Class E Common Units Clause Samples
Class E Common Units. Class E Common Units may be conditionally issued in one or more series of such class. Class E Common Units of the first such series granted after the Merger shall be designated as “Class E-1 Common Units,” and each subsequent series of Class E Common Units shall be designated with a consecutive number commencing with Class E-3 Common Units or as otherwise recorded in the books of the Partnership and the applicable Partner Agreement. Class E Common Units may be conditionally granted to or held by any Individual Limited Partner and his Related Trusts (each, a “Class E Limited Partner”). Except as otherwise set forth in this Agreement or the applicable Partner Agreement, if any, of any Class E Limited Partner, each series of Class E Common Units shall have the same rights, powers and duties, which shall be as set forth below and elsewhere in this Agreement:
Class E Common Units. Class E Common Units may be conditionally issued in one or more series of such class. Class E Common Units of the first such series granted after the Merger shall be designated as “Class E-1 Common Units,” and each subsequent series of Class E Common Units shall be designated with a consecutive number commencing with Class E-3 Common Units or as otherwise recorded in the books of the
Class E Common Units. The Company hereby authorizes the issuance of an unlimited number of Class E Common Units, which it may issue in one or more Series, 10,031,317 of which are outstanding on the date hereof, as set forth on the Members and Option Holders Schedule (as in effect on the date hereof). The initial two Series of Class E Common Units are (i) Class E-1 Common Units, 4,458,363 of which are outstanding on the date hereof and (ii) Class E-2 Common Units, 5,572,954 of which are outstanding on the date hereof, in each case, as set forth on the Members and Option Holders Schedule (as in effect on the date hereof). The Class E-1 Common Units and the Class E-2 Common Units shall be identical in all respects, except that the Class E-2 Common Units will not have voting rights except as otherwise set forth in this Agreement or provided by the Delaware Act.