Formation; Continuation. The Initial Member formed the Company as a limited liability company pursuant to the provisions of the Act. The Initial Member hereby agrees to continue the Company as a limited liability company under and pursuant to the Act and agrees that, except as expressly provided herein to the contrary, the rights and obligations of the Members and the administration and termination of the Company shall be governed by the Act. The Initial Member, on behalf of itself and the other Members, shall execute all documents and perform all acts as may be necessary or appropriate to comply with the requirements for the formation and operation of the Company under the laws of the State of Delaware and all other jurisdictions where the Company may conduct business.
Appears in 4 contracts
Sources: Limited Liability Company Agreement (Versus Capital Real Estate Fund LLC), Limited Liability Company Agreement (Versus Capital Multi-Manager Real Estate Income Fund LLC), Limited Liability Company Agreement (Versus Capital Multi-Manager Real Estate Income Fund LLC)