Ownership and Capital Contributions Capital Accounts. 17 Section 4.1 Authorized Units; General Provisions With Respect to Xxxxx 00 Xxxxxxx 4.2 Voting Rights 21 Section 4.3 Capital Contributions; Unit Ownership 21 Section 4.4 Capital Accounts 22 Section 4.5 Other Matters 22 Section 4.6 Redemption of Units 23 ARTICLE V ALLOCATIONS OF PROFITS AND LOSSES 30 Section 5.1 Profits and Losses 30 Section 5.2 Special Allocations 31 Section 5.3 Allocations for Tax Purposes in General 33 Section 5.4 Other Allocation Rules 34 ARTICLE VI DISTRIBUTIONS 35 Section 6.1 Distributions 35 Section 6.2 Tax-Related Distributions 35 Section 6.3 Distribution Upon Withdrawal 35 Section 6.4 Issuance of Additional Equity Securities 36 ARTICLE VII MANAGEMENT 36 Section 7.1 The Managing Member; Fiduciary Duties 36 Section 7.2 Officers 36 Section 7.3 Warranted Reliance by Officers on Others 37 i Section 7.4 Indemnification 38 Section 7.5 Maintenance of Insurance or Other Financial Arrangements 39 Section 7.6 Resignation or Termination of Managing Member 39 Section 7.7 No Inconsistent Obligations 39 Section 7.8 Reclassification Events of PubCo 39 Section 7.9 Certain Costs and Expenses 40 ARTICLE VIII ROLE OF MEMBERS 40 Section 8.1 Rights or Powers 40 Section 8.2 Voting 41 Section 8.3 Various Capacities 42 Section 8.4 Investment Opportunities 42 ARTICLE IX TRANSFERS OF INTERESTS 42 Section 9.1 Restrictions on Transfer 42 Section 9.2 Notice of Transfer 44 Section 9.3 Transferee Members 44 Section 9.4 Legend 45 ARTICLE X ACCOUNTING; CERTAIN TAX MATTERS 45 Section 10.1 Books of Account 45 Section 10.2 Tax Elections 45 Section 10.3 Tax Returns; Information 46 Section 10.4 Company Representative 46 Section 10.5 Withholding Tax Payments and Obligations 47 ARTICLE XI DISSOLUTION AND TERMINATION 48 Section 11.1 Liquidating Events 48 Section 11.2 Bankruptcy 49 Section 11.3 Procedure 49 Section 11.4 Rights of Members 50 Section 11.5 Notices of Dissolution 51 Section 11.6 Reasonable Time for Winding Up 51 Section 11.7 No Deficit Restoration 51 ARTICLE XII GENERAL 51 Section 12.1 Amendments; Waivers 51 Section 12.2 Further Assurances 52 Section 12.3 Successors and Assigns 52 Section 12.4 Certain Representations by Members 53 Section 12.5 Entire Agreement 53 Section 12.6 Rights of Members Independent 53 Section 12.7 Governing Law 53 Section 12.8 Jurisdiction and Venue 53 Section 12.9 Headings 54 ii Section 12.10 Counterparts 54 Section 12.11 Notices 54 Section 12.12 Representation By Counsel; Interpretation 54 Section 12.13 Severability 55 Section 12.14 E...
Ownership and Capital Contributions Capital Accounts. 13 Section 4.1 Authorized Units; General Provisions with Respect to Xxxxx 00 Xxxxxxx 4.2 Voting Rights 16 Section 4.3 Capital Contributions: Unit Ownership 16 Section 4.4 Capital Accounts 17 Section 4.5 Other Matters 17 Section 4.6 Redemption of Common Units 18 Section 4.7 Representations and Warranties of the Members 23 ARTICLE V ALLOCATIONS OF PROFITS AND LOSSES 24 Section 5.1 Profits and Losses 24 Section 5.2 Special Allocations 24 Section 5.3 Allocations for Tax Purposes in General 26 Section 5.4 Other Allocation Rules 27 ARTICLE VI DISTRIBUTIONS 28 Section 6.1 Distributions 28 Section 6.2 Tax-Related Distributions 29 Section 6.3 Distribution Upon Withdrawal 29 ARTICLE VII MANAGEMENT 29 Section 7.1 Managing Member Rights; Fiduciary Duties 29
Ownership and Capital Contributions Capital Accounts. Section 3.1. Authorized Units; General Provisions With Respect to Units 16 Section 3.2. Voting Rights 18 Section 3.3. Capital Contributions; Unit Ownership 18 Section 3.4. Capital Accounts 18 Section 3.5. Reserved 19 Section 3.6. Other Matters 19 Section 3.7. Exchange of Units 19
Ownership and Capital Contributions Capital Accounts. SECTION 3.1 Limited Liability Company Interests 17 SECTION 3.2 Capital Contributions; Unit Ownership 18 SECTION 3.3 Capital Accounts 18 SECTION 3.4 Other Matters 19 SECTION 3.5 Redemption of Class A Units 20
Ownership and Capital Contributions Capital Accounts
