Common use of 1Formation Clause in Contracts

1Formation. The Company was originally formed via Operating Agreement dated June 13, 2014, by then sole Member ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇. The Company was formed as a limited liability company pursuant to the provisions of the Mississippi Limited Liability Company Act (as amended from time to time, the “Act”). Unless otherwise expressly provided in this Agreement, the rights and liabilities of the Manager(s) and the Members will be as provided in the Act. To the extent the provisions of this Agreement conflict with the provisions of the Act, the provisions of this Agreement will control, to the extent permitted by law, and the conflicting provisions of the Act will be deemed waived to the maximum extent permitted by law.