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Atel Capital Equipment Fund X LLC – ‘10-K’ for 12/31/20 – ‘EX-4.1’

On:  Tuesday, 3/30/21, at 6:48am ET   ·   For:  12/31/20   ·   Accession #:  1558370-21-3674   ·   File #:  0-50687

Previous ‘10-K’:  ‘10-K’ on 3/26/20 for 12/31/19   ·   Latest ‘10-K’:  This Filing   ·   1 Reference:  To:  Atel Capital Equipment Fund X LLC – ‘424B3’ on 3/28/03

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/30/21  Atel Capital Equipment Fund X LLC 10-K       12/31/20   60:4.6M                                   Toppan Merrill Bridge/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    402K 
 2: EX-4.1      Instrument Defining the Rights of Security Holders  HTML     20K 
 3: EX-14.1     Code of Ethics                                      HTML     26K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     23K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     23K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     20K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     20K 
14: R1          Document and Entity Information                     HTML     53K 
15: R2          Balance Sheets                                      HTML     59K 
16: R3          Statements of Income                                HTML     78K 
17: R4          Statements of Changes in Members' Capital           HTML     35K 
18: R5          Statements of Changes in Members' Capital           HTML     20K 
                (Parenthetical)                                                  
19: R6          Statements of Cash Flows                            HTML     82K 
20: R7          Organization and Limited Liability Company Matters  HTML     25K 
21: R8          Summary of Significant Accounting Policies          HTML    141K 
22: R9          Concentration of Credit Risk and Major Customers    HTML     58K 
23: R10         Equipment Under Operating Leases, Net               HTML    145K 
24: R11         Allowance for Credit Losses                         HTML     31K 
25: R12         Related Party Transactions                          HTML     37K 
26: R13         Commitments                                         HTML     20K 
27: R14         Guarantees                                          HTML     21K 
28: R15         Members' Capital                                    HTML     35K 
29: R16         Fair Value Measurements                             HTML     84K 
30: R17         Global Health Emergency                             HTML     21K 
31: R18         Summary of Significant Accounting Policies          HTML    174K 
                (Policy)                                                         
32: R19         Summary of Significant Accounting Policies          HTML    116K 
                (Tables)                                                         
33: R20         Concentration of Credit Risk and Major Customers    HTML     60K 
                (Tables)                                                         
34: R21         Equipment Under Operating Leases, Net (Tables)      HTML    147K 
35: R22         Allowance for Credit Losses (Tables)                HTML     29K 
36: R23         Related Party Transactions (Tables)                 HTML     33K 
37: R24         Members' Capital (Tables)                           HTML     33K 
38: R25         Fair Value Measurements (Tables)                    HTML     73K 
39: R26         Organization and Limited Liability Company Matters  HTML     47K 
                (Narrative) (Details)                                            
40: R27         Summary of Significant Accounting Policies          HTML     57K 
                (Narrative) (Details)                                            
41: R28         Summary of Significant Accounting Policies          HTML     39K 
                (Summary of Geographic Information Relating to                   
                Sources, by Nation, of Partnership's Total Revenue               
                and Long-Lived Assets) (Details)                                 
42: R29         Summary of Significant Accounting Policies          HTML     24K 
                (Schedule of Differences Between Book Value and                  
                Tax Basis of Net Assets) (Details)                               
43: R30         Summary of Significant Accounting Policies          HTML     32K 
                (Reconciliation of Net Income Loss Reported in                   
                Financial Statements and Federal Tax Return)                     
                (Details)                                                        
44: R31         Concentration of Credit Risk and Major Customers    HTML     39K 
                (Schedule of Leasing and Lending Revenues)                       
                (Details)                                                        
45: R32         Equipment Under Operating Leases, Net (Narrative)   HTML     34K 
                (Details)                                                        
46: R33         Equipment Under Operating Leases, Net (Investment   HTML     33K 
                in Leases) (Details)                                             
47: R34         Equipment Under Operating Leases, Net (Property on  HTML     49K 
                Operating Leases) (Details)                                      
48: R35         Equipment Under Operating Leases, Net (Future       HTML     33K 
                Minimum Lease Payments Receivable) (Details)                     
49: R36         Equipment Under Operating Leases, Net (Schedule of  HTML     39K 
                Useful Lives of Assets) (Details)                                
50: R37         Allowance for Credit Losses (Narrative) (Details)   HTML     23K 
51: R38         Allowance for Credit Losses (Activity in Allowance  HTML     26K 
                for Credit Losses) (Details)                                     
52: R39         Related Party Transactions (AFS and/or Affiliates   HTML     25K 
                Earned Commissions and Billed for Reimbursements                 
                Pursuant to Operating Agreement (Details)                        
53: R40         Commitments (Narrative) (Details)                   HTML     19K 
54: R41         Members' Capital (Narrative) (Details)              HTML     37K 
55: R42         Members' Capital (Distributions to Other Members)   HTML     29K 
                (Details)                                                        
56: R43         Fair Value Measurements (Narrative) (Details)       HTML     20K 
57: R44         Fair Value Measurements (Estimated Fair Values of   HTML     24K 
                Financial Instruments) (Details)                                 
59: XML         IDEA XML File -- Filing Summary                      XML    105K 
58: EXCEL       IDEA Workbook of Financial Reports                  XLSX     66K 
 8: EX-101.INS  XBRL Instance -- atel-20201231                       XML   1.28M 
10: EX-101.CAL  XBRL Calculations -- atel-20201231_cal               XML    123K 
11: EX-101.DEF  XBRL Definitions -- atel-20201231_def                XML    290K 
12: EX-101.LAB  XBRL Labels -- atel-20201231_lab                     XML    642K 
13: EX-101.PRE  XBRL Presentations -- atel-20201231_pre              XML    528K 
 9: EX-101.SCH  XBRL Schema -- atel-20201231                         XSD    128K 
60: ZIP         XBRL Zipped Folder -- 0001558370-21-003674-xbrl      Zip    102K 


