Common use of Units Generally Clause in Contracts

Units Generally. The Partnership Interests of the Partners shall be represented by issued and outstanding Units, which may be divided into one or more types, classes or series, or subseries of any type, class or series, with each type, class or series, or subseries thereof, having the rights and privileges, including voting rights, if any, set forth in this Agreement. The secretary of the Partnership shall maintain a schedule of all Partners from time to time, the Units held by them and the Capital Contributions made by them with respect thereto (as the same may be amended, modified or supplemented from time to time, the “Partners Schedule”), a copy of which as of the date hereof is attached hereto as Schedule B. Ownership of a Unit (or fraction thereof) shall not entitle a Unitholder to call for a partition or division of any property of the Partnership or for any accounting. The Partnership will not effect a split, reverse split or other combination or subdivision of the Common Units of any class or series unless the terms of all other classes and series (including related Common Capital Values and Non-Distribution Amounts) of Common Units are equitably adjusted.

Appears in 2 contracts

Samples: Recapitalization Agreement (Grande Communications Holdings, Inc.), Limited Partnership Agreement (Grande Communications Holdings, Inc.)

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Units Generally. The Partnership Membership Interests of the Partners Members shall be represented by issued and outstanding Units, which may be divided into one or more types, classes or series, or subseries of any type, class or series, with each type, class or series, or subseries thereof, having the rights and privileges, including voting rights, if any, set forth in this Agreement. The secretary of the Partnership Secretary shall maintain a schedule of all Partners Members from time to time, their respective mailing addresses and the Units held by them and the Capital Contributions made by them with respect thereto (as the same may be amended, modified or supplemented from time to time, the “Partners Members Schedule”), a copy of which as of the date hereof is attached hereto as Schedule B. Ownership of a Unit (or fraction thereof) shall not entitle a Unitholder to call for a partition or division of any property of the Partnership Company or for any accounting. The Partnership Company will not effect a split, reverse split or other combination or subdivision of the Common Units of any class or series unless the terms of all other classes and series (including related Points, Common Capital Values and Non-Distribution Amounts) of Common Units are equitably adjusted.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Language Line Services Holdings, Inc.), Limited Liability Company Agreement (Language Line Services Holdings, Inc.)

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