Common use of Initial Paid-In Capital Clause in Contracts

Initial Paid-In Capital. (a) Ownership rights in the Company are measured by Units. The Company shall maintain a Membership Register at its principal office or by a duly appointed agent of the Company setting forth the name, address, Capital Contribution, number and class of Units held by each Member which shall be modified from time to time as Transfers occur, as additional Units are issued or as Units are reclassified pursuant to the provisions hereof. The name, address, Capital Contribution, number and class of Units quantifying the Membership Interest of each Member are set out in the Membership Register.

Appears in 4 contracts

Samples: Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC), Operating Agreement

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Initial Paid-In Capital. (a) Ownership rights in the Company are measured by Units. The Company shall maintain a Membership Register membership register at its principal office or by a duly appointed agent of the Company setting forth the name, address, Capital Contribution, capital contribution and number and class of Units held by each Member which shall be modified from time to time as Transfers occur, occur or as additional Units are issued or as Units are reclassified pursuant to the provisions hereof. The name, address, Capital Contribution, number and class of Units quantifying the Membership Interest of each Member are set out in the Membership Register.

Appears in 3 contracts

Samples: Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC)

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Initial Paid-In Capital. (a) Ownership rights in the Company are shall be measured by in Units. The Company shall maintain a Membership Register membership register at its principal office or by a duly appointed agent of the Company setting forth the name, address, Capital Contribution, capital contribution and number and class of Units held by each Member which shall be modified from time to time as Transfers occur, occur or as additional Units are issued or as Units are reclassified pursuant to the provisions hereof. The name, address, Capital Contribution, number and class of Units quantifying the Membership Interest of each Member are set out in the Membership Register.

Appears in 1 contract

Samples: Operating Agreement

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