Common use of New Equity Securities Clause in Contracts

New Equity Securities. Subject to compliance with Section 3.10 and Article 4, the Manager shall have the right and power to authorize and cause the Company to create and issue additional LLC Interests or other Equity Securities, and, in such event, the right and power to amend this Agreement and the Schedule of Members to reflect such additional issuances and dilution, for such consideration determined by the Manager, and in each case without the approval or consent of any Member or any other Person. In connection with any issuance of Equity Securities, the Person who acquires such Equity Securities shall execute an acceptable Joinder, and shall enter into such Subscription Agreements and other documents, instruments and agreements to effect such purchase as are required by the Manager.