Class E Units. The Board of Managers is hereby expressly authorized to provide for, and issue, one or more series of Class E Units and, with respect to each such series, establish the Applicable Series E Conversion Price. Concurrently with the authorization of such series of Class E Units, a member of the Board of Managers, or the Company’s general counsel, shall execute a “Series E Designation Certificate” (substantially in the form attached hereto as Exhibit C), which certificate will confirm the (i) establishment by the Board of Managers of a series of Class E Units to be issued and (ii) establish the Applicable Series E Conversion Price for such series of Class E Units. Each Class E Unit, regardless of series, shall have the following rights only:
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Kadmon Holdings, LLC), Limited Liability Company Agreement (Kadmon Holdings, LLC)