Issuance of LLC Interests. In consideration of and subject to the consummation of the transactions set forth in this Article I, LLC shall issue to Factiva 100 units of LLC (the “LLC Units”), which LLC Units will represent 100% of the outstanding LLC Units and which will have the terms set forth in the limited liability agreement of LLC in the form attached as Exhibit B hereto (the “LLC Agreement”).
Appears in 2 contracts
Sources: Formation and Contribution Agreement, Formation and Contribution Agreement (Dow Jones & Co Inc)