LIMITED LIABILITY COMPANY AGREEMENT OF CLEARWIRE IP HOLDINGS LLC (a New York Limited Liability Company) Dated and Effective as of July 27, 2011
Exhibit 3.64
OF
CLEARWIRE IP HOLDINGS LLC
(a New York Limited Liability Company)
Dated and Effective
as of
July 27, 2011
TABLE OF CONTENTS
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1.
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Articles of Organization
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1
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2.
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Name
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1
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3.
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Purpose
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1
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4.
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Term
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1
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5.
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Principal Place of Business
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1
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6.
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Registered Office and Resident Agent
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1
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7.
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Member
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1
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8.
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Management
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2
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9.
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Financial Matters
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2
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9.1
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Capital Contributions
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2
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9.2
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Distributions
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2
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9.3
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Federal Income Tax Reporting
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2
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10.
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Accounting and Records
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2
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11.
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Dissolution and Liquidation
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3
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11.1
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Events of Dissolution
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3
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11.2
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Liquidation Upon Dissolution and Winding Up
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3
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11.3
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Member Dissociation and Successors
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3
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12.
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Limitation of Liability
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3
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13.
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Indemnification
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3
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13.1
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Right to Indemnification
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3
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13.2
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Right to Advancement of Expenses
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4
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13.3
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Right of Indemnitee to Bring Suit
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5
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13.4
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Non-Exclusivity of Rights
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5
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13.5
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Insurance
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5
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i
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13.6
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Indemnification of Employees and Agents of the Company
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5
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14.
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Miscellaneous
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6
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14.1
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Assignment
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6
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14.2
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Governing Law
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6
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14.3
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Amendments
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6
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14.4
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Construction
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6
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14.5
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Headings
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6
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14.6
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Waivers
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6
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14.7
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Severability
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6
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14.8
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Heirs, Successors and Assigns
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6
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14.9
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Creditors
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8
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ii
OF
CLEARWIRE IP HOLDINGS LLC
(a New York Limited Liability Company)
THIS LIMITED LIABILITY COMPANY AGREEMENT, dated July 27, 2011, is made by and between Clearwire IP Holdings LLC (the “Company”) and Clearwire Communications LLC, a Delaware
limited liability company, as the sole member of the Company (the “Member”).
2. Name. The name of the Company is “Clearwire IP Holdings LLC.”
3. Purpose. The principal purpose and business of the Company is to engage in all lawful
activity permitted to be conducted by a limited liability company under the New York Limited Liability Company Law (the “Act”), and to exercise all other powers necessary or reasonably connected or incidental to such purpose and business that may
be legally exercised by the Company.
4. Term. The term of the Company shall continue
until the Company is dissolved in accordance with Section 11.
5. Principal Place of Business. The principal place of business of the
Company shall be c/o Clearwire Communications LLC, 0000 Xxxxxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx 00000. The Member may relocate the principal place of business or establish additional offices from time to time.
6. Registered Office and Resident Agent.
The Company’s initial resident agent and the address of its initial registered office are as follows:
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Name
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Address
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Corporation Services Company
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00 Xxxxx Xxxxxx
Xxxxxx, XX 00000-0000
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The Member may change the registered office and resident agent from time to time by filing a certificate of change of resident agent as required by the Act.
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Name
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Address
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Clearwire Communications LLC
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0000 000xx Xxx XX
Xxxxxxxx, XX 00000
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8. Management. The Member of the Company
shall manage the Company in accordance with this Agreement. The actions of the Member taken in such capacity and in accordance with this Agreement shall bind the Company. The Company shall not have any “manager,” as defined in the Act.
(a) The Member shall have full and complete discretion to manage and control the business and affairs of the Company and make all decisions affecting the business, operations and affairs of the Company and to
take all such actions as it deems necessary or appropriate to accomplish the purpose of the Company as set forth herein. Subject to the provisions of this Agreement, the Members (and the officers appointed under clause (ii) below) shall have
general and active management of the day to day business and operations of the Company. In addition, the Member shall have such other powers and duties as may be prescribed by this Agreement. Such duties may be delegated by the Member to
officers, agents or employees of the Company as the Member may deem appropriate from time to time.
