Member Units Sample Clauses

Member UnitsEach Member’s interest in the Company, including such Member’s interest in income, gains, losses, deductions and expenses of the Company and the right to vote on certain matters as provided in this Agreement, shall be represented by the Units owned by such Member.
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Member UnitsEach Member's interest in the Company, including such ------------ Member's interest, if any, in the capital, income, gains, losses, deductions and expenses of the Company and the right to vote, if any, on certain Company matters as provided in this Agreement, shall be represented by "Units" (each, ----- individually, a "Unit," and any number of Units, including fractions thereof, ---- "Units"). Initially, the Units shall be comprised of "Investor Units," ----- -------------- "Preferred Units," "Class A Management Units" and "Class B Management Units." --------------- ------------------------ ------------------------ The ownership by a Member of "Investor Units," "Preferred Units," "Class A -------------- --------------- ------- Management Units" and "Class B Management Units" shall entitle such Member to ---------------- ------------------------ allocations of Profits and Losses and other items and distributions of cash and other property with respect to such Units as set forth in Article V hereof. --------- Ownership of a Unit by a Member shall entitle such Member to one vote on any matter voted on by all Members as provided in this Agreement and/or as required by applicable law. The Managing Member may cause the Company to issue to a Member certificates representing the Units held by such Member.
Member UnitsIssuance of Additional Units and Interests; Admission of New Members; Additional Capital Contributions...................................................................... 8 3.6 Representations, Warranties and Agreements of the Members.................................. 9 3.7
Member Units. DEVELOPER has previously furnished to the Company a true and correct copy of the certificate of formation of DEVELOPER and the LLC Agreement, including in each case all amendments thereto through the date of this Agreement. The holders of record (and beneficial owners, if any) of Units in DEVELOPER, and the number of Units owned of record by each such holder and beneficially owned by each such beneficial owner, are set forth on Exhibit A to the LLC Agreement, and the number of Units set forth on such Exhibit A constitute 100% of the issued and outstanding ownership interests in DEVELOPER. Except for the Additional Unit Options and except for options granted under DEVELOPER's 199_ Unit Option Plan and except as otherwise provided herein and in the Note, there are no outstanding options, warrants, rights, contracts or agreements of any kind for the issuance or sale of any Units or for the issuance or sale of any other member interests or obligations of DEVELOPER or for the purchase of any of its member interests.
Member Units. All of the member units owned by any Debtor in the following entities: 1. Arizona LNG; and 2. ALT.
Member Units. Make any decision or take any action relating to the redemption or other disposition of any Member Units (or action having a comparable effect on Holdings’ direct or indirect interest in the ERP DownREITs or AVB DownREIT), whether directly by the Subsidiary Entity holding such Member Units or indirectly through voting by the Company of its equity interest in such Subsidiary Entity, other than any distribution of Member Units to the applicable Member upon liquidation of the Company in accordance with this Agreement or distributions in redemption in accordance with Section 10.4.
Member Units. As of the date hereof, the Member is the sole member of the LLC and holds 100 Units (as defined below) representing all of the outstanding limited liability company interests in the LLC. (a) The ownership of units representing limited liability company interests in the LLC (the “Units”) shall be reflected on the Register of Members in the form set forth in Annex A (the “Register of Members”). Unless otherwise determined by the Member, all issuances and transfers of Units made in accordance with the terms of this Agreement shall be registered in the Register of Members and any issuances or transfers or purported issuances and transfers which are not made in accordance with the terms of this Agreement shall, to the fullest extent permitted by law, be void and shall not be registered in the Register of Members. No fee shall be payable to the LLC in connection with such registration. (b) Each Unit shall represent an equal right to share in the profits and losses of the LLC and to receive distributions of the LLC's assets subject to the provisions of this Agreement and the Act. On any matter subject to a vote of the members holding Units, each whole Unit shall be entitled to one (1) vote and each fractional Unit, if any are issued and outstanding, shall be entitled to a proportionate fractional vote. Subject to the below, the LLC may issue Units to such persons and for such consideration, if any, as it shall determine and shall admit such persons acquiring Units as a member. Upon issuance in accordance with the terms of this Agreement, all Units will be deemed validly issued. (c) The LLC shall issue certificates in respect of Units in the form set forth in Annex B. Each certificate shall be signed by an authorized signatory on behalf of the LLC and shall set forth the number of Units represented by such certificate and the name of the owner thereof. Any and all signatures on any such certificates may be facsimiles. All certificates for Units shall be consecutively numbered or otherwise identified. The name of the person to whom a certificate is issued and the number of Units represented thereby and date of issue shall be entered on a Unit certificate register in the form attached hereto as Annex C (the “Register of Unit Certificates”) maintained by the LLC at an address in the United States as may be determined by the Member. Any certificate issued in violation of the provisions of this Agreement shall be void. (d) The Member or any transfer agent of the LLC ma...
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Member UnitsEach Member holds the number of Units set forth opposite such Member’s name on Schedule A.
Member UnitsEach Member’s interest in the Company, including such Member’s interest in income, gains, losses, deductions and expenses of the Company and the right to vote on certain matters as provided in this Agreement, shall be represented by the Units owned by such Member. Notwithstanding anything to the contrary contained herein, upon the occurrence and during the continuance of an Event of Default (as such term is used in the Pledge Agreement) and subject in all respects to the terms and conditions of the Pledge Agreement, the Collateral Agent shall have the right to vote the Units of NRG Repowering.
Member Units. The interests of the Members in the Company shall be represented by issued and outstanding Units, which may be certificated. The Company is authorized to issue one (1) class of Units only. The Members shall have no interest in the Company other than the interests conferred by this Agreement and represented by the Units. The Board of the Company shall maintain a schedule of all Members from time to time, their respective mailing addresses, and the Units held by them.
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