Common use of Class of Units Clause in Contracts

Class of Units. There shall be two classes of Units of LLC Interests. Class A Units shall be granted to investors in the LLC in exchange for money or property other than money, and Class B Units shall be granted by the LLC to certain persons as determined by the Board of Managers, in exchange for the performance of services. Exhibit A sets forth (i) the name of each Member, (ii) the number of Class A Units held by each Member, (iii) the number of Class B Units held by each Member, and (iv) the amount of the initial value of each Member’s Capital Contributions to the LLC, if any.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hughes Communications, Inc.), Limited Liability Company Agreement (HNS-India VSAT, Inc.)

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Class of Units. There shall be two classes of Units of LLC Interests. Class A Units shall be granted to investors in the LLC in exchange for money or property other than money, and Class B Units shall be granted by the LLC to certain persons as determined by the Board of ManagersManaging Member, in exchange for the performance of services. Exhibit A sets forth (i) the name of each Member, (ii) the number of Class A Units held by each Member, (iii) the number of Class B Units held by each Member, and (iv) the amount of the initial fair market value of each Member’s 's Capital Contributions to the LLC, if any.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Skyterra Communications Inc)

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Class of Units. There shall be two classes of Units of LLC Interests. Class A Units shall be granted to investors in the LLC in exchange for money or property other than money, and Class B Units shall be granted by the LLC to certain persons as determined by the Board of ManagersManaging Member, in exchange for the performance of services. Exhibit A sets forth (i) the name of each Member, (ii) the number of Class A Units held by each Member, (iii) the number of Class B Units held by each Member, and (iv) the amount of the initial fair market value of each Member’s Capital Contributions to the LLC, if any.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Directv Group Inc)

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