Common use of Issuance of Additional Units Clause in Contracts

Issuance of Additional Units. The Company may from time-to-time issue additional Units by sale or other issuance to existing Members or other Persons for such consideration, and upon such terms and conditions, as the Board shall from time-to-time unanimously determine. Any such sales or other issuances of Units shall be made in accordance with the Articles and this Agreement.

Appears in 4 contracts

Samples: Operating Agreement (Hunt J B Transport Services Inc), Operating Agreement (MS Carriers Inc), Operating Agreement (Swift Transportation Co Inc)

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Issuance of Additional Units. The Company may from time-to-to- time issue additional Units by sale or other issuance to existing Members or other Persons for such consideration, and upon such terms and conditions, as the Board shall from time-to-time unanimously determine. Any such sales or other issuances of Units shall be made in accordance with the Articles and this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Us Xpress Enterprises Inc)

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