Ownership and Capital Contributions Capital Accounts. 17 Section 4.1 Authorized Units; General Provisions With Respect to Xxxxx 00 Xxxxxxx 4.2 Voting Rights 21 Section 4.3 Capital Contributions; Unit Ownership 21 Section 4.4 Capital Accounts 22 Section 4.5 Other Matters 22 Section 4.6 Redemption of Units 23 ARTICLE V ALLOCATIONS OF PROFITS AND LOSSES 28 Section 5.1 Profits and Losses 28 Section 5.2 Special Allocations 29 Section 5.3 Allocations for Tax Purposes in General 31 Section 5.4 Other Allocation Rules 32 ARTICLE VI DISTRIBUTIONS 32 Section 6.1 Distributions 32 Section 6.2 Tax-Related Distributions 33 Section 6.3 Distribution Upon Withdrawal 33 Section 6.4 Issuance of Additional Equity Securities 33 ARTICLE VII MANAGEMENT 34 Section 7.1 The Managing Member; Fiduciary Duties 34 Section 7.2 Officers 34 Section 7.3 Warranted Reliance by Officers on Others 35 Section 7.4 Indemnification 36 Section 7.5 Maintenance of Insurance or Other Financial Arrangements 36 Section 7.6 Resignation or Termination of Managing Member 37 Section 7.7 No Inconsistent Obligations 37 Section 7.8 Reclassification Events of PubCo 37 Section 7.9 Certain Costs and Expenses 38 ARTICLE VIII ROLE OF MEMBERS 39 Section 8.1 Rights or Powers 39 Section 8.2 Voting 39 Section 8.3 Various Capacities 40 Section 8.4 Investment Opportunities 40 ARTICLE IX TRANSFERS OF INTERESTS 40 Section 9.1 Restrictions on Transfer 40 Section 9.2 Notice of Transfer 42 Section 9.3 Transferee Members 42 Section 9.4 Legend 43 ARTICLE X ACCOUNTING; CERTAIN TAX MATTERS 43 Section 10.1 Books of Account 43 Section 10.2 Tax Elections 43 Section 10.3 Tax Returns; Information 44 Section 10.4 Company Representative 44 Section 10.5 Withholding Tax Payments and Obligations 45 ARTICLE XI DISSOLUTION AND TERMINATION 46 Section 11.1 Liquidating Events 46 Section 11.2 Bankruptcy 47 Section 11.3 Procedure 48 Section 11.4 Rights of Members 49 Section 11.5 Notices of Dissolution 49 Section 11.6 Reasonable Time for Winding Up 49 Section 11.7 No Deficit Restoration 49 ARTICLE XII GENERAL 49 Section 12.1 Amendments; Waivers 49 Section 12.2 Further Assurances 50 Section 12.3 Successors and Assigns 51 Section 12.4 Certain Representations by Members 51 Section 12.5 Entire Agreement 51 Section 12.6 Rights of Members Independent 51 Section 12.7 Governing Law 51 Section 12.8 Jurisdiction and Venue 51 Section 12.9 Headings 52 Section 12.10 Counterparts 52 Section 12.11 Notices 52 Section 12.12 Representation By Counsel; Interpretation 53 Section 12.13 Severability 53 Section 12.14 Expens...
Ownership and Capital Contributions Capital Accounts. 13 Section 4.1 Authorized Units; General Provisions with Respect to Xxxxx 00 Xxxxxxx 4.2 Voting Rights 16 Section 4.3 Capital Contributions: Unit Ownership 16 Section 4.4 Capital Accounts 17 Section 4.5 Other Matters 17 Section 4.6 Redemption of Common Units 18 Section 4.7 Representations and Warranties of the Members 23 ARTICLE V ALLOCATIONS OF PROFITS AND LOSSES 24 Section 5.1 Profits and Losses 24 Section 5.2 Special Allocations 24 Section 5.3 Allocations for Tax Purposes in General 26 Section 5.4 Other Allocation Rules 27 ARTICLE VI DISTRIBUTIONS 28 Section 6.1 Distributions 28 Section 6.2 Tax-Related Distributions 29 Section 6.3 Distribution Upon Withdrawal 29 ARTICLE VII MANAGEMENT 29 Section 7.1 Managing Member Rights; Fiduciary Duties 29
Ownership and Capital Contributions Capital Accounts. Section 3.1. Authorized Units; General Provisions With Respect to Units 11 Section 3.2. Voting Rights 13 Section 3.3. Capital Contributions; Unit Ownership 13 Section 3.4. Capital Accounts 13 Section 3.5. Reserved 13 Section 3.6. Other Matters 13 Section 3.7. Exchange of Units 14
Ownership and Capital Contributions Capital Accounts. SECTION 3.1 Limited Liability Company Interests 17 SECTION 3.2 Capital Contributions; Unit Ownership 18 SECTION 3.3 Capital Accounts 18 SECTION 3.4 Other Matters 19 SECTION 3.5 Redemption of Class A Units 20
Ownership and Capital Contributions Capital Accounts
