Common use of THE MEMBERS Clause in Contracts

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 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 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

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 00-00-000 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 0023-0018-000 2-2 and 0023-0018-000 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 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00Section 48-00-000 and 00-00-000 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 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

Samples: Limited Liability Company Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Consistent with Sections 00-00-000 12:1303 and 00-00-000 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 00-00-000 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 0023-0018-000 2-2 and 0023-0018-000 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 00-00-000 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 0013.1-001009 and 13.1-000 and 00-00-000 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 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 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 00-00-000 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Consistent with Sections 00-00-000 12:1303 and 00-00-000 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 2 contracts

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections Section 00-00-000 and 00-00000-000 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 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 00-00-000 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 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 00-00-000 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

Samples: Operating Agreement, Limited Liability Company Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 00-00-000 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 00-00-000 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 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 00-00-000 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00Section 10-0032.1-000 and 00-00-000 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

Samples: Operating Agreement

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THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00Section 48-00-000 and 00-00-000 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

Samples: Limited Liability Company Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 0013.1-001009 and 13.1-000 and 00-00-000 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 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 4054 and 00-00-000 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 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 00-00-000 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00Section 31B-4-00-000 and 00-00-000 403 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections Section 00-00-000 and 00-00000-000 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 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00Section 47-00-000 and 00-00-000 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00Section 10-0032.1-000 and 00-00-000 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 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 and 00-00-000 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 1 contract

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00Section 31B-4-00-000 and 00-00-000 403 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Sections 00-00-000 4054 and 00-00-000 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

Samples: Operating Agreement

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