Issuance of Additional Units. (a) Subject to the approval of the Class A Member, the Company may issue an unlimited number of additional Class A Units to any Person at any time for such consideration as the Board deems appropriate.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Axar Capital Management L.P.), Limited Liability Company Agreement (Stonemor Partners Lp)
Issuance of Additional Units. (a) Subject to the approval of the Class A Sole Member, the Company may issue an unlimited number of additional Class A Units to any Person at any time for such consideration as the Board deems appropriate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Stonemor Partners Lp)
Issuance of Additional Units. (a) Subject to the approval of the holders of at least 50% of the outstanding Class A MemberUnits, the Company may issue an unlimited number of additional Class A Units to any Person at any time for such consideration as the Board deems appropriate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Stonemor Partners Lp)
Issuance of Additional Units. (a) Subject to the approval of the holders of at least 50% of the outstanding Class A MemberUnits, the Company may issue an unlimited number of additional Class A Units or Class B Units to any Person at any time for such consideration as the Board deems appropriate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hiland Partners, LP)
Issuance of Additional Units. (a) Subject to the approval of the holders of at least 50% of the outstanding Class A MemberUnits and subject to Article 14, the Company may issue an unlimited number of additional Class A Units or Class B Units to any Person at any time for such consideration as the Board deems appropriate.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hiland Partners, LP)
