Operating Agreement definition

Operating Agreement means the agreement, whether or not referred to as an operating agreement and whether oral, in a record, implied, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in section 489.110, subsection 1. The term includes the agreement as amended or restated.
Operating Agreement means this Agreement.
Operating Agreement has the meaning set forth in the recitals to this Agreement.

Examples of Operating Agreement in a sentence

  • The rights of the membership interest are as set forth in the Operating Agreement of Neptune REM, LLC (the “Company”) and the respective series designation, filed as Exhibits to the Offering Statement of the Company filed with the SEC (the “Offering Statement”).

  • The Company has all requisite power and authority to own and operate its properties and assets, to execute and deliver this Subscription Agreement, the Operating Agreement and any other agreements or instruments required hereunder.

  • Words and expressions which are used but not defined in this Agreement shall have the meanings given to them in the Operating Agreement.

  • Wholesale Market Participant agrees to abide by all rules and procedures pertaining to generation and transmission in the PJM Region, including but not limited to the rules and procedures concerning the dispatch of generation or scheduling transmission set forth in the Tariff, the Operating Agreement and the PJM Manuals.

  • SALES ONLY PJM submitted the WMPA for filing because the WMPA is a form of agreement not presently contained in either the PJM Open Access Transmission Tariff (“PJM Tariff”) or the Amended and Restated Operating Agreement of PJM Interconnection, L.L.C. (“Operating Agreement”).


More Definitions of Operating Agreement

Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.
Operating Agreement means a written agreement by the member of a limited liability company that has 1 member, or between all of the members of a limited liability company that has more than 1 member, pertaining to the affairs of the limited liability company and the conduct of its business. The term includes any provision in the articles of organization pertaining to the affairs of the limited liability company and the conduct of its business.
Operating Agreement means an agreement of the members as to the affairs of a limited liability
Operating Agreement means the operating agreement of BSEF.
Operating Agreement means the Fund’s Agreement and Declaration of Trust.
Operating Agreement means the Amended and Restated Limited Liability Company Agreement of the Company, dated as of May 5, 1998, as the same has been shall be amended in accordance with its terms.