THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 322C.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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 35-▇▇8-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Consistent with Sections ▇▇-▇▇-▇▇▇ 12:1303 and ▇▇-▇▇-▇▇▇ 12:1311 of the ActLaw, 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇23-▇▇18-▇▇▇ 2-2 and ▇▇23-▇▇18-▇▇▇ 3-1.1 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 29–804.07 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections Section ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 18-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 42:2C-37 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 31B-4-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 34-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 10A-5A- 4.07 of the ActLaw, 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇13.1-▇▇1009 and 13.1-▇▇▇ and ▇▇-▇▇-▇▇▇ 1023 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 34-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 10-▇▇32.1-▇▇▇ and ▇▇-▇▇-▇▇▇ 39 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 428-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 18-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 428-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 35-▇▇8-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 42:2C-37 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 304-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 489.407 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 183.0401 of the ActLaw, 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 10A-5A- 4.07 of the ActLaw, 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 57D-2-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 29–804.07 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 304-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections Section ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Consistent with Sections ▇▇-▇▇-▇▇▇ 12:1303 and ▇▇-▇▇-▇▇▇ 12:1311 of the ActLaw, 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇13.1-▇▇1009 and 13.1-▇▇▇ and ▇▇-▇▇-▇▇▇ 1023 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇23-▇▇18-▇▇▇ 2-2 and ▇▇23-▇▇18-▇▇▇ 3-1.1 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 183.0401 of the ActLaw, 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 48-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 3a-408 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 10-▇▇32.1-▇▇▇ and ▇▇-▇▇-▇▇▇ 39 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 4-▇▇38-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ 4054 and ▇▇-▇▇-▇▇▇ 4060 of the ActStatutes, 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 31B-4-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 57D-2-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 47-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 34A-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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 4-▇▇38-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 7-▇▇80-▇▇▇ and ▇▇-▇▇-▇▇▇ 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 15115(A) 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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇Section 47-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ 34A-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 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. 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
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Pursuant to Sections ▇▇-▇▇-▇▇▇ and ▇▇-▇▇-▇▇▇ Section 322C.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 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. 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
Sources: Operating Agreement