Raising Additional Capital. Additional capital may be raised by the LLC through sales of new LLC Units pursuant to an affirmative Supermajority Vote in interest of LLC Members, see Section 5.2 above. Any Member resolution authorizing the raising of additional capital through the sale of LLC Units shall state, in reasonable detail, the purposes and uses of such additional capital and the amounts of additional capital required.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Raising Additional Capital. Additional capital may be raised by the LLC through sales of new LLC Units pursuant to an affirmative Supermajority Vote in interest Interest of LLC Membersmembers, see Section 5.2 3.5(c) above. Any Member resolution authorizing the raising of additional capital through the sale of LLC Units shall state, in reasonable detail, the purposes and uses of such additional capital and the amounts of additional capital required.
Appears in 1 contract
Samples: Operating Agreement
Raising Additional Capital. Additional capital may be raised by the LLC through sales of new LLC Units pursuant to an affirmative Supermajority majority Vote in interest of LLC Members, see Section 5.2 above. Any Member resolution authorizing the raising of additional capital through the sale of LLC Units shall state, in reasonable detail, the purposes and uses of such additional capital and the amounts of additional capital required.
Appears in 1 contract
Samples: Operating Agreement (GDT TEK, Inc.)
Raising Additional Capital. Additional capital may be raised by the LLC through sales of new LLC Units pursuant to an affirmative Supermajority Vote at the election of the Board of Directors. The Directors shall determine, as permitted in interest this Operating Agreement, the voting and other rights, terms and conditions of LLC Members, see Section 5.2 above. Any Member resolution authorizing the raising of additional capital through the sale of all such LLC Units shall stateand any options, warrants or other rights to acquire LLC Units issued in reasonable detail, the purposes and uses of such additional capital and the amounts of additional capital requiredconnection therewith.
Appears in 1 contract
Samples: Operating Agreement (ADial Pharmaceuticals, L.L.C.)
Raising Additional Capital. Additional capital may be raised by the LLC through sales of new LLC Units pursuant to an affirmative Supermajority Vote as defined in interest Article I of LLC Membersthis agreement and with particular reference to Section 3.5(f), see Section 5.2 above. Any Member resolution authorizing the raising of additional capital through the sale of LLC Units shall state, in reasonable detail, the purposes and uses of such additional capital and the amounts of additional capital required.
Appears in 1 contract
Samples: Operating Agreement