Member Interests. The Company’s member interests shall consists of Common limited liability company units, no par value (“Common Units”). The Company shall have the authority to issue Common Units, which shall be evidenced by certificates in the form attached hereto as Exhibit A.
Member Interests. Units and the limited liability company interests represented thereby shall for all purposes be personal property. Except as set forth herein, no Member shall have any interest in specific Company assets or property.
Member Interests. The Company shall have one class of Interests, which shall have equal rights and preferences in the assets of the Company. The Board shall have no right to establish or issue new or additional classes of Interests without the unanimous written consent of the Members and amendment of this Agreement to provide for such designation or issuance.
Member Interests. (a) Pursuant to the terms of the Initial Operating Agreement, a single Member Interest is issued and outstanding as of the date of this Agreement, which Member Interest constitutes 100% of the Member Interests (the “Pre-IPO Member Interest”). The Pre-IPO Member Interest is owned of record by CEPH. Immediately prior to the closing of the Initial Offering, the Pre-IPO Member Interest will be converted into and exchanged for 226,406 Class A Units, 6,593,894 Common Units and the Management Incentive Interests, such conversion and exchange to be effected in accordance with Section 5.1. Concurrently with the closing of the Initial Offering, on the Closing Date the Company will issue to CHI the Class D Interests, such issuance to be effected in accordance with Section 5.2(a). At the closing of the Initial Offering, the Company will issue to the Underwriters (i) the number of Common Units determined in accordance with Section 5.2(b), such issuance to be effected in accordance with Section 5.2(b), and (ii) if the Over-Allotment Option is exercised and the closing of such exercise occurs concurrently with closing of the Initial Offering, such additional number of Common Units as is determined in accordance with Section 5.2(c). The rights and obligations of the Class A Units, Common Units, Management Incentive Interests and Class D Interests shall be as specified in this Agreement.
Member Interests. The Company’s member interests shall consists of the following two classes of limited liability company interests:
Member Interests. 29. Contribution Agreement effective as of April 18, 2007 from Nami Capital Partners, LLC to the Company of Nami Capital Partner’s 36.044% member interest in the Operating Company to the Company in exchange for 1,171,430 Common Units.
Member Interests. (a) At Closing, LEH will hold a Member Interest evidenced by the number of Units set forth opposite its name on Appendix II, which will result in LEH having the Percentage Interest in the Company as of the Closing set forth opposite its name on Appendix II. US-DOCS\83202430.20
Member Interests. The Membership Interests of the Members shall not be certificated without approval of the Board. Exhibit 3.1 and any information related to a Member specified thereon shall be updated by the Board, with the Board promptly providing a copy thereof to the Members, to reflect (a) the Transfer of Membership Interests by a Member, (b) the issuance of New Interests or the admission of new Members, or (c) the making of Capital Contributions by a Member, in each case, in accordance with the terms of this Agreement. Upon any adjustment of Percentage Interests, the Board shall promptly revise and update Exhibit 3.1 to reflect such adjustment.
Member Interests. There are no outstanding options in or other rights to acquire all or any portion of the Seller Member Interest or to Seller's knowledge, any interest in M Purchase. Seller is not in default of any of its obligations under the Operating Agreement. No event, act or omission has occurred that, with the passage of time or notice, or both, would constitute a default or breach by Seller under the Operating Agreement.
Member Interests. Permit a member of either Borrower to sell, transfer or otherwise dispose of any portion of its member interest in such Borrower. Bank agrees that it will not unreasonably withhold its consent to any such transfer or disposition.
