Issuances of Additional Securities. (a) The Board is hereby authorized to cause the Company to issue additional Company Interests, or classes or series thereof, or options, rights, warrants or appreciation rights relating thereto, or any other type of equity security that the Company may lawfully issue (“Additional Company Equity Securities”) if the Board of Managers determines in good faith that the Company has a need for additional Capital Contributions for any proper Company purpose.
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Centennial Resource Development, Inc.), Limited Liability Company Agreement (RSP Permian, Inc.)
