Issuance of Additional Membership Units. (a) The Manager is hereby authorized and directed to cause the Company to issue to the Members the number of Membership Units and Series A Preferred Membership Units as set forth in Schedule 5.1.
Appears in 2 contracts
Samples: Execution Version (Wellsford Real Properties Inc), Limited Liability Company Operating Agreement (Whwel Real Estate Lp)
Issuance of Additional Membership Units. (a) The Manager is hereby authorized and directed to cause the Company to issue to the Initial Members on the Initial Closing Date the number of Membership Units and Series A Preferred Membership Units as set forth in Schedule 5.1Section 5.1(h).
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Whwel Real Estate Lp), Limited Liability Company Operating Agreement (Wellsford Real Properties Inc)
