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Common use of Units Clause in Contracts

Units. The interest of the Member in the Company shall be represented by issued and outstanding Units (“Units”). The Company shall be authorized to issue one thousand (1,000) Units. In exchange for a contribution of $100.00, the Member shall own 100% of the Units.

Appears in 59 contracts

Samples: Limited Liability Company Agreement (BCF Cards, Inc.), Limited Liability Company Agreement (BCF Cards, Inc.), Limited Liability Company Agreement (BCF Cards, Inc.)

Units. The An interest of the Member in the Company shall will be represented by issued and outstanding Units a unit (a UnitsUnit”). The Company shall There will be authorized to issue an aggregate of one thousand (1,000) UnitsUnits in the Company. In exchange for a contribution of $100.00, The Member will be issued all one thousand (1,000) Units in the Member shall own 100% of the UnitsCompany.

Appears in 4 contracts

Samples: Operating Agreement (WildHorse Resource Development Corp), Operating Agreement (Western Wisconsin Sand Company, LLC), Operating Agreement (Western Wisconsin Sand Company, LLC)