Common use of Units Representing Membership Interests Clause in Contracts

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI is, and has been admitted as the sole member of the Company, and that RSI’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 11 contracts

Samples: Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.)

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Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI RSMHC is, and has been admitted as the sole member of the Company, and that RSIRSMHC’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 5 contracts

Samples: Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.)

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI RSHC is, and has been admitted as the sole member of the Company, and that RSIRSHC’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 5 contracts

Samples: Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.)

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI is, and has been admitted as the sole member of the Company, and that RSI’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 3 contracts

Samples: Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.)

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI RSCHC is, and has been admitted as the sole member of the Company, and that RSIRSCHC’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 2 contracts

Samples: Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.)

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI mat RSMHC is, and has been admitted as the sole member of the Company, and that RSIRSMHC’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 1 contract

Samples: Operating Agreement (Environtech Inc.)

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI RS OHIO is, and has been admitted as the sole member of the Company, and that RSIRS OHIO’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 1 contract

Samples: Operating Agreement (Environtech Inc.)

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A A. as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the CertificateArticles, this Agreement and/or the Law;Act. (b) An an equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An an equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI is, and has been admitted as the sole member of the Company, and that RSI’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 1 contract

Samples: Operating Agreement (Manchester Mall Inc)

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI RS OF GA is, and has been admitted as the sole member of the Company, and that RSIRS OF GA’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 1 contract

Samples: Operating Agreement (Environtech Inc.)

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Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI RSLP is, and has been admitted as the sole member of the Company, and that RSIRSLP’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 1 contract

Samples: Operating Agreement (Environtech Inc.)

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI CENTRAL VIRGINIA is, and has been admitted as the sole member of the Company, and that RSICENTRAL VIRGINIA’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 1 contract

Samples: Operating Agreement (Environtech Inc.)

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI CWI is, and has been admitted as the sole member of the Company, and that RSICWI’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 1 contract

Samples: Operating Agreement (Environtech Inc.)

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI Aviation is, and has been admitted as the sole member of the Company, and that RSIAviation’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 1 contract

Samples: Operating Agreement (Environtech Inc.)

Units Representing Membership Interests. The Interests of Members in the Company are divided into and represented by Units. Each Member’s respective number of Units is set forth in Exhibit A as the same shall be amended from time to time to reflect any changes in the number of Units of Members. The Members agree that each Unit shall entitle the Member possessing such Unit to: (a) Equal governance rights per Unit and to one vote per Unit on matters on which the Members may vote under the Certificate, this Agreement and/or the Law; (b) An equal proportionate share per Unit of the Company’s net income, gains, losses, deductions and credits; and (c) An equal proportionate share per Unit of amounts distributed to the Members in respect of their Interests upon dissolution of the Company. Unless otherwise approved by the Members, the Company will not issue certificates representing Units, but at the written request of a Member, the Company will provide a certified statement setting forth the total number of Units issued and outstanding and the number of Units issued to the requesting Member, as of the date of the statement. It is hereby agreed, acknowledged and confirmed that RSI LETCO is, and has been admitted as the sole member of the Company, and that RSILETCO’s Units as set forth in Exhibit A have been duly issued, and such admission and issuance are hereby ratified, approved and authorized.

Appears in 1 contract

Samples: Operating Agreement (Environtech Inc.)

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