Unit Ledger Clause Samples

Unit Ledger. The Company shall maintain, through the office of its Secretary, a Unit ledger and transfer registry to record all issuances and permitted Transfers of Units; provided, to maintain the confidentiality of the terms on which Incentive Units, Options and Option Units are granted (including the identities of the grantees), the ledger and transfer registry for Incentive Units and Option Units shall be maintained by the Board rather than the Secretary, and such Incentive Unit and Option Unit ledger and transfer registry shall not be available for inspection by any Person (other than Directors) unless approved by the Board.

Unit Ledger. The Board shall prepare, amend, and supplement a Unit Ledger without approval of the Members that states the Unitholders and the Class and number of Units held by each Unitholder, the Capital Contribution of the Unitholder, and those Unitholders who are Members of each Class.

Unit Ledger. The Company shall maintain, at its principal office in Maryland or at such other office or agency of the Company as may be designated by the Board of Managers, an original or duplicate Unit ledger containing the names and addresses of all Members and the number of Units held by each Member.

Unit Ledger. The Company shall maintain, through the office of its Secretary, a Unit ledger and transfer registry to record the record holders of Units and the number and all issuances and Permitted Transfers of Units. The Company will update Schedule 1 as Units are issued, forfeited or transferred from time to time. No modification to Schedule 1 for the foregoing reasons shall require the consent or approval of any Member.

Unit Ledger. The Company shall create and maintain a ledger (the "Unit Ledger") setting forth at least: (i) the name of each Unitholder, (ii) the number of Units of each class of Units held by each such Unitholder, (iii) if any Units of a class held by a Unitholder have a Participation Threshold applicable to such Units, such Participation Threshold, (iv) if any Units of a class held by a Unitholder have been designated as Special Capital Incentive Units, such designation and the Special Capital Incentive Unit Base Amount, and (v) the amount of the Capital Contribution made for each class of Units held by such Unitholder. Upon any change in the number or ownership of outstanding Units (whether upon an issuance of Units, a transfer of Units, a cancellation of Units or otherwise), the Company shall amend and update the Unit Ledger. Absent manifest error, the ownership interests recorded on the Unit Ledger shall be conclusive record of the Units that have been issued and are outstanding. A true and correct copy of the Unit Ledger, as of the date hereof, shall be attached as Annex A upon the Closing, which shall reflect the conversion contemplated by Section 3.17.

Unit Ledger. The Company shall create and maintain a ledger (the “Unit Ledger”) setting forth: (a) the name of each Unitholder, (b) the number of Units of each class of Units held by each such Unitholder, and (c) the amount of the Capital Contribution made or deemed to have been made for each class of Units held by such Unitholder, which for Class A Units shall initially be $1,000.00 per Class A Unit and for Class S Units shall initially be $1,000.00 per Class S Unit. Upon any change in the number or ownership of outstanding Units (whether upon an issuance of Units, a Transfer of Units, a cancellation of Units or otherwise), the Company shall use its commercially reasonable efforts to amend and update the Unit Ledger reasonably promptly thereafter. Absent manifest error, the ownership interests recorded on the Unit Ledger shall be conclusive record of the Units that have been issued and are outstanding.