Issuance of Additional LLC Interests. (a) Subject to Sections 5.12, 7.1 and 7.5 hereof, the Board may admit new Members to the Company, issue additional LLC Interests and grant options to purchase LLC Interests upon such terms and conditions as it may establish. As a condition to the admission of a new Member, such Member must become a party to this Agreement.
Issuance of Additional LLC Interests. The Board of Directors shall have authority to authorize the issuance, from time to time without any vote or other action by the Members, of any or all LLC Interests of the Company at any time authorized. While the Trust remains the sole holder of the LLC Interests, the Company will issue additional LLC Interests to the Trust in exchange for an equal number of shares of Trust Stock which the Company may sell or distribute in any manner, subject to applicable law, that the Board of Directors in its sole discretion deems appropriate and advisable.
Issuance of Additional LLC Interests. Subject to Section 7.5, the Managing Member is hereby authorized to cause the LLC from time to time to issue to Members or other Persons (who, upon such issuance and the execution by such Persons of such documents as the Managing Member deems necessary or appropriate to evidence such Persons' agreement to be admitted as a Member and to be bound by the terms and conditions of this Agreement, shall automatically become Members) additional LLC Interests for such consideration and in one or more classes, or one or more series of any such classes, with such designations, preferences and relative, participating, optional or other special rights, powers and duties, including rights, powers and duties senior to the then-existing LLC Interests, all as shall be determined by the Managing Member, in its reasonable discretion subject to the requirements of the Delaware LLC Act, including without limitation, (i) the allocations of items of LLC income, gain, loss, deduction and credit to each such class or series of LLC Interests; (ii) the right of each such class or series of LLC Interests to share in LLC distributions; and (iii) the rights of each such class or series of LLC Interests upon dissolution and liquidation of the LLC or upon termination of a series of LLC Interests.
Issuance of Additional LLC Interests. (a) Additional Non-Manager Members (the "Additional Non-Manager Members" and each an "Additional Non-Manager Member") may be admitted to the LLC and 47 52 such Additional Non-Manager Members may be issued LLC Interests, only upon approval of the Management Board and the consent of the Manager Member and upon such terms and conditions as may be established by the Manager Member with the consent of the Management Board (including, without limitation, upon such Additional Non-Manager Member's execution of an instrument satisfactory to the Manager Member whereby such Person becomes a party to this Agreement as a Non-Manager Member as well as, in the case of employees of the LLC (or its Controlled Affiliates) or any Controlled Affiliate of any such employee, such Person's compliance with the provisions of Section 3.7 hereof); provided, that, the Management Board and the Manager Member shall take all commercially reasonable steps to ensure that there are at least three (3) Non- Manager Members at all times.
Issuance of Additional LLC Interests. (a) Additional Non-Manager Members (the "Additional Non-Manager Members" and each an "Additional Non-Manager Member") may be admitted to the LLC and such Additional Non-Manager Members may be issued LLC Points, only upon receipt of a Majority Vote and the consent of the Manager Member and upon such terms and conditions as may be established by the Manager Member with a Majority Vote (including, without limitation, upon such Additional Non-Manager Member's execution of an instrument satisfactory to the Manager Member whereby such Person becomes a party to this Agreement as a Non-Manager Member as well as such Person's compliance with the provisions of Section 3.6 hereof).
Issuance of Additional LLC Interests. Subject to Section 7(a) and Section 8, Manager is hereby authorized to cause the Company from time to time to issue to Members or other persons additional LLC Interests in accordance with the terms hereof.
Issuance of Additional LLC Interests. (a) Except as provided in Section 5.2, additional Non-Manager Members (together with any Person admitted as a substitute or additional Non-Manager Member pursuant to Section 5.2 hereof, the "Additional Non-Manager Members") may be admitted to the LLC, and such Additional Non-Manager Members may be issued LLC Interests, only upon the prior written consent of the Manager Member and the Management Committee granted after the Effective Time (and then upon such terms and conditions as may be established jointly by the Manager Member and the Management Committee, including without limitation upon such Additional Non-Manager Member's execution of an instrument in form and substance satisfactory to the Manager Member whereby such Person becomes a party to this Agreement as a Non-Manager Member as well as such Person's compliance with the provisions of Section 3.8 hereof). Unless the Manager Member and the Management Committee each shall have otherwise granted their prior written consent after the Effective Time, any issuance of LLC Points pursuant to this Section 5.5(a) shall be accompanied by a simultaneous issuance of the same number of WY LLC Points by the WY LLC to the same Person (or to its Affiliated "Non-Manager Member" under the WY LLC Agreement, as applicable) receiving LLC Points in such issuance by the LLC.
Issuance of Additional LLC Interests. (a) Except as provided in Section 5.2, additional Non-Manager Members (each, an “Additional Non-Manager Member”) may be admitted to the LLC, and such Additional Non-Manager Members may be issued LLC Units (or other LLC Interests), only upon the prior written consent of the Manager Member and the Management Committee (and then upon such terms and conditions as may be established by the Manager Member, including without limitation upon such Additional Non-Manager Member’s execution of an instrument in form and substance satisfactory to the Manager Member whereby such Person becomes a party to this Agreement as a Non-Manager Member).
Issuance of Additional LLC Interests. (a) Additional Non-Manager Members (the "Additional Non-Manager Members" and each an "Additional Non-Manager Member") may be admitted to the LLC, and such Additional Non-Manager Members may be issued LLC Points, only (i) upon receipt of a Majority Vote and the consent of the Manager Member and the Management Committee and upon such terms and conditions as may be established by the Manager Member (including, without limitation, upon such Additional Non-Manager Member's execution of an instrument in form and substance satisfactory to the Manager Member whereby such Person becomes a party to this Agreement as a Non-Manager Member as well as such Person's compliance with the provisions of Section 3.8 hereof), or (ii) with respect to Program LLC Points in the Purchase Reserve which have not yet been issued, in accordance with and subject to the provisions of the Purchase Program.
Issuance of Additional LLC Interests. The LLC from time to time may issue to Members or other Persons (who shall execute and deliver such documents as the Management Committee deems necessary or appropriate to evidence such Persons' agreement to be admitted as Members and be bound by the terms and conditions of the Certificate and this Agreement) additional LLC Interests, with such designations, preferences and relative, participating, optional, voting or other special rights, powers and duties, including rights, powers and duties senior to the then-existing LLC Interests, and for such consideration, all as shall be determined by the Management Committee subject to Delaware law, including, without limitation, (i) the allocations of items of LLC income, gain, loss, deduction and credit to each such class of LLC Interests; (ii) the rights of each such class of LLC Interests to share in LLC distributions; and (iii) the rights of each such class of LLC Interests upon dissolution and liquidation of the LLC.
