Examples of Series Addendum in a sentence
The relative rights and preferences of any Series established by the Trustee upon written instructions from the sole initial Beneficial Owner will be as set forth in the Series Addendum relating thereto, and to the extent not inconsistent therewith, as otherwise set forth herein.
The Trustee upon written instructions from the sole initial Beneficial Owner shall have full power and authority to establish one or more Series, the Beneficial Interests in each of which shall be separate and distinct from the Beneficial Interests in any other Series, by adopting a Series Addendum, in such form as is provided to the Trustee for execution, for each such Series as herein provided.
The entire Beneficial Interest in each Series of the Trust shall be authorized and issued to, and accepted by, the relevant series of AHPLLC as indicated in the relevant Series Addendum hereto.
Except as expressly provided herein, this Agreement may be amended only upon the written consent of all of the Beneficial Owners (provided that the Regular Trustee, without further approval of the Beneficial Owners, shall have the right to (i) amend Schedule I or Schedule II to update information thereon in accordance with the terms of this Agreement and (ii) amend any Series Addendum).
The Series Addendum shall provide for a Series Operating Agreement to be entered into by the Company and the Series Members of the Series governing the assets, liabilities, capital and other relevant terms and conditions (the “Series Operating Agreement”).
The form of Series Addendum and Series Operating Agreement are attached hereto as Exhibit A and Exhibit B, respectively.
Upon the adoption by the Regular Trustee and annexation to this Agreement, each Series Addendum shall constitute a part of this Agreement.
The Manager shall have full power and authority in its sole discretion, from time to time, to establish one or more Series as contemplated by Section 18-215 of the Act, the Membership Interests in each of which shall be separate and distinct from the Membership Interests in any other Series, by adopting a Series Addendum for each such Series as herein provided.
Each Series Addendum shall identify the name of the Series, the Beneficial Owner of the Series, and such other information as the Regular Trustee may deem to be relevant.
No Series Addendum shall be amended, supplemented or otherwise modified except as determined by the Regular Trustee in its sole discretion.