Common use of Issuance of Additional Interests Clause in Contracts

Issuance of Additional Interests. Subject to the unanimous consent of the Managers and the provisions of Section 9.04, the Company is authorized, in its sole discretion, to issue, for any Company purpose, at any time or from time to time, additional Interests to the Members or to other Persons for such consideration and on such terms and conditions as established by the Managers and as otherwise set forth herein. The Managers are authorized and directed to take all actions that they deem necessary or appropriate in connection with each issuance of Interests pursuant to this Section 9.08 and to amend this Agreement in any manner that it deems necessary or appropriate for each such issuance, to admit additional Members in connection therewith and specify the relative rights, powers and duties of the holders of the Interests so issued.

Issuance of Additional Interests. Subject to the unanimous consent of the Board of Managers and the provisions of Section 9.049.07, the Company is authorized, in its sole discretion, to cause the Company to issue, for any Company purpose, at any time or from time to time, additional Interests to the Members or to other Persons for such consideration and on such terms and conditions as established by the Board of Managers and as otherwise set forth herein. The Board of Managers are is authorized and directed to take all actions that they deem it deems necessary or appropriate in connection with each issuance of Interests pursuant to this Section 9.08 9.10 and to amend this Agreement in any manner that it deems necessary or appropriate for each such issuance, to admit additional Members in connection therewith and specify the relative rights, powers and duties of the holders of the Interests so issued.