Common use of Units Clause in Contracts

Units. Ownership in the Company shall be represented by membership units (“Units”). Such Units shall not be represented by written certificates unless otherwise approved by the Member. The Member is the record and beneficial owner of 1,000 Units, representing all the issued and outstanding Units of the Company.

Appears in 76 contracts

Samples: Limited Liability Company Agreement (NGL Supply Terminal Company, LLC), Limited Liability Company Agreement (NGL Supply Terminal Company, LLC), Limited Liability Company Agreement (NGL Supply Terminal Company, LLC)

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Units. Ownership in the Company shall be represented by membership units (“Units”). Such Units shall not be represented by written certificates unless otherwise approved by the MemberBoard of Managers (as defined below). The Member is the record and beneficial owner of 1,000 100 Units, representing all the issued and outstanding Units of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (NGL Crude Terminals, LLC), Limited Liability Company Agreement (Opr, LLC), Limited Liability Company Agreement (NGL Crude Terminals, LLC)

Units. Ownership in the Company shall be represented by membership units (“Units”). Such Units shall not may, but need not, be represented by written certificates unless otherwise approved by the Membercertificates. The Member is the record and beneficial owner of 1,000 Units, representing all the issued and outstanding shall receive one thousand Units of the Company(1,000) in return for its initial capital contribution.

Appears in 4 contracts

Samples: Company Agreement (Milagro Oil & Gas, Inc.), Company Agreement (Milagro Oil & Gas, Inc.), Company Agreement (Milagro Oil & Gas, Inc.)

Units. Ownership in the Company shall be represented by membership units (“Units”). Such Units shall not be represented by written certificates unless otherwise approved by the Member. The Member is the record and beneficial owner of 1,000 100 Units, representing all the issued and outstanding Units of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Opr, LLC), Limited Liability Company Agreement (NGL Crude Terminals, LLC), Limited Liability Company Agreement (NGL Crude Terminals, LLC)

Units. Ownership in the Company shall be represented by membership units (“Units”). Such Units shall not be represented by written certificates unless otherwise approved by the MemberMembers. The Member is Members are the record and beneficial owner of 1,000 Units, representing all the issued and outstanding Units of the CompanyCompany identified on Schedule 1 attached hereto.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (NGL Supply Terminal Company, LLC), Limited Liability Company Agreement (NGL Supply Terminal Company, LLC), Limited Liability Company Agreement (NGL Supply Terminal Company, LLC)

Units. Ownership in the Company shall be represented by membership units (“Units”). Such Units shall not be represented by written certificates unless otherwise approved by the Member. The Member is the record and beneficial owner has received one thousand (1,000) Units in return for its initial capital contribution of 1,000 Units$1,000, representing which Units represent all the issued and outstanding Units of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (NGL Crude Terminals, LLC), Limited Liability Company Agreement (NGL Crude Terminals, LLC)

Units. Ownership in the Company shall be represented by membership units (“Units”). Such Units shall not be represented by written certificates unless otherwise approved by the MemberMembers. The Member is Members are the record and beneficial owner of 1,000 Units, representing all the issued and outstanding Units of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NGL Supply Terminal Company, LLC)

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Units. Ownership in the Company shall be represented by membership units (“Units”). Such Units shall not may, but need not, be represented by written certificates unless otherwise approved by the Membercertificates. The Member is the record and beneficial owner of 1,000 Units, representing all the issued and outstanding shall receive one thousand (1,000) Units of the Companyin return for its initial capital contribution.

Appears in 1 contract

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

Units. Ownership in the Company shall be represented by membership units (“Units”). Such Units shall not be represented by written certificates unless otherwise approved by the Member. The Member is the record and beneficial owner of 1,000 one thousand (1,000) Units, representing all the issued and outstanding Units of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NGL Crude Terminals, LLC)

Units. Ownership in the Company shall be represented by membership units of ownership interest (“Units”)) which shall be issued to the initial Members and to any new or additional Member. Such The Units shall not may be represented by written certificates unless otherwise approved issued by the MemberCompany. The Member is initial Members shall be issued Units in the record and beneficial owner of 1,000 Units, representing all the issued and outstanding Units of the Company.Company as indicated on Exhibit A.

Appears in 1 contract

Samples: Operating Agreement

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