Existing Non. Manager Members may be issued additional LLC Points (or other LLC Interests), only by the LLC with the consent of, and upon such terms and conditions as may be established by, the Manager Member. The Manager Member may only be issued new additional LLC Points (or other LLC Interests) upon the receipt of a Majority Vote.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Affiliated Managers Group Inc), Limited Liability Company Agreement (Affiliated Managers Group Inc)
Existing Non. Manager Members may be issued additional LLC Points (or other LLC Interests), only (i) by the LLC with the consent of, and upon such terms and conditions as may be established by, by the Management Committee and the Manager Member, or (ii) with respect to Program LLC Points in the Purchase Reserve which have not yet been issued, in accordance with and subject to the provisions of the Purchase Program. The Manager Member or its Affiliates may only be issued new additional LLC Points (or other LLC Interests) upon the receipt of a Majority Vote.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Affiliated Managers Group Inc)
Existing Non. Manager Members may be issued additional LLC Points (or other LLC Interests), only by the LLC with the consent of, and upon such terms and conditions as may be established by, the Management Committee with the consent of the Manager Member. The Manager Member or its Affiliates (other than the LLC and its Controlled Affiliates) may only be issued new additional LLC Points (or other LLC Interests) upon the receipt of a Majority Committee Vote.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Affiliated Managers Group Inc)
