Common use of Changes to Capital Structure Clause in Contracts

Changes to Capital Structure. Additional Persons may be admitted as Members, and additional Units or other equity interests may be created and issued from time to time; the terms of admission or issuance may provide for the creation of different classes, groups or series of membership interests having different rights, powers and duties, which rights, powers and duties may be senior, pari passu or junior to the rights, powers and duties of the Units, as determined by the Board of Managers. Any creation of any new class, group or series of units or other equity interests shall be reflected in a supplemental exhibit to this Agreement indicating such rights, powers and duties.

Appears in 16 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (NB Crossroads Private Markets Fund IV (TE) - Client LLC), Limited Liability Company Agreement (NB Crossroads Private Markets Fund IV (TI) - Client LLC)

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Changes to Capital Structure. Additional Persons may be admitted as MembersLimited Partners, and additional Units or other equity interests Interests may be created and issued from time to time; the terms of admission or issuance may provide for the creation of different classes, groups or series of membership limited partnership interests having different rights, powers and duties, which rights, powers and duties may be senior, pari passu or junior to the rights, powers and duties of the UnitsInterests, as determined by the Board of ManagersDirectors. Any creation of any new class, group or series of units limited partnership interests or other equity interests shall be reflected in a supplemental exhibit to this Agreement indicating such rights, powers and duties.

Appears in 6 contracts

Samples: Limited Partnership Agreement (NB Crossroads Private Markets Fund VII LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund v Holdings LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund v (TE) LP)

Changes to Capital Structure. Additional Persons may be admitted as MembersLimited Partners, and additional Units or other equity interests Interests may be created and issued from time to time; : the terms of admission or issuance may provide for the creation of different classes, groups or series of membership limited partnership interests having different rights, powers and duties, which rights, powers and duties may be senior, pari passu or junior to the rights, powers and duties of the UnitsInterests, as determined by the Board of ManagersDirectors. Any creation of any new class, group or series of units limited partnership interests or other equity interests shall be reflected in a supplemental exhibit to this Agreement indicating such rights, powers and duties.

Appears in 3 contracts

Samples: Limited Partnership Agreement (NB Crossroads Private Markets Fund VI Advisory LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund VI Custody LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund VI LP)

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Changes to Capital Structure. Additional Persons may be admitted as Members, and additional Units or other equity interests Shares may be created and issued from time to time; the terms of admission or issuance may provide for the creation of different classesClasses, groups or series of membership interests Shares having different rights, powers and duties, which rights, powers and duties may be senior, pari passu or junior to the rights, powers and duties of the Unitsexisting Shares or Classes, as determined by the Board of Managers. Any creation of any new classClass, group or series of units Shares or other equity interests shall be reflected in a supplemental exhibit to this Agreement indicating such rights, powers and duties.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NB Crossroads Private Markets Access Fund LLC)

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