Common use of Splits and Combinations Clause in Contracts

Splits and Combinations. (a) Subject to Section 3.2 and Article IV, and unless otherwise provided in any Share Designation, the Company may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 75 contracts

Samples: Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Arrived Debt Fund, LLC)

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Splits and Combinations. (a) Subject to Section 3.2 and Article IVIV of this OPERATING AGREEMENT, and unless otherwise provided in any Share DesignationSHARE DESIGNATION, the Company COMPANY may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders RECORD HOLDERS of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 8 contracts

Samples: Operating Agreement (Strategic Hotel Ventures, LLC), Operating Agreement (Century West Multifamily Income Reit, LLC), Operating Agreement (Anabasis Real Estate Investment Trust, LLC)

Splits and Combinations. (a) Subject to paragraph (d) of this Section 3.2 and Article IV, and unless otherwise provided in any Share DesignationSection 2.9, the Company may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event, each Member shall have the same Percentage Interest in the Company as before such event, and any amounts calculated on a per-per Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Och-Ziff Capital Management Group LLC), Limited Liability Company Agreement (Fortress Investment Group LLC), Limited Liability Company Agreement (Fortress Investment Group LLC)

Splits and Combinations. (a) Subject to Section 3.2 and Article IV, and unless otherwise provided in any Share Designation4.1(d), the Company may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event, each Member shall have the same Percentage Interest in the Company as before such event, and any amounts calculated on a per-per Share basis (including voting rights) or stated as a number of Shares are proportionately adjusted.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company (Apollo Global Management LLC), Limited Liability Company Agreement (Apollo Global Management LLC)

Splits and Combinations. (a) Subject to Section 3.2 2.2 and Article IVSection 3, and unless otherwise provided in any Share Designation, the Company may make a pro rata distribution of Shares of any class or series of Shares Share to all Record Holders Members of such class or series of SharesShare, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Jamestown Invest 1, LLC), Limited Liability Company Agreement (Jamestown Invest 1, LLC), Limited Liability Company Agreement (Jamestown Atlanta Invest 1, LLC)

Splits and Combinations. (a) Subject to Section 3.2 and Article IV, and unless otherwise provided in any Share Designation, the The Company may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event and subject to the effect of paragraph (d) below, each Member shall have the same Percentage Interest in the Company as before such event, and any amounts calculated on a per-per Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (New Fortress Energy LLC), Limited Liability Company Agreement (New Fortress Energy LLC), Limited Liability Company Agreement (New Fortress Energy LLC)

Splits and Combinations. (a) Subject to Section 3.2 and Article IV, and unless otherwise provided in any Share Designation, the Company may make a pro rata distribution of Shares of any class Class or series of Shares to all Record Holders of such class Class or series of Shares, or may effect a subdivision or combination of Shares of any class Class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Fundrise Growth Tech Fund, LLC), Limited Liability Company Agreement (Fundrise Income Real Estate Fund, LLC), Limited Liability Company Agreement (Fundrise Income Real Estate Fund, LLC)

Splits and Combinations. (a) Subject to Section 3.2 and Article IV, and unless otherwise provided in any Share Designationparagraph (d) of this Section, the Company may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event, each Member shall have the same Percentage Interest in the Company as before such event, and any amounts calculated on a per-per Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC), Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC)

Splits and Combinations. (a) Subject to Section 3.2 and Article IV, and unless otherwise provided in any Share Designation, the Company may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis for each Class and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 2 contracts

Samples: Operating Agreement (GB8 Residential LLC), Operating Agreement (FundRebel Dean, LLC)

Splits and Combinations. (a) Subject to paragraph (d) of this Section, Section 3.2 and Article IV, and unless otherwise provided in any Share Designation, the Company may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 2 contracts

Samples: Operating Agreement (Fundrise Real Estate Investment Trust, LLC), Operating Agreement (Fundrise Real Estate Investment Trust, LLC)

Splits and Combinations. (a) Subject to paragraphs (d) and (e) of this Section 3.2 and Article IV, and unless otherwise provided in any Share Designation3.7, the Company may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjustedseries.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Five Point Holdings, LLC), Limited Liability Company Agreement (Five Point Holdings, LLC)

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Splits and Combinations. (a) Subject to Section 3.2 paragraph (d) of this Section, ‎Section 3.3 and Article IV‎Section 3.4, and unless otherwise provided in any Share Designation or Series Designation, the Company may make a pro rata distribution of Shares of any class or series of Shares a Series to all Record Holders of such class or series of SharesShares of a Series, or may effect a subdivision or combination of Shares of any class or series of Sharesa Series, in each case, on an equal per-Share basis and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Etre Reit, LLC)

Splits and Combinations. (a) Subject to paragraph (c) of this Section 3.2 and Article IV, and unless otherwise provided in any Share Designation3.9, the Company may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders of such class or series of Shares, or may effect a split, subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjustedseries.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Indemnity Group, LLC)

Splits and Combinations. (a) Subject to paragraph (d) of this Section, Section 3.2 3.3 and Article IVSection 3.4, and unless otherwise provided in any Share Designation or Series Designation, the Company may make a pro rata distribution of Shares of any class or series of Shares a Series to all Record Holders of such class or series of SharesShares of a Series, or may effect a subdivision or combination of Shares of any class or series of Sharesa Series, in each case, on an equal per-Share basis and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Etre Reit, LLC)

Splits and Combinations. (a) Subject to Section 3.2 and Article IV, and unless otherwise provided in any Share Designation, the Company may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share per­Share basis and so long as, after any such event, any amounts calculated on a per-Share per­Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 1 contract

Samples: Operating Agreement

Splits and Combinations. (a) Subject to Section 3.2 and Article IV, and unless otherwise provided in any Share Designation, the Company may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-per- Share basis and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 1 contract

Samples: Operating Agreement

Splits and Combinations. (a) Subject to paragraph (d) of this Section, Section 3.2 3.3 and Article IVSection 3.4, and unless otherwise provided in any Share Designation or Series Designation, the Company may make a pro rata distribution of Shares of any class or series of Shares a Series to all Record Holders of such class or series of SharesShares of a Series, or may effect a subdivision or combination of Shares of any class or series of Sharesa Series, in each case, on an equal per-Share per‑Share basis and so long as, after any such event, any amounts calculated on a per-Share per‑Share basis or stated as a number of Shares are proportionately adjusted.

Appears in 1 contract

Samples: Limited Liability Company Agreement (ETRE Residential, LLC)

Splits and Combinations. (a) Subject to Section 3.2 and Article IVIV of this OPERATING AGREEMENT, and unless otherwise provided in any Share DesignationSHARE DESIGNATION, the Company COMPANY may make a pro rata distribution of Shares of any class or series of Shares to all Record Holders RECORD HOLDERS of such class or series of Shares, or may effect a subdivision or combination of Shares of any class or series of Shares, in each case, on an equal per-Share basis and so long as, after any such event, any amounts calculated on a per-Share basis or stated as a number of Shares are proportionately adjusted.. EXHIBIT 1A-2B / OPERATING AGREEMENT - page. 16

Appears in 1 contract

Samples: Operating Agreement (Lm Capital Real Estate Investment Trust, LLC)

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