SERIES DESIGNATIONS Clause Samples

SERIES DESIGNATIONS. Pursuant to Section 18-215 of the Act, the Company designates the following series of members, managers or limited liability company interests as having separate rights, powers or duties with respect to specified property or obligations of the Company or profits and losses associated with specified property or obligations:
SERIES DESIGNATIONS. The Notes may, at the election of the Board of Directors, be in one or more series and shall be designated generally as the Senior Notes of the Company, with such further appropriate particular designation added to, or incorporated in, or eliminated from, such title, for the Notes of any particular series, as the Board of Directors may determine. Each Note shall bear upon the face thereof the designation so selected for the series to which it belongs. All Notes of any one series at any time simultaneously Outstanding shall be identical in respect of date of maturity, the place or places of payment of principal and of interest, the rate or rates of interest and dates of interest payments and the terms of required and optional prepayment or redemption, if prepayable or redeemable, the terms of convertibility, if convertible, and in respect of sinking fund and analogous provisions (if any). The Notes of each series may be issued in denominations of $1,000 and any integral multiple thereof or in such denominations as are otherwise provided for in the Supplemental Indenture authorizing the issuance thereof.