Common use of Common Units Clause in Contracts

Common Units. The Common Units shall have such rights to allocations and distributions as may be authorized and set forth under this Agreement. All Common Units shall be identical with each other in every respect and shall vote together with the Incentive Units as a single class on any matter whatsoever, other than to the extent expressly set forth in Section 5.1(f)(ii) or Section 14.1.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Springleaf Holdings, Inc.), Limited Liability Company Agreement (Springleaf Holdings, LLC)

Common Units. The Common Units shall have such rights to allocations and distributions Distributions as may be authorized and set forth under this Agreement. All The relative rights, powers, preferences, duties, liabilities and obligations of holders of the Common Units shall be identical with each other as set forth herein. Each holder of Common Units shall be entitled to vote, in every respect and shall vote together person or by proxy, on a pro rata basis in accordance with the Incentive Units Voting Percentage for each Member as a single class of the applicable date and time on any matter whatsoever, other than all matters upon which Members have the right to the extent expressly vote as set forth in Section 5.1(f)(ii) or Section 14.1this Agreement and provided under the Act.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Real Brokerage Inc), Securities Subscription Agreement (Real Brokerage Inc)

Common Units. The Common Units shall have such rights to allocations and distributions as may be authorized and set forth under this Agreement. All The relative rights, powers, preferences, duties, liabilities and obligations of holders of the Common Units shall be identical with each other as set forth herein. Each holder of Common Units shall be entitled to vote, in every respect and shall vote together person or by proxy, on a pro rata basis in accordance with the Incentive relative ownership of Common Units for each Member as a single class of the applicable date and time on any matter whatsoever, other than all matters upon which Members have the right to the extent expressly vote as set forth in Section 5.1(f)(ii) or Section 14.1this Agreement and provided under the Act.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (American Healthcare REIT, Inc.), Limited Liability Company Agreement (Griffin-American Healthcare REIT III, Inc.)

Common Units. The All Common Units shall have such the same rights, powers, and duties. The voting, distribution, and liquidation rights to allocations and distributions as may be authorized and set forth under this Agreement. All of the holders of Common Units shall be identical with each other in every respect are subject to and shall vote together with qualified by the Incentive rights of holders of the Preferred Units as a single class on any matter whatsoever, other than to the extent expressly set forth in Section 5.1(f)(ii) or Section 14.1this Agreement.

Appears in 1 contract

Sources: LLC Interest Purchase Agreement (Mister Goody, Inc.)

Common Units. The Except as otherwise provided by applicable law or in this Agreement (including Section 3.06), the holders of Common Units shall have such rights the right to allocations and distributions as may vote on all issues presented to the Unitholders of the Company. Each Common Unit entitled to vote shall be authorized and set forth under this Agreemententitled to one (1) vote. All Common Units shall be identical with each subject to the restrictions on Transfer set forth herein and have the other in every respect rights, privileges, preferences and shall vote together with the Incentive limitations of Common Units as a single class on any matter whatsoever, other than to the extent expressly set forth in Section 5.1(f)(ii) or Section 14.1provided herein.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Cempra Holdings, LLC)