Common use of Fully Paid and Non-Assessable Nature of Interests Clause in Contracts

Fully Paid and Non-Assessable Nature of Interests. All Shares issued pursuant to, and in accordance with the requirements of, this Agreement (including Section 3.3(b)) shall be validly issued and shall be deemed to be fully paid and non-assessable Shares of the Company.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (JMP Group LLC), Limited Liability Company Agreement (LIN Media LLC)

Fully Paid and Non-Assessable Nature of Interests. All Shares issued pursuant to, and in accordance with the requirements of, this Agreement (including Section 3.3(b3.2(b)) shall be validly issued and shall be deemed to be fully paid and non-assessable Shares of the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (MDB Capital Holdings, LLC)