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Limited Liability Company Agreement

 

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Title:

Limited Liability Company Agreement

Entities:

KCS Holding Co.

Date:

2005

Size:

Preview shows 5KB of 20KB total

Price:

$35

ID:

#1911472

 

 

► Corporate ► Bus. Formation ► Limited Liability Company Agreements

 

 

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                       LIMITED LIABILITY COMPANY AGREEMENT

OF
KERRVILLE CELLULAR MANAGEMENT, LLC
A DELAWARE LIMITED LIABILITY COMPANY

THIS LIMITED LIABILITY COMPANY AGREEMENT (this "Agreement") of KERRVILLE
CELLULAR MANAGEMENT, LLC, a Delaware limited liability company (the "Company"),
is entered into and shall be effective as August 9, 2001, by and among the
Company and Kerrville Cellular, Inc. (the "Member"), as the sole member and
manager of the Company, and all other persons who hereafter become a member or
manager of the Company, all in accordance with and pursuant to the Delaware
Limited Liability Company Act, 6 Del. C. Section 18-101 et seq., as amended
(the "Act").

RECITALS

C. R. Weinheimer (the "Organizer"), acting in the capacity of "authorized
person" under the Act, caused the Company to be organized on August 9, 2001,
when the filing of a duly executed Certificate of Formation for the Company by
the Delaware Secretary of State became effective. The Member has agreed to
continue the Company under the terms and conditions of this Agreement. It is the
intention of the undersigned that the Company be disregarded for federal, state
and foreign tax purposes for so long as the Company has only one member;
provided however, the separate identity of the Company from that of the Member
shall be respected for all other purposes.

NOW, THEREFORE, in consideration of the mutual promises made herein and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto, intending to be legally bound, agree as
follows:

ARTICLE I
GENERAL PROVISIONS

1.1 Purpose. The purpose of the Company is to engage in any lawful act or
activity for which a limited liability company may be formed under the Act.

1.2 Member. The Member is the sole member of the Company and hereby
ratifies all actions heretofore taken by the Organizer in organizing the
Company.

1.3 Place of Business. The principal place of business of the Company
shall be located in the State of Delaware. The Member may change the principal
place of business of the Company to any other place and establish or close other
offices and places of business.

1.4 Duration. The existence of the Company commenced on the effective date
of the filing of the Articles of Organization of the Company and shall continue
until the Company is dissolved and its affairs are wound up in accordance with
Section 4.4 below.

1.5 Title to Property. The Company shall hold all property (real,
personal, tangible, and intangible) owned from time to time by the Company as a
result of capital contributions (as

{PAGE}

contemplated in Section 3.1 below), operations or otherwise, in the name of the
Company and not in the name of any Member.

1.6 Limited Liability. The Member shall not be bound by, or be personally
liable for, the debts, obligations or liabilities of the Company, except as, and
to the extent that, the Member expressly agrees otherwise in writing. In
furtherance of the foregoing, in no event shall the Member be liable with
respect to, or be required to contribute capital to restore, a negative or
deficit balance in the Member's capital account, if any, upon the dissolution or
liquidation of either the Company or the Member's membership interest in the
Company, or at any other time, except to the extent the Member expressly agrees
thereto in writing to the Company.

ARTICLE II
MANAGEMENT

2.1 Management. By virtue of its status as a member, the Member shall be a
manager (within the meaning of the Act) of the Company, vested with the
exclusive control of the management of the business and affairs of the Company.
All power and- authority of the Company shall be exercised by, or under the
direction and control of, the Member in a manner consistent with this Agreement
and the Act. The Member may use the title of manager when transacting business
on behalf of the Company in accordance with this Agreement.

2.2 Officers. The Member may appoint from time to time one or more
officers of the Company with such titles, powers, duties, compensation and other
terms as the Member may determine to be necessary or appropriate. Any such

 

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