Ownership and Issuance of Units. (a) (i) Subject to the terms and conditions of this Agreement, the Company shall have the authority to issue an unlimited number of Class A Units (the “Class A Units”) for such consideration as the Board of Managers deems appropriate. Each Class A Member owns that number of Class A Units as appears next to its name on Schedule I hereto, as the same may be amended or restated from time to time.
Appears in 4 contracts
Samples: Joinder Agreement (STR Holdings, Inc.), Agreement and Plan of Merger (STR Holdings (New) LLC), Agreement and Plan of Merger (STR Holdings, Inc.)
Ownership and Issuance of Units. (a) (i) Subject to the terms and conditions of this Agreement, the Company shall have the authority to issue an unlimited number of Class A Units (the “Class A Units”) for such consideration as the Board of Managers deems appropriate. Each Class A Member owns that number of Class A Units as appears next to its name on Schedule I II hereto, as the same may be amended or restated from time to time.
Appears in 3 contracts
Samples: Contribution Agreement (STR Holdings (New) LLC), Limited Liability Company Agreement (STR Holdings LLC), Limited Liability Company Agreement (STR Holdings (New) LLC)
