Prohibition on Issuance of Preference Interests. No Interests shall entitle any Member to any preemptive, preferential or similar rights unless such preemptive, preferential or similar rights are set forth in the applicable Series Designation on or prior to the date of the Initial Offering of any interests of such Series (the designation of such preemptive, preferential or similar rights with respect to a Series in the Series Designation, the Interest Designation).
Appears in 18 contracts
Samples: Limited Liability Company Agreement (Casa Shares Assets, LLC), Series Limited Liability Company Agreement (Mansion Collection I LLC), Limited Liability Company Agreement (Mission Property Holdings LLC)
Prohibition on Issuance of Preference Interests. No Interests shall entitle any Member to any preemptive, preferential or similar rights unless such preemptive, preferential or similar rights are set forth in the applicable Series Designation on or prior to the date of the Initial Offering of any interests of such Series (the designation of such preemptive, preferential or similar rights with respect to a Series in the Series Designation, the “Interest Designation”).
Appears in 14 contracts
Samples: Limited Liability Company Agreement (Neptune REM, LLC), Limited Liability Company Agreement (Neptune REM, LLC), Limited Liability Company Agreement (Vestible Assets, LLC)
Prohibition on Issuance of Preference Interests. No Interests shall entitle any Member to any preemptive, preferential or similar rights unless such preemptive, preferential or similar rights are set forth in the applicable Series Designation on or prior to the date of the Initial Offering of any interests Interests of such Series (the designation of such preemptive, preferential or similar rights with respect to a Series in the Series Designation, the Interest Designation).
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Arrived STR, LLC), Limited Liability Company Agreement (Arrived Homes 4, LLC), Limited Liability Company Agreement (Arrived Homes 3, LLC)
Prohibition on Issuance of Preference Interests. No Interests shall entitle any Member to any preemptive, preferential or similar rights unless such preemptive, preferential or similar rights are set forth in the applicable Series Designation on or prior to the date of the Initial Offering of any interests of such Series (the designation of such preemptive, preferential or similar rights with respect to a Series in the Series Designation, or the Interest Designation).
Appears in 5 contracts
Samples: Series Limited Liability Company Agreement (Paradyme Fund a Ii, LLC), Series Limited Liability Company Agreement (Emporium Realty Fund I, LLC), Limited Liability Company Agreement (Tirios Propco Series LLC)
