Common use of Issuance of Membership Interests Clause in Contracts

Issuance of Membership Interests. (a) No Membership Interests or other equity interests shall be issued in respect of any Additional Capital Contribution until such Additional Capital Contribution is actually made. All Membership Interests in respect of the Initial Capital Contributions are hereby duly issued on the date of this Agreement and no additional Membership Interests shall be issued by the Company after the date of this Agreement in respect of any Initial Capital Contributions.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (General Electric Co), Limited Liability Company Agreement (Comcast Corp)

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Issuance of Membership Interests. (a) No Membership Interests or other equity interests shall be issued in respect of any Additional Capital Contribution until such Additional Capital Contribution is actually made. All Membership Interests in respect of the Initial Capital Contributions are hereby duly have been issued on the date of this Agreement hereof and no additional Membership Interests Interest shall be issued by the Company after the date of this Agreement in respect of any Initial Capital Contributions.

Appears in 1 contract

Samples: Contribution Agreement (McGraw-Hill Companies Inc)

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Issuance of Membership Interests. (a) No Membership Interests or other equity interests shall be issued in respect of any Additional Capital Contribution until such Additional Capital Contribution is actually made. All Membership Interests in respect of the Initial Capital Contributions are hereby duly authorized and issued on the date of this Agreement and no additional Membership Interests shall be issued by the Company after the date of this Agreement in respect of any Initial Capital Contributions.

Appears in 1 contract

Samples: Contribution Agreement (Baker Hughes Inc)

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