Issuance of Additional Units. (a) Subject to the approval of the Class A Member, the Company may issue an unlimited number of additional Class A Units to any Person at any time for such consideration as the Board deems appropriate.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Stonemor Partners Lp), Limited Liability Company Agreement (Axar Capital Management L.P.)
Issuance of Additional Units. (a) Subject to the approval of the holders of at least 50% of the outstanding Class A MemberUnits and subject to Article 14, the Company may issue an unlimited number of additional Class A Units or Class B Units to any Person at any time for such consideration as the Board deems appropriate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hiland Partners, LP)
Issuance of Additional Units. (a) Subject to the approval of the holders of at least 50% of the outstanding Class A MemberUnits, the Company may issue an unlimited number of additional Class A Units or Class B Units to any Person at any time for such consideration as the Board deems appropriate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hiland Partners, LP)
Issuance of Additional Units. (a) Subject to the approval of the Class A Sole Member, the Company may issue an unlimited number of additional Class A Units to any Person at any time for such consideration as the Board deems appropriate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Stonemor Partners Lp)
Issuance of Additional Units. (a) Subject to the approval of the holders of at least 50% of the outstanding Class A MemberUnits, the Company may issue an unlimited number of additional Class A Units to any Person at any time for such consideration as the Board deems appropriate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Stonemor Partners Lp)
