Authorized Units. The Member’s membership interest in the Company shall be designated in Units. The Company is authorized to issue one class of Units designated as Common Units. The total number of Common Units which the Company is authorized to issue is 100 Units. The Member may increase the number of authorized Units and create additional classes and/or series of Units. In the event that the authorized number of Units available for issuance is increased pursuant to this Section 8.1, the Member shall indicate the total number of Units available for issuance with respect to any then existing class and/or series and any new class and/or series after giving effect to such approved increase.
Appears in 4 contracts
Samples: Operating Agreement (APW Supermarkets, Inc.), Operating Agreement (APW Supermarkets, Inc.), Operating Agreement (APW Supermarkets, Inc.)
