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Document Preview Limited Liability Company Agreement |
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Title: |
Limited Liability Company Agreement |
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Entities: |
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Date: |
2008 |
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Size: |
70KB total |
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Price: |
$37 |
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ID: |
#3268219 |
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Start of Preview |
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ARTICLE I FORMATION OF THE COMPANY |
3 | ||
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Section 1.1 |
Formation of the Company. |
3 | |
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Section 1.2 |
Name |
3 | |
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Section 1.3 |
Business of the Company |
3 | |
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Section 1.4 |
Location of Principal Office of the Company |
4 | |
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Section 1.5 |
Registered Agent |
4 | |
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Section 1.6 |
Term |
4 | |
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ARTICLE II DEFINITIONS |
4 | ||
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ARTICLE III CAPITAL CONTRIBUTIONS |
6 | ||
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Section 3.1 |
Capital Contributions |
6 | |
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Section 3.2 |
No Interest Paid on Capital Contribution(s) |
7 | |
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Section 3.3 |
Withdrawal and Return of Capital Contributions |
7 | |
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ARTICLE IV ALLOCATION OF NET INCOME AND NET LOSS |
7 | ||
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Section 4.1 |
Allocation of Net Income and Net Loss |
7 | |
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Section 4.2 |
Other Allocation Provisions |
7 | |
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Section 4.3 |
Allocations for Income Tax Purposes |
8 | |
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Section 4.4 |
Withholding |
8 | |
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ARTICLE V DISTRIBUTIONS |
8 | ||
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Section 5.1 |
Distributions Generally |
8 | |
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Section 5.2 |
Limitations on Distributions. |
9 | |
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Section 5.3 |
Reserves |
9 | |
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ARTICLE VI BOOKS OF ACCOUNT; RECORDS AND REPORTS; FISCAL
YEAR |
9 | ||
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Section 6.1 |
Books and Records. |
9 | |
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Section 6.2 |
Reports |
10 | |
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Section 6.3 |
Fiscal Year |
10 | |
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ARTICLE VII POWERS, RIGHTS AND DUTIES OF THE MEMBERS |
10 | ||
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Section 7.1 |
Limitations |
10 | |
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Section 7.2 |
Liability |
10 | |
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Section 7.3 |
Priority |
10 | |
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Section 7.4 |
Restriction on Acquisition |
10 | |
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Section 7.5 |
No Limitation on Managing Member |
10 | |
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ARTICLE VIII POWERS, RIGHTS AND DUTIES OF THE MANAGING
MEMBER |
10 | ||
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Section 8.1 |
Authority, Power and Duties of the Managing Member |
10 | |
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Section 8.2 |
Company Funds |
11 | |
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Section 8.3 |
Limits on Managing Member's Powers |
11 | |
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Section 8.4 |
Tax Matters Partner |
11 | |
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Section 8.5 |
Exculpation; Modification of Duties. |
12 | |
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Section 8.6 |
Exculpation and Indemnification of the Members. |
12 | |
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Section 8.7 |
Expenses |
13 | |
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Section 8.8 |
Activities of Managing Member; Conflicts of Interest |
13 | |
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Section 8.9 |
Removal and Replacement of the Managing Member |
15 | |
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ARTICLE IX TRANSFERS |
15 | ||
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Section 9.1 |
Transfers Generally |
15 | |
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Section 9.2 |
Transfers of Interests of Members. |
15 | |
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Section 9.3 |
Consequences of Transfers. |
16 | |
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Section 9.4 |
Transferee to Succeed to Transferor's Capital Account |
16 | |
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Section 9.5 |
Additional Filings |
16 | |
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Section 9.6 |
Safe Harbor Election in Connection with Certain Transfers |
16 | |
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ARTICLE X WITHDRAWAL OF MEMBERS; TERMINATION OF THE
COMPANY; LIQUIDATION AND DISTRIBUTION OF
ASSETS |
17 | ||
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Section 10.1 |
Withdrawal of Members |
17 | |
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Section 10.2 |
Dissolution of the Company. |
17 | |
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Section 10.3 |
Distribution in Liquidation. |
18 | |
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Section 10.4 |
Final Statement of Assets and Liabilities |
19 | |
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Section 10.5 |
No Deficit Restoration Obligation |
19 | |
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Section 10.6 |
Termination of the Company |
19 | |
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ARTICLE XI ADMISSION OF ADDITIONAL MEMBERS |
19 | ||
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Section 11.1 |
Admission of Additional Members |
19 | |
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ARTICLE XII NOTICES AND VOTING |
20 | ||
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Section 12.1 |
Notices |
20 | |
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Section 12.2 |
Voting |
20 | |
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ARTICLE XIII AMENDMENT OF AGREEMENT |
20 | ||
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Section 13.1 |
Amendments. |
20 | |
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Section 13.2 |
Amendment of Certificate |
20 | |
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Section 13.3 |
Power of Attorney |
20 | |
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ARTICLE XIV MISCELLANEOUS |
21 | ||
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Section 14.1 |
Entire Agreement |
21 | |
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Section 14.2 |
Applicable Law |
21 | |
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Section 14.3 |
Effect |
22 | |
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Section 14.4 |
Survival |
22 | |
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Section 14.5 |
Pronouns and Number |
22 | |
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Section 14.6 |
Captions |
22 | |
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Section 14.7 |
Partial Enforceability |
22 | |
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Section 14.8 |
Counterparts |
22 | |
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Section 14.9 |
No Third Party Beneficiaries |
22 |
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End of Preview |
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