Initial Units. Upon execution of this Agreement, the Initial Member shall be issued one thousand Units which shall, as of such time, constitute all of the Membership Interests of the Company.
Appears in 8 contracts
Sources: Limited Liability Company Operating Agreement (Vault Holding 1, LLC), Limited Liability Company Operating Agreement (Vault Holding 1, LLC), Limited Liability Company Operating Agreement (Vault Holding 1, LLC)
Initial Units. Upon execution of this Agreement, the Initial Sole Member shall be issued one thousand Units which shall, as of such time, constitute all of the Membership Interests of the Company.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (Vault Holding 1, LLC), Limited Liability Company Operating Agreement (Vault Holding 1, LLC)