Common use of Other Preferred Units Clause in Contracts

Other Preferred Units. The Company hereby authorizes the issuance of other Preferred Units, none of which are outstanding as of the date hereof. With respect to such Preferred Units, the Board is authorized, subject to limitations prescribed by law, to provide for the issuance of such Preferred Units in series, and by adopting a "Certificate of Designation" (a "Certificate of Designation") (which Certificate of Designation shall thereafter be attached as Exhibit B hereto), to establish the number of Preferred Units to be included in each such series, and to fix the relative rights, obligations, preferences and limitations of the Preferred Units of each such series.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Muzak Holdings Finance Corp)

Other Preferred Units. The Company hereby authorizes --------------------- the issuance of other Preferred Units, none of which are outstanding as of the date hereof. With respect to such Preferred Units, the Board is authorized, subject to limitations prescribed by law, to provide for the issuance of such Preferred Units in series, and by adopting a "Certificate of Designation" (a "Certificate of Designation") (which -------------------------- Certificate of Designation shall thereafter be attached as Exhibit B -------- hereto), to establish the number of Preferred Units to be included in each such series, and to fix the relative rights, obligations, preferences and limitations of the Preferred Units of each such series.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Muzak Finance Corp)