Rights and Obligations of Members. Section 6.1
Rights and Obligations of Members. A. No Member shall be obligated to make capital contributions to the Company except as provided in Section 9A.
Rights and Obligations of Members. 20 Section 7.1 Limitation of Liability and Duties of Members. 20 Section 7.2 Lack of Authority. 21 Section 7.3 No Right of Partition. 21 Section 7.4 Indemnification. 21 Section 7.5 Members Right to Act. 22 Section 7.6 Inspection Rights. 23 ARTICLE VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 24 Section 8.1 Records and Accounting. 24 Section 8.2 Fiscal Year. 24 Section 8.3 Reports. 24 ARTICLE IX. TAX MATTERS 24 Section 9.1 Preparation of Tax Returns. 24 Section 9.2 Tax Elections. 25 Section 9.3 Partnership Representative. 25 ARTICLE X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHT 26 Section 10.1 Transfers by Members. 26 Section 10.2 Permitted Transfers. 26 Section 10.3 Restricted Units Legend. 26 Section 10.4 Transfer. 27 Section 10.5 Assignee’s Rights. 27 Section 10.6 Assignor’s Rights and Obligations. 27 Section 10.7 Overriding Provisions. 28 ARTICLE XI. EXCHANGE RIGHTS 29 Section 11.1 Exchange Rights for Class A Units. 29 Section 11.2 Reservation of Shares of VBC Class A Common Stock; Listing; Certificate of VBC. 29 Section 11.3 Effect of Exercise of Exchange Right. 29 Section 11.4 Tax Treatment. 29 ARTICLE XII. ADMISSION OF MEMBERS 30 Section 12.1 Substituted Members. 30 Section 12.2 Additional Members. 30 ARTICLE XIII. WITHDRAWAL AND RESIGNATION; TERMINATION OF RIGHTS 30 Section 13.1 Withdrawal and Resignation of Members. 30 ARTICLE XIV. DISSOLUTION AND LIQUIDATION 30 Section 14.1 Dissolution. 30 Section 14.2 Liquidation and Termination. 31 Section 14.3 Deferment; Distribution in Kind. 31 Section 14.4 Certificate of Termination. 32 Section 14.5 Reasonable Time for Winding Up. 32 Section 14.6 Return of Capital. 32 ARTICLE XV. VALUATION 32 Section 15.1 Determination. 32 Section 15.2 Dispute Resolution. 32 ARTICLE XVI. GENERAL PROVISIONS 33 Section 16.1 Power of Attorney. 33 Section 16.2 Confidentiality. 33 Section 16.3 Amendments. 34 Section 16.4 Title to Company Assets. 34 Section 16.5 Addresses and Notices. 34 Section 16.6 Binding Effect; Intended Beneficiaries. 35 Section 16.7 Creditors. 35 Section 16.8 Waiver. 35 Section 16.9 Counterparts. 36 Section 16.10 Applicable Law. 36 Section 16.11 Severability. 36 Section 16.12 Further Action. 36 Section 16.13 Delivery by Electronic Transmission. 36 Section 16.14 Right of Offset. 36 Section 16.15 Entire Agreement. 36 Section 16.16 Remedies. 37 LIMITED LIABILITY COMPANY AGREEMENT OF VICTORYBASE HOLDINGS LLC This LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”) of VictoryBase...
Rights and Obligations of Members. MANAGEMENT OF THE COMPANY'S BUSINESS
Rights and Obligations of Members. Section 7.01 Limitation of Liability and Duties of Members 31 Section 7.02 Lack of Authority 31 Section 7.03 No Right of Partition 32 Section 7.04 Indemnification 32 Section 7.05 Members Right to Act 33 Section 7.06 Inspection Rights 34 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS Section 8.01 Records and Accounting 34 Section 8.02 Fiscal Year 34 ARTICLE IX
Rights and Obligations of Members. 30 Section 7.01 Limitation of Liability and Duties of Members 30 Section 7.02 Lack of Authority 31 Section 7.03 No Right of Partition 31 Section 7.04 Indemnification 31 Section 7.05 Members Right to Act 32 Section 7.06 Inspection Rights 33 Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 Section 8.01 Records and Accounting 34 Section 8.02 Fiscal Year 34 Section 8.03 Reports 34 Article IX. TAX MATTERS 34 Section 9.01 Preparation of Tax Returns 34 Section 9.02 Tax Elections 34 Section 9.03 Tax Controversies 35 Article X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHTS 35 Section 10.01 Transfers by Members 35 Section 10.02 Permitted Transfers 35 Section 10.03 Restricted Units Legend 36 Section 10.04 Transfer 36 Section 10.05 Assignee’s Rights 37 Section 10.06 Assignor’s Rights and Obligations 37 Section 10.07 Overriding Provisions 37
Rights and Obligations of Members. 1. Members shall, in accordance with this Agreement, have the right:
Rights and Obligations of Members. 5 5.1 Limitation of Members’ Responsibility, Liability 5 5.2 Return of Distributions 5 5.3 Priority and Return of Capital 5 ARTICLE VI. RIGHTS AND DUTIES OF MEMBERS 5 6.1 Management 5 6.2 Powers of the Member 5 ARTICLE VII. MEETINGS OF MEMBERS; AMENDMENTS 6 7.1 Meetings 6 7.2 Place of Meetings 6 7.3 Notice of Meetings 6 7.4 Meeting of All Members 6 7.5 Record Date 6 7.6 Quorum 6
Rights and Obligations of Members. 16 7.1 Limitation of Liability 16 7.2 Company Debt Liability 16
Rights and Obligations of Members. Except as otherwise provided in this Agreement, the Members shall look solely to the assets of the Company for the return of their Capital Contributions and shall have no right or power to demand or receive property, other than cash from the Company, in return for their Capital Contributions.
