Common use of Common Units Clause in Contracts

Common Units. The Common Units shall have such rights to allocations and distributions as may be authorized and set forth under this Agreement. The relative rights, powers, preferences, duties, liabilities and obligations of holders of the Common Units shall be as set forth herein. Each holder of Common Units shall be entitled to vote, in person or by proxy, on a pro rata basis in accordance with the relative ownership of Common Units for each Member as of the applicable date and time on all matters upon which Members have the right to vote as set forth in this Agreement and provided under the Act.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (American Healthcare REIT, Inc.), Limited Liability Company Agreement (Griffin-American Healthcare REIT III, Inc.)

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Common Units. The Common Units shall have such rights to allocations and distributions Distributions as may be authorized and set forth under this Agreement. The relative rights, powers, preferences, duties, liabilities and obligations of holders of the Common Units shall be as set forth herein. Each holder of Common Units shall be entitled to vote, in person or by proxy, on a pro rata basis in accordance with the relative ownership of Common Units Voting Percentage for each Member as of the applicable date and time on all matters upon which Members have the right to vote as set forth in this Agreement and provided under the Act.

Appears in 2 contracts

Samples: Limited Liability (Real Brokerage Inc), Agreement (Real Brokerage Inc)

Common Units. The Common Units shall have such rights to allocations and distributions as may be authorized and set forth under this Agreement. The relative rights, powers, preferences, duties, liabilities and obligations of holders of the All Common Units shall be as set forth herein. Each holder of Common Units identical with each other in every respect and shall be entitled to vote, in person or by proxy, on a pro rata basis in accordance vote together with the relative ownership of Common Incentive Units for each Member as of a single class on any matter whatsoever, other than to the applicable date and time on all matters upon which Members have the right to vote as extent expressly set forth in this Agreement and provided under the ActSection 5.1(f)(ii) or Section 14.1.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Springleaf Holdings, Inc.), Limited Liability Company Agreement (Springleaf Holdings, LLC)

Common Units. The All Common Units shall have such rights to allocations and distributions as may be authorized and set forth under this Agreement. The relative the same rights, powers, preferencesand duties. The voting, dutiesdistribution, liabilities and obligations liquidation rights of the holders of Common Units are subject to and qualified by the rights of holders of the Common Preferred Units shall be as set forth herein. Each holder of Common Units shall be entitled to vote, in person or by proxy, on a pro rata basis in accordance with the relative ownership of Common Units for each Member as of the applicable date and time on all matters upon which Members have the right to vote as set forth in this Agreement and provided under the ActAgreement.

Appears in 1 contract

Samples: Employee Agreement (Mister Goody, Inc.)

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Common Units. The (a) Subject to the other provisions of this Agreement (including those governing the Members’ respective rights to receive allocations of Net Profits and Net Losses and to buy or sell Units), all Common Units shall have such rights the rights, and be subject to allocations and distributions as the obligations, identical to those of each other Common Unit. Common Units may be authorized and set forth under this Agreement. The relative rights, powers, preferences, duties, liabilities and obligations of holders issued by the Company upon approval of the Common Units shall be as set forth herein. Each holder Board of Common Units shall be entitled to vote, in person or by proxy, on a pro rata basis in accordance with the relative ownership of Common Units for each Member as of the applicable date and time on all matters upon which Members have the right to vote as set forth in this Agreement and provided under the ActDirectors.

Appears in 1 contract

Samples: Limited Liability Company Agreement (SPIRE Corp)

Common Units. The Common Units shall have such rights to allocations and distributions Except as may be authorized and set forth under otherwise provided by applicable law or in this Agreement. The relative rightsAgreement (including Section 3.06), powers, preferences, duties, liabilities and obligations of the holders of the Common Units shall be as set forth herein. Each holder of Common Units shall be entitled to vote, in person or by proxy, on a pro rata basis in accordance with the relative ownership of Common Units for each Member as of the applicable date and time on all matters upon which Members have the right to vote as on all issues presented to the Unitholders of the Company. Each Common Unit entitled to vote shall be entitled to one (1) vote. Common Units shall be subject to the restrictions on Transfer set forth in this Agreement herein and have the other rights, privileges, preferences and limitations of Common Units as provided under the Actherein.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cempra Holdings, LLC)

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