Common use of Class A Shares Clause in Contracts

Class A Shares. Borrower shall have authorized the issuance of a number of its Class A shares sufficient to repay the aggregate outstanding principal amount of this Promissory Note and when issued such shares shall be duly authorized and validly issued and Lender (or its assignees) shall be admitted as a member of the Borrower entitled to the rights of a Class A shareholder as set forth in the Masterworks Vault [ ], LLC operating agreement. GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with federal law and the laws of the State of New York. This Note has been accepted by Lxxxxx in the State of New York.

Class A Shares. Borrower shall have authorized the issuance of a number of its Class A shares sufficient to repay the aggregate outstanding principal amount of this Promissory Note and when issued such shares shall be duly authorized and validly issued and Lender (or its assignees) shall be admitted as a member of the Borrower entitled to the rights of a Class A shareholder as set forth in the Masterworks Vault [ ]1, LLC operating agreement. GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with federal law and the laws of the State of New York. This Note has been accepted by Lxxxxx in the State of New York.

Class A Shares. Borrower shall have authorized the issuance of a number of its Class A shares sufficient to repay the aggregate outstanding principal amount of this Promissory Note and when issued such shares shall be duly authorized and validly issued and Lender (or its assignees) shall be admitted as a member of the Borrower entitled to the rights of a Class A shareholder as set forth in the Masterworks Vault [ ], LLC operating agreement. GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with federal law and the laws of the State of New York. This Note has been accepted by Lxxxxx in the State of New York.

Class A Shares. Borrower shall have authorized the issuance of a number of its Class A shares sufficient to repay the aggregate outstanding principal amount of this Promissory Note and when issued such shares shall be duly authorized and validly issued and Lender (or its assignees) shall be admitted as a member of the Borrower entitled to the rights of a Class A shareholder as set forth in the Masterworks Vault [ ]3, LLC operating agreement. GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with federal law and the laws of the State of New York. This Note has been accepted by Lxxxxx in the State of New York.