Members Units Sample Clauses
The "MEMBERS; UNITS" clause defines the structure of ownership and membership within a limited liability company (LLC). It typically specifies who the members are, how membership interests are represented (often as units or shares), and the rights or obligations attached to those units. For example, it may outline how units are issued, transferred, or valued, and whether different classes of units exist. This clause is essential for clarifying the distribution of ownership, voting rights, and profit allocations among members, thereby preventing disputes and ensuring transparent governance of the LLC.
Members Units. (a) The name and the mailing address of each Member is as set forth in the books and records of the Company.
(b) All limited liability company interests of the Members in the Company shall be denominated in units of a single class representing limited liability company interests (such units, the “Common Units” and each, a “Common Unit”). The total number of Common Units that the Company is authorized to issue shall be limited to 200,000,000. The Common Units issued to the Members shall represent the only valid and outstanding limited liability company interests of the Members in the Company, and any Common Units authorized but not issued shall not represent any portion of the limited liability company interest in the Company. As of the Effective Time, each Member holds the number of Common Units set forth in the books and records of the Company. Common Units shall not be represented by certificates.
Members Units. Units held by a Member shall for all purposes be personal property. A Member has no interest in specific Company property.
Members Units. The Members of the Company shall be listed on SCHEDULE I hereto, as from time to time amended and supplemented in accordance with the provisions of this Agreement. The Members' Interests in the Company shall be represented by up to three separate classes (each a "CLASS") of units ("UNITS"). The Interest of each of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ shall be represented by "Class A Units." The Interest of each ▇▇▇▇ Member and of each other Member (other than ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ or ▇▇▇▇ ▇▇▇▇▇▇▇▇▇) as the ▇▇▇▇ Members shall designate shall be represented by "Class B Units." The Interest of any other Member shall be represented by "Class C Units." Each Unit issued as of the Closing Date shall represent a Capital Contribution of one hundred dollars ($100). The holders of Class A Units and Class B Units shall have the voting rights specified in this Agreement. The holders of Class C Units shall not have any voting rights, except the right to vote in respect of certain proposed amendments, as more fully specified in Section 11.1. From and after the making by the Members of Capital Contributions to fund an investment other than the investment in HF Holdings to be made as of the Closing Date, the Units of the Company shall be segregated not only by Class, but also by investment so that the Units issued in respect of an investment shall represent only an interest in that investment (and the Short-Term Investments, if any, related thereto). The holders of Class A Units, Class B Units and Class C Units issued in respect of a particular investment shall be entitled to receive the Distributions and allocations of Net Profit and Net Loss (and other items treated as Net Profit and Net Loss pursuant to Sections 3.4 and 3.5) in respect of such investment as are specified in Article 5. For the sake of clarity, the Units issued in respect of the investment in HF Holdings on the Closing Date shall be designated the "HF Class A Units", the "HF Class B Units" and the "HF Class C Units."
Members Units. CAPITALIZATION Section
Members Units. Interests in the Company shall be represented by 10,000 units (the “Units”). Fractional Units may be issued. Each Unit shall represent an equivalent economic interest in the Company. The names and addresses of the Members and the Units allocated to each Member immediately following the Distribution are set forth on Schedule A, which shall be amended following each Operations Period (as defined in Section 4.4(b)) and upon the redemption, purchase, transfer or assignment of Units in accordance with Article IX.
Members Units. (a) Limited Liability Company Interests. Interests in the Company shall be represented by Units, or such other Equity Securities in the Company, or such other Company securities, in each case as the Managing Member may establish in its sole discretion in accordance with the terms hereof. As of the Effective Date, the Units are comprised of four Classes: “Class A Units,” “Class B Units,” “Class C Units,” and “Class D Units.”
Members Units. The sole member of the Company as of the date hereof is the Managing Member, whose business address is Altus Power, Inc., ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 1250, Dallas, TX 75201. The Managing Member was admitted to the Company as a member of the Company upon its execution of a counterpart to this Agreement. The limited liability company interests in the Company shall be represented by membership units (the “Membership Units”) and the total number of Membership Units which the Company shall have authority to issue is 1,000. Each Membership Unit shall represent an equal unit of limited liability company interest in the Company. The number of Membership Units held by the Managing Member as of the date hereof is set forth on Schedule B hereto. The Managing Member shall amend and revise Schedule B from time to time to properly reflect any changes to the information included therein.
Members Units