Delaware Limited Liability Company. Each of the signatories to this Agreement shall be referenced herein as a “Member” and collectively, as the “Members” as defined in Appendix D hereof. The Manager has formed a manager-managed Delaware limited liability company by executing and delivering the Certificate of Formation to the Delaware Secretary of State in accordance with the Delaware Limited Liability Company Act, as codified in the Delaware Limited Liability Company Act, 6 Del.C. § 18-101, et seq., as may be amended from time to time. The rights and liabilities of the Members shall be as provided in the Act except as may be modified in this Agreement. The Members acknowledge that under the applicable provisions of the Act, the Company may be either “member-managed” or “manager-managed,” and that they have specifically, by their signatures hereof, elected to form a manager-managed Company. Accordingly, management of the affairs of the Company shall be vested in the Manager of the Company, as set forth in Article 6 hereof, subject to any provisions of this Agreement (e.g., Articles 7 or 8), or in the Act restricting, enlarging or modifying the rights and duties of the Manager or management procedures. The Members shall immediately, and from time to time hereafter, execute all documents and do all filing, recording, and other acts as may be required to comply with the operation of the Company under the Act.
Delaware Limited Liability Company. Commencing upon the Effective Date, the Member desires for the Company to be maintained and operated as a limited liability company pursuant to the Act and upon the remaining terms and conditions set forth in this Agreement.
Delaware Limited Liability Company. Commencing upon the conversion, the Member desires for the Company to be maintained and operated as a limited liability company pursuant to the Act and upon the remaining terms and conditions set forth in this Agreement.
Delaware Limited Liability Company. This Amended and Restated Limited Liability Company Agreement, dated as of [•], 2018 (this “Agreement”), is adopted, executed and agreed to by Alliance Resource Partners, L.P., a Delaware limited partnership (the “Member”).
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