Common use of Duties of Members Clause in Contracts

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Member must have a duty as set forth in Exhibit 1 to this agreement. The Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

AutoNDA by SimpleDocs

Duties of Members. As allowed under Section 15-3 and 15-5 489.409 of the Act, each Member must have a duty as set forth in Exhibit 1 to this agreement. The Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 489.602 of the Act.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Consistent with Sections 304-C:88 and 304-C:102 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Consistent with Sections 10.50.205 and 10.50.225 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Duties of Members. As allowed under Section 1500-3 and 1500-5 000 of the Act, each Member must have a duty as set forth in Exhibit 1 to this agreement. The Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35Sections 00-45 00-000, 00-00-000, and 14-11-601.1 of the Act.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Duties of Members. As allowed under Pursuant to Section 15-3 and 15-5 101.111 of the ActLaw, each Member must have a duty as set forth in Exhibit 1 to this agreement. The Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal reduction of that Member’s membership interest, pursuant to Section 35-45 101.153 of the ActLaw.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The In accordance with Section 42:2C-46 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 2 contracts

Samples: Operating Agreement, Limited Liability Company Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Consistent with Section 18-2036 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The In accordance with Sections 17-7689 and 17-7691 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Duties of Members. As allowed under Section 15Pursuant to Sections 428-3 404 and 15428-5 409 of the Act, each Member must have a duty as set forth in Exhibit 1 to this agreement. The Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35428-45 601 of the Act.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Duties of Members. As allowed under Section 1523-3 and 1518-5 4-2 of the Act, each Member must have a duty as set forth in Exhibit 1 to this agreement. The Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 3523-45 of the Act18-6-5.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Duties of Members. As allowed under Pursuant to Section 15-3 and 15-5 63.155 of the Act, each Member must have a duty as set forth in Exhibit 1 to this agreement. The Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.Section

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Consistent with Section 4-38-602 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Consistent with Section 21-145 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The In accordance with Section 29–806.02 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The In accordance with Section 183.0402 of the Law, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

AutoNDA by SimpleDocs

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Pursuant to Sections 34-263a and 34-283d of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Pursuant to Section 15-3 and 15-5 63.155 of the Act, each Member must have a duty as set forth in Exhibit 1 to this agreement. The Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 63.209 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Consistent with Section 322C.0602 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The In accordance with Section 450.4509 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Consistent with Sections 7-16-17 and 7-16-35 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Consistent with Section 10-32.1-48 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Consistent with Section 00-000-000 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The Consistent with Section 3971 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The In accordance with Section 31B-6-601 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Duties of Members. As allowed under Section 15-3 and 15-5 of the Act, each Each Member must have a duty as set forth in Exhibit 1 to this agreement. The In addition to Section 275.172 of the Act, the Members agree that the failure to satisfy a Member’s duties may result in the expulsion or removal of that Member, pursuant to Section 35-45 of the Act.

Appears in 1 contract

Samples: Operating Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.