Unit Ledger Sample Clauses

Unit Ledger. The Board shall prepare, amend, and supplement a Unit Ledger without approval of the Members that states the Unitholders and the Class and number of Units held by each Unitholder, the Capital Contribution of the Unitholder, and those Unitholders who are Members of each Class.
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Unit Ledger. The Company shall maintain, at its principal office in Maryland or at such other office or agency of the Company as may be designated by the Board of Managers, an original or duplicate Unit ledger containing the names and addresses of all Members and the number of Units held by each Member.
Sample 1
Unit Ledger. The Company shall create and maintain a ledger (the “Unit Ledger”) setting forth: (a) the name of each Unitholder, (b) the number of Units of each class of Units held by each such Unitholder, and (c) the amount of the Capital Contribution made or deemed to have been made for each class of Units held by such Unitholder, which for Class A Units shall initially be $1,000.00 per Class A Unit and for Class S Units shall initially be $1,000.00 per Class S Unit. Upon any change in the number or ownership of outstanding Units (whether upon an issuance of Units, a Transfer of Units, a cancellation of Units or otherwise), the Company shall use its commercially reasonable efforts to amend and update the Unit Ledger reasonably promptly thereafter. Absent manifest error, the ownership interests recorded on the Unit Ledger shall be conclusive record of the Units that have been issued and are outstanding.
Sample 1
Unit Ledger. The Company shall create and maintain a ledger (the "Unit Ledger") setting forth at least: (a) the name of each Unitholder, (b) the number of Units of each class of Units held by each such Unitholder, (c) if any Units of a class held by a Unitholder have a Participation Threshold applicable to such Units, such Participation Threshold, and (d) the amount of the Capital Contribution made for each class of Units held by such Unitholder. Upon any change in the number or ownership of outstanding Units (whether upon an issuance of Units, a Transfer of Units, a cancellation of Units or otherwise), the Company shall amend and update the Unit Ledger. Absent manifest error, the ownership interests recorded on the Unit Ledger shall be conclusive record of the Units that have been issued and are outstanding.
Sample 1
Unit Ledger. The Company shall maintain, through the office of its Secretary, a Unit ledger and transfer registry to record all issuances and permitted Transfers of Units; provided, to maintain the confidentiality of the terms on which Incentive Units, Options and Option Units are granted (including the identities of the grantees), the ledger and transfer registry for Incentive Units and Option Units shall be maintained by the Board rather than the Secretary, and such Incentive Unit and Option Unit ledger and transfer registry shall not be available for inspection by any Person (other than Directors) unless approved by the Board.
Sample 1
Unit Ledger. The Company shall create and maintain a ledger (the "Unit Ledger") setting forth at least: (i) the name of each Unitholder, (ii) the number of Units of each class of Units held by each such Unitholder, (iii) if any Units of a class held by a Unitholder have a Participation Threshold applicable to such Units, such Participation Threshold, (iv) if any Units of a class held by a Unitholder have been designated as Special Capital Incentive Units, such designation and the Special Capital Incentive Unit Base Amount, and (v) the amount of the Capital Contribution made for each class of Units held by such Unitholder. Upon any change in the number or ownership of outstanding Units (whether upon an issuance of Units, a transfer of Units, a cancellation of Units or otherwise), the Company shall amend and update the Unit Ledger. Absent manifest error, the ownership interests recorded on the Unit Ledger shall be conclusive record of the Units that have been issued and are outstanding. A true and correct copy of the Unit Ledger, as of the date hereof, shall be attached as Annex A upon the Closing, which shall reflect the conversion contemplated by Section 3.17.
Sample 1
Unit Ledger. The Company shall maintain, through the office of its Secretary, a Unit ledger and transfer registry to record the record holders of Units and the number and all issuances and Permitted Transfers of Units. The Company will update Schedule 1 as Units are issued, forfeited or transferred from time to time. No modification to Schedule 1 for the foregoing reasons shall require the consent or approval of any Member.
Sample 1
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Related to Unit Ledger

  • Stock Ledger The stock ledger of the Corporation shall be the only evidence as to who are the stockholders entitled to examine the stock ledger, the list required by Section 9 of this Article II or the books of the Corporation, or to vote in person or by proxy at any meeting of stockholders.

  • Guest Ledger Subject to (f) below, all accounts receivable of registered guests at the Hotel who have not checked out and were occupying rooms as of the Cutoff Time, shall be prorated as provided herein.

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Bookkeeping Coinbase Custody shall keep timely and accurate records as to the deposit, disbursement, investment and reinvestment of the Digital Assets, as required by applicable law and in accordance with Coinbase Custody’s internal document retention policies.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"): (i) a Securities Account in the name of Customer on behalf of each Fund for Financial Assets, which may be received by Bank or its Subcustodian for the account of Customer, including as an Entitlement Holder; and (ii) an account in the name of Customer ("Cash Account") for any and all cash in any currency received by Bank or its Subcustodian for the account of Customer. Notwithstanding paragraph (ii), cash held in respect of those markets where Customer is required to have a cash account in its own name held directly with the relevant Subcustodian shall be held in that manner and shall not be part of the Cash Account. Bank shall notify Customer prior to the establishment of such an account. (b) At the request of Customer, additional Accounts may be opened in the future, which shall be subject to the terms of this Agreement. (c) Except as precluded by Section 8-501(d) of the Uniform Commercial Code ("UCC"), Bank shall hold all Securities and other Financial Assets, other than cash, of a Fund that are delivered to it in a "securities account" with Bank for and in the name of such Fund and shall treat all such assets other than cash as "financial assets" as those terms are used in the UCC.

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Separate Account If Student-Generated Content is stored or maintained by the Provider, Provider shall, at the request of the LEA, transfer, or provide a mechanism for the LEA to transfer, said Student- Generated Content to a separate account created by the student.

  • Opening an Account Stripe may use information that you provide to Stripe and its Affiliates about a Connected Account to (a) determine the Connected Account’s eligibility to be a Stripe Issuing Accountholder; (b) administer the Stripe Issuing Program; and (c) monitor each Stripe Issuing Accountholder’s Principal Owners, Stripe Issuing Administrators, Card Authorised Users, representatives, and individuals with significant responsibility for management, including executives and senior managers, for the purpose of meeting Stripe’s obligations under Law. Stripe may reject any Connected Account application for, and terminate any Stripe Issuing Accountholder’s access to, the Stripe Issuing Services immediately if any Connected Account, Stripe Issuing Accountholder, Principal Owner, Stripe Issuing Administrator, Card Authorised User, representative, or individual with significant responsibility for management is or becomes a High-Risk Person or uses the Stripe Issuing Program for a Card Unauthorised Purpose.

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