Common use of Revisions to Allocations to Reflect Issuance Clause in Contracts

Revisions to Allocations to Reflect Issuance. In the event that the Company issues additional classes of Units to the Members pursuant to Article 3 of this Agreement, the Board shall, subject to Section 10.2, make such revisions to this Article 6 as it reasonably deems necessary to reflect the terms of the issuance of such additional class of Units, including making preferential allocations to classes of Units that are entitled thereto.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (New Mountain Finance AIV Holdings Corp), Limited Liability Company Agreement (New Mountain Finance AIV Holdings Corp), Limited Liability Company Agreement (New Mountain Finance Holdings, L.L.C.)

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Revisions to Allocations to Reflect Issuance. In the event that the Company issues additional classes of Units to the Members pursuant to Article 3 of this Agreement, the Board Manager shall, subject to Section 10.2, make such revisions to this Article 6 as it reasonably deems necessary to reflect the terms of the issuance of such additional class of Units, including making preferential allocations to classes of Units that are entitled thereto.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Cloud Peak Energy Inc.), Limited Liability Company Agreement (Cloud Peak Energy Inc.), Limited Liability Company Agreement (Cloud Peak Energy Inc.)

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