Common use of Issuance of Additional Equity Securities Clause in Contracts

Issuance of Additional Equity Securities. Subject to compliance with Section 3.1(c), the Board shall have the right and power to authorize and cause the Company to create or issue additional Units or other Equity Securities, and, in such event, the right and power to amend this Agreement or the Schedule of Unitholders to reflect such additional issuances and dilution and, subject to Section 14.2, to make any such other amendments as it deems necessary or desirable to reflect such additional issuances (including amending this Agreement to create and authorize a new class, group or series of Equity Securities and to add the terms of such new class, group or series, including economic and governance rights which may be different from, senior to or more favorable than the other existing Equity Securities), in each case without the approval or consent of any other Person. Any Person who acquires Equity Securities may be admitted to the Company as a Member pursuant to the terms of Section 10.2. In connection with any issuance of Equity Securities, the Person who acquires such Equity Securities shall execute a counterpart or an acceptable joinder to this Agreement, accepting and agreeing to be bound by all terms and conditions hereof, and shall enter into such Equity Agreements and other documents, instruments and agreements to effect such purchase as are required by the Board. Each Person who acquires Equity Securities shall, in exchange for such Equity Securities, make a Capital Contribution to the Company in an amount to be determined by the Board in its sole discretion.