‘EX-4.1’   —   Instrument Defining the Rights of Security Holders


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Exhibit 4.1

DESCRIPTION OF COMPANY MEMBERSHIP INTEREST (“UNITS”)

Fast Act Exhibit 4(vi) “Description of registrant’s securities”

Summary

The following description summarizes certain important terms of ATEL Capital Equipment Fund X, LLC’s (the “Company”) membership interests (the “Units”). This description summarizes the provisions that are included in the Company’s Amended and Restated Limited Liability Company Operating Agreement (the “Operating Agreement”). This summary will not provide all the information relevant to the Units. For a complete description of the Units, please refer to the applicable provisions of Company’s Operating Agreement and relevant California governing law.

Outstanding Units

13,971,486 Units have been subscribed by the members of the Company as of December 31, 2020.

General

Liquidity. The Units were offered and sold pursuant to registration under the Securities Act of 1933, and subsequently registered under the Securities Exchange Act of 1934.  However, the Units are subject to significant restriction on transferability in order to preserve the tax characterization of the Company and tax consequences for Unit holders.  Accordingly, the Units are not traded on any securities exchange and have limited liquidity.  Please review the rights of Unit holders for transfer of shares under the Operating Agreement.

Voting Rights. The holders of Units are entitled to one vote per share on any matter to be voted upon by holders of Units in the Company’s Operating Agreement. Certain rights may only be exercised upon receiving at least a majority of the votes entitled to be cast by Unit holders

Distributions. The holders of Units are entitled to distributions on a pro rata basis, if, as, and when distributed by the Manager.

Other Rights. No holder of Units has any priority or preemptive right as to the Units.

Dissolution and Winding Up. Upon any voluntary or involuntary liquidation, dissolution, or winding up of the Company, the Unit holders are entitled to share ratably in all assets remaining after payment of creditors.

Transfer Agent and Registrar. The transfer agent and registrar of the Units is Conduent Inc.



Dates Referenced Herein

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/30/21None on these Dates
For Period end:12/31/20
 List all Filings 


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/28/03  Atel Capital Equipment Fund X LLC 424B3                  1:603K                                   Law Offic… Dannhauser/FA
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Filing Submission 0001558370-21-003674   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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