Formation; General Terms Sample Clauses
The 'Formation; General Terms' clause establishes the basic framework for how an agreement is created and the general rules that govern it. Typically, this clause outlines when the contract becomes legally binding, such as upon signature or exchange of acceptance, and may specify that certain standard terms apply to all transactions under the agreement. Its core function is to ensure both parties understand when their obligations begin and what general conditions apply, thereby reducing ambiguity and potential disputes about the contract’s validity or scope.
Formation; General Terms. Effective Date 1
Formation; General Terms. The LLC was formed upon the filing of a Certificate of Formation with the Delaware Secretary of State on February 8, 2018. The rights and obligations of the Members and the terms and conditions of the LLC shall be governed by the Act and this Agreement, including all the Exhibits to this Agreement. The Board shall cause to be executed and filed on behalf of the LLC all other instruments or documents, and shall do or cause to be done all such filing, recording, or other acts, including the filing of the LLC’s annual report with the Delaware Secretary of State, as may be necessary or appropriate from time to time to comply with the requirements of law for the continuation and operation of a limited liability company in Delaware and in the other states and jurisdictions in which the LLC shall transact business.
Formation; General Terms. The LLC was formed on February 12, 2010 upon the filing of the Articles of Organization (the “Articles”) in the Office of the Secretary of State of the State of Tennessee, Division of Business Services. The terms and conditions of the LLC shall be governed by the Act and this Agreement, including all the Exhibits to this Agreement. To the extent the Act and this Agreement are inconsistent with respect to any subject matter covered in this Agreement, this Agreement shall govern, but only to the extent permitted by law.
Formation; General Terms. 2 SECTION 1.2 NAME..........................................................2 SECTION 1.3 PURPOSES......................................................2 SECTION 1.4 REGISTERED AGENT; REGISTERED OFFICE...........................2 SECTION 1.5.
Formation; General Terms. Within [**] following LB-001 Option Exercise, the Parties will establish a joint steering committee to oversee the activities under this Agreement with respect to LB-001 (the “LB-001 JSC”), with solely the functions described below. The general terms of Section 4.2.1 (Formation) through Section 4.2.3 (Meetings) will apply to the LB-001 JSC, mutatis mutandis; provided that (a) the LB-001 JSC chairperson will [**] a LB-001 JSC member from [**] and (b) the LB-001 JSC will meet [**] during the Term following LB-001 Option Exercise.
Formation; General Terms. The LLC was formed upon the filing of a Certificate of Formation with the Delaware Secretary of State on September 22, 2006. As of the date hereof, the rights and obligations of the LLC and its Members and Directors will be governed by the Act and this Agreement, including all the Exhibits to this Agreement.
Formation; General Terms. The rights and obligations of the Members and the terms and conditions of the Company shall be governed by the Act and this Agreement, including all the Exhibits to this Agreement. The Board shall cause to be executed and filed on behalf of the Company all other instruments or documents, and shall do or cause to be done all such filing, recording, or other acts, including the filing of the Company’s annual report with the Delaware Secretary of State, as may be necessary or appropriate from time to time to comply with the requirements of law for the continuation and operation of a limited liability company in Delaware and in the other states and jurisdictions in which the Company shall transact business.
Formation; General Terms. The LLC was formed and capitalized as described in the Recitals. The Persons listed on the attached Information Exhibit are the Members of the LLC as of the Effective Date. The Certificate as to be filed with the Delaware Secretary of State pursuant to the Act is attached hereto as Exhibit A. The rights and obligations of the Members and the terms and conditions of the LLC shall be governed by the Act and this Agreement, including all the Exhibits to this Agreement. To the extent the Act and this Agreement are inconsistent with respect to any subject matter covered in this Agreement, this Agreement shall govern unless otherwise required by the Act. This Agreement shall be effective as of the Effective Date. The Board shall cause to be executed and filed on behalf of the LLC all instruments or documents, and shall do or cause to be done all such filing, recording, or other acts, including the filing of the LLC's annual report with the Delaware Secretary of State, as may be necessary or appropriate from time to time to comply with the requirements of law for the continuation and operation of a limited liability company in Delaware and in the other states and jurisdictions in which the LLC shall transact business.
Formation; General Terms. The LLC was formed upon the filing of the Certificate of Formation with the Delaware Secretary of State a copy of which is attached as Exhibit B. The terms and conditions of the LLC shall be governed by the Act and this Agreement, including all the Exhibits to this Agreement. To the extent the Act and this Agreement are inconsistent with respect to any subject matter covered in this Agreement, this Agreement shall govern, but only to the extent permitted by law.