Common use of Additional Units Clause in Contracts

Additional Units. The Board may issue additional Units, including Class A Units and Class B Units, to existing or new Unitholders in exchange for Capital Contributions as provided in Section 3.3(b).

Appears in 6 contracts

Sources: Limited Liability Company Agreement (U. S. Premium Beef, LLC), Limited Liability Company Agreement, Limited Liability Company Agreement (U. S. Premium Beef, LLC)

Additional Units. The Board may issue additional UnitsUnits without Member approval, including Class A Units and Class B Units, to existing or new Unitholders in exchange for Capital Contributions as provided in Section 3.3(b).

Appears in 2 contracts

Sources: Operating Agreement (Bootheel Agri-Energy LLC), Limited Liability Company Agreement (Illini Bio-Energy, LLC)

Additional Units. The Board may issue additional UnitsUnits without Member approval, including Class A Units and Class B Units, to existing or new Unitholders in exchange for Capital Contributions as provided in Section 3.3(b)) of this Agreement.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Blackhawk Biofuels, LLC), Limited Liability Company Agreement (Ozark Ethanol LLC)

Additional Units. The Board may issue additional UnitsUnits without Member approval, including Class A Units and Class B Units, to existing or new Unitholders in exchange for Capital Contributions as provided in Section 3.3(b).

Appears in 1 contract

Sources: Operating Agreement (Millennium Ethanol, LLC)