Common use of Units Generally Clause in Contracts

Units Generally. The Interests in the Company shall be issued as units of limited liability company interest (the “Units”). Except as otherwise provided herein, the Company may issue fractional Units and Members may transfer fractional Units to the extent transfers are permitted hereunder. Subject to the provisions of the Act and this Agreement, the Units may be issued in series each having separate rights, powers or duties appurtenant thereto. The total number of Units of all series that the Company has authority to issue is 1,000,000 consisting of 1,000,000 Common Units (“Common Units”). 4.1.1 [Reserved].

Units Generally. The Interests in the Company shall be issued as units of limited liability company interest (the “Units”). Except as otherwise provided herein, the Company may issue fractional Units and Members may transfer fractional Units to the extent transfers are permitted hereunder. Subject to the provisions of the Act and this Agreement, the Units may be issued in series each having separate rights, powers or duties appurtenant thereto. The total number of Units of all series that the Company has authority to issue is 1,000,000 1,250,000, consisting of 1,000,000 Common Units (“Common Units”), as further described below in Section 4.2, and 250,000 Preferred Units (the “Preferred Units”), 250,000 of which are on the date of this amendment undesignated. 4.1.1 [Reserved].

Units Generally. The Interests in the Company shall be issued as units of limited liability company interest (the “Units”). Except as otherwise provided herein, the Company may issue fractional Units and Members may transfer fractional Units to the extent transfers are permitted hereunder. Subject to the provisions of the Act and this Agreement, the Units may be issued in series each having separate rights, powers or duties appurtenant thereto. The total number of Units of all series that the Company has authority to issue is 1,000,000 1,250,000 consisting of 1,000,000 Common Units (“Common Units”), as further described below in Section 4.2, which shall include 18,878 nonvoting Common Units (“Class B Common Units”) as further described below in Section 4.1.3 and 250,000 Preferred Units (the “Preferred Units”), 250,000 of which are on the date of this Agreement undesignated. 4.1.1 [Reserved].