LLC), Limited Liability Company Agreement (TCW Direct Lending VIII LLC), Limited Liability Company Agreement (TCW Spirit Direct Lending LLC)
Dual Status. A Member may hold both Common Units and, if issued, Preferred Units. A Member who holds both Common Units and Preferred Units shall be treated separately as a Common Unitholder with respect to its Common Units and as a Preferred Unitholder with respect to its Preferred Units, except as otherwise provided in this AgreementAgreement or as required by law.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (LGAM Private Credit LLC), Limited Liability Company Agreement (SL Investment Fund II LLC)
Dual Status. A Member may hold both Common Units and, if issued, Preferred Units. A Member who holds both Common Units and Preferred Units shall be treated separately as a Common Unitholder with respect to its such Member’s Common Units and as a Preferred Unitholder with respect to its such Member’s Preferred Units, except as otherwise provided in this Agreement.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Silver Capital Holdings LLC)