Common use of Shares; Membership Interests Clause in Contracts

Shares; Membership Interests. (a) Unless otherwise provided in the applicable Series Designation, the Company is authorized to issue in respect of each Series an unlimited number of membership interests subject to Section 2.09(b), which shall be denominated as set forth in Section 2.09(b). All Shares (as defined below) issued pursuant to, and in accordance with the requirements of this Agreement shall be validly issued membership interest in the applicable Series and in the Company, except to the extent otherwise provided in the Delaware Act or this Agreement (including any Series Designation). Any Member holding Shares of a Series shall be deemed a Member of such Series and of the Company to the extent set forth herein and in the Delaware Act.

Shares; Membership Interests. (a) Unless otherwise provided in the applicable Series DesignationAgreement, the Company is authorized to issue in respect of each Series an unlimited number of membership interests subject to Section 2.09(b2.04(b), which shall be denominated in each Series Agreement as set forth in Section 2.09(b2.04(b). All Shares (as defined below) issued pursuant to, and in accordance with the requirements of this Agreement shall be validly issued membership interest in the applicable Series and in the Company, except to the extent otherwise provided in the Delaware Act or Act, this Agreement (including any and the applicable Series Designation)Agreement. Any Member holding Shares of a Series shall be deemed a Member of such Series and of the Company to the extent set forth herein and in the Delaware Act.