Issuances of Additional Units. (a) The Company may issue any number of Units, and options, rights, warrants and appreciation rights relating to Units, for any Company purpose at any time and from time to time to such Persons for such consideration (which may be cash, property, services or any other lawful consideration) or for no consideration and on such terms and conditions as the Board of Directors shall determine, all without the approval of any Member or any other Person.
Appears in 6 contracts
Samples: Operating Agreement (Oaktree Capital Group, LLC), Operating Agreement (Oaktree Capital Group, LLC), Operating Agreement (Oaktree Capital Group, LLC)
Issuances of Additional Units. (a) The Company may is expressly authorized to issue any number of Units, and options, rights, warrants and appreciation rights relating to Units, additional Units for any Company purpose at any time and from time to time to such Persons for such consideration (which may be cash, property, services or any other lawful consideration) or for no consideration and on such terms and conditions as the Board of Directors Managing Member shall determine, all without the any further act, approval or vote of any Member or any other PersonNon-Managing Member.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Rattler Midstream Lp), Limited Liability Company Agreement (Viper Energy Partners LP), Limited Liability Company Agreement (Rattler Midstream Lp)
Issuances of Additional Units. (a) The Company may issue any number of Units, additional Units and options, rights, warrants and appreciation rights relating to Units, such Units for any purpose of the Company purpose at any time and from time to time to such Persons for such consideration (which may be cash, property, services or any other lawful consideration) or for no consideration and on such terms and conditions as the Board of Directors shall determine, all without the approval of any Member or any other PersonMembers.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Hoegh LNG Partners LP), Limited Liability Company Agreement
Issuances of Additional Units. (a) The Company may issue any number of Units, additional Units and options, rights, warrants and appreciation rights relating to Units, such Units for any Company purpose at any time and from time to time to such Persons for such consideration (which may be cash, property, services or any other lawful consideration) or for no consideration and on such terms and conditions as the Board of Directors shall determine, all without the approval of any Member or any other PersonMembers.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (KNOT Offshore Partners LP)
Issuances of Additional Units. (a) The Company may issue any number of Units, and options, rights, warrants and appreciation rights relating to Units, for any Company purpose at any time and from time to time to such Persons for such consideration (which may be cash, property, services or any other lawful consideration) or for no consideration and on such terms and conditions as the Board of Directors shall determine; however, all without any additional issuances shall require the approval of any Member or any other Personthe holders of Units representing the voting power of all Outstanding Voting Units, voting as a single class.
Appears in 1 contract
Samples: Operating Agreement (Targeted Medical Pharma, Inc.)
Issuances of Additional Units. (a) The At any time and from time to time the Company may issue any number of additional Units, and options, rights, warrants and appreciation rights relating to Units, the Units for any Company purpose at any time and from time to time to such Persons, and admit such Persons as members of the Company, for such consideration (which may be cash, property, services or any other lawful consideration) or for no consideration and on such terms and conditions as the Board of Directors shall determinedetermine in its sole discretion, all without the approval of any Member or any other Personthe Members.
Appears in 1 contract
