Fully Paid and Non-Assessable Nature of Units. All Units issued pursuant to, and in accordance with the requirements of, this Article IV shall represent fully paid and non-assessable limited liability company interests in the Company, except as such non-assessability may be affected by Sections 18-502, 18-607 or 18-804 of the Delaware Act or this Agreement.
Appears in 9 contracts
Samples: Operating Agreement (Brookfield Oaktree Holdings, LLC), Operating Agreement (Oaktree Capital Group, LLC), Operating Agreement (Oaktree Capital Group, LLC)
Fully Paid and Non-Assessable Nature of Units. All Units issued pursuant to, and in accordance with the requirements of, this Article IV V shall represent be fully paid and non-assessable limited liability company interests Units in the Company, except as such non-assessability may be affected by Sections 18-502, 18-607 or and 18-804 of the Delaware Act or this AgreementAct.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Viper Energy, Inc.), Limited Liability Company Agreement (Viper Energy, Inc.), Limited Liability Company Agreement (Rattler Midstream Lp)
Fully Paid and Non-Assessable Nature of Units. All Units issued pursuant to, and in accordance with the requirements of, this Article IV III shall represent be fully paid and non-assessable limited liability company interests in the Company, except as such non-assessability may be affected by Sections §§18-502, 18-607 or 18-804 of the Delaware Act or this AgreementAgreement (including any Unit Designation).
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Belpointe PREP, LLC), Limited Liability Company Operating Agreement (Belpointe PREP, LLC)
