Member Units Clause Samples
The 'Member Units' clause defines the specific units or interests that each member holds within an organization, such as an LLC. It typically outlines how these units are allocated, transferred, or adjusted, and may specify the rights and obligations attached to each unit, such as voting power or profit sharing. By clearly delineating ownership stakes and associated rights, this clause ensures transparency among members and helps prevent disputes regarding control and financial entitlements.
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Member Units. Each Member’s interest in the Company, including such Member’s interest in income, gains, losses, deductions and expenses of the Company and the right to vote on certain matters as provided in this Agreement, shall be represented by the Units owned by such Member.
Member Units. Each Member's interest in the Company, including such ------------ Member's interest, if any, in the capital, income, gains, losses, deductions and expenses of the Company and the right to vote, if any, on certain Company matters as provided in this Agreement, shall be represented by "Units" (each, ----- individually, a "Unit" and any number of Units, including fractions thereof, ---- "Units"). Initially, the Units shall be comprised of "Investor Units," ----- -------------- "Preferred Units," "Class A Management Units," "Class R Management Units," and --------------- ------------------------ ------------------------ "Class B Management Units." The ownership by a Member of "Investor Units," ------------------------ -------------- "Preferred Units," "Class A Management Units," "Class R Management Units," and --------------- ------------------------ ------------------------ "Class B Management Units" shall entitle such Member to allocations of Profits ------------------------ and Losses and other items and distributions of cash and other property with respects to such Units as set forth in Article V hereof. Ownership of a Unit by --------- a Member shall entitle such Member to one (1) vote on any matter voted on by all Members as provided in this Agreement and/or as required by applicable law. The Managing Member may cause the Company to issue to a Member certificates representing Units held by such Member."
Member Units. Issuance of Additional Units and Interests; Admission of New Members; Additional Capital Contributions....................................................................11 3.6 Representations, Warranties and Agreements of the Members................................12 3.7
Member Units. Each Member's interest in the Company, including such ------------ Member's interest, if any, in the capital, income, gains, losses, deductions and expenses of the Company and the right to vote, if any, on certain Company matters as provided in this Agreement, shall be represented by "Units" (each, ----- individually, a "Unit," and any number of Units, including fractions thereof, ---- "Units"). Initially, the Units shall be comprised of "Investor Units," ----- -------------- "Preferred Units," "Class A Management Units" and "Class B Management Units." --------------- ------------------------ ------------------------ The ownership by a Member of "Investor Units," "Preferred Units," "Class A -------------- --------------- ------- Management Units" and "Class B Management Units" shall entitle such Member to ---------------- ------------------------ allocations of Profits and Losses and other items and distributions of cash and other property with respect to such Units as set forth in Article V hereof. --------- Ownership of a Unit by a Member shall entitle such Member to one vote on any matter voted on by all Members as provided in this Agreement and/or as required by applicable law. The Managing Member may cause the Company to issue to a Member certificates representing the Units held by such Member.
Member Units. Each Member holds the number of Units set forth opposite such Member’s name on Schedule A.
Member Units. The interests of the Members in the Company shall be represented by issued and outstanding Units, which may be certificated. The Company is authorized to issue one (1) class of Units only. The Members shall have no interest in the Company other than the interests conferred by this Agreement and represented by the Units. The Board of the Company shall maintain a schedule of all Members from time to time, their respective mailing addresses, and the Units held by them.
Member Units. Each Member's interest in the Company, including such Member's interest, if any, in the capital, income, gains, losses, deductions and expenses of the Company and the right to vote, if any, on certain Company matters as provided in this Agreement, shall be represented by "UNITS" (each, individually, a "UNIT," and any number of Units, including fractions thereof, "UNITS"). As of the date hereof, the Units are comprised of "CLASS A INVESTOR UNITS," "CLASS B INVESTOR UNITS," "CLASS C INVESTOR UNITS," "PREFERRED UNITS," "CLASS A MANAGEMENT UNITS," "CLASS B MANAGEMENT UNITS" and "CLASS R MANAGEMENT UNITS". The ownership by a Member of any Class A Investor Units, Class B Investor Units, Class C Investor Units, Preferred Units, Class A Management Units, Class B Management Units and/or Class R Management Units shall entitle such Member to allocations of Profits and Losses and other items and distributions of cash and other property with respect to such Units as set forth in ARTICLE V hereof. Ownership of a Unit by a Member shall entitle such Member to one (1) vote on any matter voted on by all Members as provided in this Agreement and/or as required by applicable law. The Managing Member may cause the Company to issue to a Member certificates representing the Units held by such Member.
Member Units. Each Member’s interest in the Company, including such Member’s interest in income, gains, losses, deductions and expenses of the Company and the right to vote on certain matters as provided in this Agreement, shall be represented by the Units owned by such Member. Notwithstanding anything to the contrary contained herein, upon the occurrence and during the continuance of an Event of Default (as such term is used in the Pledge Agreement) and subject in all respects to the terms and conditions of the Pledge Agreement, the Collateral Agent shall have the right to vote the Units of NRG Repowering.
Member Units. (a) Each Member’s interest in the Company, including such Member’s interest, if any, in the capital, income, gains, losses, deductions and expenses of the Company and the right to vote, if any, on certain Company matters as provided in this Agreement, shall be represented by “Units” (each, individually, a “Unit,” and any number of Units, including fractions thereof, “Units”). Initially, the Units shall be comprised of “Class A Common Units,” “Class B Common Units,” “Class C Common Units,” and “Class D Common Units”, “Class E Units” and “Preferred Units”. The Managers may cause the Company to issue to each Member certificates representing the Units held by such Member.
Member Units. Make any decision or take any action relating to the redemption or other disposition of any Member Units (or action having a comparable effect on Holdings’ direct or indirect interest in the ERP DownREITs or AVB DownREIT), whether directly by the Subsidiary Entity holding such Member Units or indirectly through voting by the Company of its equity interest in such Subsidiary Entity, other than any distribution of Member Units to the applicable Member upon liquidation of the Company in accordance with this Agreement or distributions in redemption in accordance with Section 10.4.