Common use of THE MEMBERS Clause in Contracts

THE MEMBERS. Members are the owners of the Company. Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 14 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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THE MEMBERS. Members are the owners of the Company. Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 14 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 00-00-000 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 6 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 00-00-000 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 5 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 17-7668 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 304-C:45 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 304-C:45 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 35-8-504 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 10.50.110 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 15-7 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 1706.30 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 18-2012.2 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 10.50.110 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 450.4401 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 428-403 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 86.281 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 8847 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 63.057 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 605.047 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 8847 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 18-2012.2 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 86.281 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 101.252 of the Law, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 18-106 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 183.0401 of the Law, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 34-255f of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 17-7668 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 7-80-404 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 275.165 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 401 of the Law, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 15-7 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 63.057 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 101.252 of the Law, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 18-106 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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THE MEMBERS. Members are the owners of the Company. Pursuant to Section 428-403 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 605.0407 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 401 of the Law, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 35-8-504 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 21-136 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in the Act, the Supplement, and Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 21-136 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 347.081 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 275.165 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 7-16-4 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 3973 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 57D-2-30 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 57D-2-30 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 450.4401 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4-38-407 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 3973 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4-38-407 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 183.0401 of the Law, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 347.081 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 1706.30 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 7-80-404 of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 2. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 34-255f of the Act, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 2 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 21. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

Appears in 1 contract

Samples: Operating Agreement

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