Issuance of Membership Units. The Company shall issue 1,000 membership units to the Member. The Company shall be authorized to issue a Certificate of Membership reflective of the Membership Interest. No other Membership Interest or units thereof shall be issued without the prior written consent of the Member.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Interstate Equipment Leasing, LLC), Limited Liability Company Agreement (Interstate Equipment Leasing, LLC), Limited Liability Company Agreement (Interstate Equipment Leasing, LLC)
Issuance of Membership Units. The Upon receipt from the Member of the Capital Contribution as set forth in Section 3.1 above, the Company shall issue 1,000 membership units to the Member. The Company Membership Interest shall be authorized to issue evidenced by a Certificate of Membership reflective of Interest issued by the Membership InterestCompany, in the form set forth as Exhibit C hereto. No other Membership Interest or units thereof shall be issued without the prior written consent of the Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Interstate Equipment Leasing, LLC)
