Unit Ownership Ledger. The Company shall create and maintain a ledger (the “Unit Ownership Ledger”) setting forth: (i) the name, address and contact information of each Unitholder; (ii) the number of each class of Units held by each such Unitholder; and (iii) the amount of the Capital Contribution made for each class of Units held by such Unitholder. The initial Unit Ownership Ledger is attached as Exhibit A to this Agreement. Upon any change in the number or ownership of outstanding Units (whether upon an issuance of Units, a transfer of Units, a cancellation of Units or otherwise), the Company shall amend and update the Unit Ownership Ledger. A Person that acquires Units from another Member in a Transfer permitted by this Agreement shall be deemed to have made the Capital Contributions in respect of such Units that the predecessor Member made or was deemed to have made. Any reference in this Agreement to a Distribution to a Person shall include any Distributions previously made to the former Member on account of the interest of such former Member transferred to such Person. Absent manifest error, the ownership interests recorded on the Unit Ownership Ledger shall be conclusive record of the Units that have been issued and are outstanding. The Board may provide 15 any Unitholder with the Unit Ownership Ledger in summary form and may omit the amount of Capital Contributions made by and Units held by each other Unitholder.
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Sources: Limited Liability Company Agreement
Unit Ownership Ledger. The Company shall create and maintain a ledger (the “Unit Ownership Ledger”) setting forth: (i) the name, address and contact information of each Unitholder; (ii) the number of each class of Units held by each such Unitholder; and (iii) the amount of the Capital Contribution made for each class of Units held by such Unitholder. The initial Unit Ownership Ledger is attached as Exhibit A to this Agreement. Upon any change in the number or ownership of outstanding Units (whether upon an issuance of Units, a transfer of Units, a cancellation of Units or otherwise), the Company shall amend and update the Unit Ownership Ledger. A Person that acquires Units from another Member in a Transfer permitted by this Agreement shall be deemed to have made the Capital Contributions in respect of such Units that the predecessor Member made or was deemed to have made. Any reference in this Agreement to a Distribution to a Person shall include any Distributions previously made to the former Member on account of the interest of such former Member transferred to such Person. Absent manifest error, the ownership interests recorded on the Unit Ownership Ledger shall be conclusive record of the Units that have been issued and are outstanding. The Board may provide 15 any Unitholder with the Unit Ownership Ledger in summary form and may omit the amount of Capital Contributions made by and Units held by each other Unitholder.
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