Ownership Interests of the Company Clause Samples
The "Ownership Interests of the Company" clause defines how ownership in the company is structured and allocated among its members or shareholders. It typically outlines the types of ownership interests available, such as shares or membership units, and specifies how these interests are issued, transferred, or recorded. For example, it may detail the process for admitting new owners or the rights attached to different classes of ownership. This clause is essential for establishing clear rules regarding who holds equity in the company and how those interests can change, thereby preventing disputes and ensuring transparency in ownership matters.
Ownership Interests of the Company. Prior to giving effect to the Restated Organizational Documents and the Closing, the Sellers are the sole members of the Company, and the capitalization of the Company is set forth in Section 5.1 of the Sellers’ Disclosure Letter, with such ownership interests owned beneficially and of record by the Persons set forth in such Section, in the amounts set forth in such Section, free and clear of any Claims other than the restrictions imposed pursuant to this Agreement and the Existing Organizational Documents. All outstanding ownership interests in the Company have been duly authorized and issued under the Existing Organizational Documents and, after giving effect to the effectiveness of the Restated Organizational Documents, the Restated Organizational Documents.
Ownership Interests of the Company. Prior to giving effect to the Amended LLC Agreement and the Closing, the Sellers are the sole members of the Company, and the capitalization of the Company is set forth in Section 5.1 of the Company Disclosure Letter, with such ownership interests owned beneficially and of record by the Persons set forth in such Section, in the amounts set forth in such Section, free and clear of any Claims other than the restrictions imposed pursuant to this Agreement, the Existing LLC Agreement, the Securities Act or applicable state securities laws. All outstanding ownership interests in the Company have been duly authorized and issued under the Existing LLC Agreement and, after giving effect to the effectiveness of the Amended LLC Agreement, the Amended LLC Agreement.
Ownership Interests of the Company. Prior to giving effect to the Restated Organizational Documents and the Closing, the Seller is the sole member of the Company, and the capitalization of the Company is set forth in Section 5.1 of the Company Disclosure Letter, with such ownership interest owned beneficially and of record as set forth in such Section, free and clear of any Claims other than the Permitted Claims listed in Section 5.1 of the Company Disclosure Letter. All outstanding ownership interests in the Company have been duly authorized and issued under the Existing Organizational Documents.
Ownership Interests of the Company. Prior to giving effect to the Restated Organizational Documents and the Closing, the Seller is the sole member of the Company, and the capitalization of the Company is set forth in Section 5.1 of the Company Disclosure Letter, free and clear of any Claims other than the restrictions imposed pursuant to this Agreement and the Existing Organizational Documents. All outstanding ownership interests in the Company have been duly authorized and issued under the Existing Organizational Documents and, after giving effect to the effectiveness of the Restated Organizational Documents, all ownership interests to exist thereunder at the time of the Closing will have been authorized and issued under the Restated Organizational Documents.
Ownership Interests of the Company. Prior to giving effect to the Restated Organizational Documents and the Closing, the Sellers are the sole members of the Company, and the capitalization of the Company is set forth in Section 5.1 of the Company Disclosure Letter, with such ownership interests owned beneficially and of record by the Persons set forth in such Section, in the amounts set forth in such Section, free and clear of (x) any Claims other than the Permitted Claims listed in Section 5.1 of the Company Disclosure Letter and (y) any Action other than the Pending Action listed in Section 5.1 of the Company Disclosure Letter. All outstanding ownership interests in the Company have been duly authorized and issued under the Existing Organizational Documents and, after giving effect to the effectiveness of the applicable Restated Organizational Documents, the applicable Restated Organizational Documents.