Common use of Formation; Term Clause in Contracts

Formation; Term. The Company was formed as AX Services LLC on April 6, 1998 (the “Formation Date”) as a Delaware limited liability company pursuant to the provisions of the Act, by the filing for record of a certificate of formation with respect thereto (the “Certificate or Formation”) with the Office of the Secretary of State of the State of Delaware. The rights and liabilities of the Member are as provided in the Act, except as herein otherwise expressly provided. The term of the Company commenced on the Formation Date and shall continue in full force and effect until the Company is dissolved in accordance with the Act or at the election of the Member.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (SPDR Dow Jones Industrial Average Etf Trust), Limited Liability Company Agreement (SPDR S&p Midcap 400 Etf Trust)