(b) The Member may, from time to time, designate one or more persons to be officers of the Company. No officer need be a member of the Company. Any officers so designated will have such authority and perform
such duties as the Member may, from time to time, delegate to them. The Member may assign titles to particular officers including without limitation, chairman, chief executive officer, president, vice president, chief operating officer, secretary,
assistant secretary, treasurer and assistant treasurer. Each officer will hold office until his or her successor will be duly assigned and will qualify or until his or her death or until he or she will resign or will have been removed. Any member
of officer may be held by the same person. The salaries or other compensation, if any, of the officers and agents of the Company will be fixed from time to time by the Member or by any officer acting within his or her authority. Any officer may
be removed as such, either with or without cause, by the Member whenever in his or her judgment the best interests of the company will be served thereby. Any vacancy occurring in any office of the Company may be filed by the Member.
9. Financial Matters.
9.1 Capital Contributions. The Member will make the capital contribution to
the Company set forth on Exhibit A, and is not required to make any additional capital contribution.
9.2 Distributions. The Manager may, in its discretion, cause the Company to make distributions to
the Member from time to time as permitted by the Act.
9.3 Federal Income Tax Reporting. At all times when there is only one
Member, all items of income, gain, loss, deduction and credit of the Company shall be reported on the Member’s federal income tax return.
10. Accounting and Records. The Company shall maintain records and accounts of all of its operations and
expenditures. At a minimum the Company shall maintain the following records:
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(a) a current list of the full name and last known business address of each Member and manager, separately identifying the Members in alphabetical order and the managers, if any, in alphabetical order;
(b) a copy of the filed articles of organization and all amendments thereto, together with signed copies of any powers of attorney pursuant to which any record has been signed; and
(c) copies of any then effective operating agreement of the company.
11. Dissolution and Liquidation.
11.1 Events of Dissolution. The
Company shall dissolve upon the earlier of the written statement of the Member that the Company shall be dissolved; or upon entry of a decree of judicial dissolution pursuant to the Act.
11.2 Liquidation Upon Dissolution and Winding Up. Upon the dissolution of the
Company, the Member shall wind up the affairs of the Company. A full account of the assets and liabilities of the Company shall be taken. The assets shall be promptly liquidated and the proceeds thereof applied as required by the Act. Upon
discharging all debts and liabilities, all remaining assets shall be distributed to the Member or the Member's representative.
11.3 Member Dissociation and Successors. Except as otherwise provided in this
Agreement, the death, retirement, resignation, expulsion, bankruptcy, dissolution or dissociation of a member or any other event affecting a member, including, without limitation, a sole member, does not terminate the status of the person as a
member or cause the Company to be dissolved or its affairs to be wound up. Upon the occurrence of such an event, the business of the Company shall be continued by such member's successor, and such successor may admit additional members and amend
this Agreement.
12. Limitation of Liability. To the fullest extent permitted by the Act or
any other applicable law currently or hereafter in effect, no Member, manager or officer of the Company will be personally liable to the Company or its Member for or with respect to any acts or omissions in the performance of his or her duties as a
Member, manager or officer of the Company. Any repeal or modification of the Act or this Section 12 will not adversely affect any right or protection of the Member, manager or officer with respect to any act or omission occurring in whole or in
part prior to such repeal or modification.
13. Indemnification.
13.1 Right to Indemnification. Each individual who was or is a party or is
threatened to be made a party to or is otherwise involved in, any action, suit or proceeding, whether pending or threatened, whether civil, criminal, administrative or investigative and whether brought by or in the right of the Company or otherwise
(a "Proceeding"), by reason of the fact that such individual is or was a Member, manager or officer of the Company, or is or was a manager or officer of the Company and is or was serving at the request of the Company as a director, officer,
employee or agent of another corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise, (an "Indemnitee") shall be indemnified and held harmless by the Company to the fullest extent
permitted by the Act, as same exists or may hereafter be amended (but in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader indemnification rights than such law permitted the Company to
provide prior to such amendment) against all expenses, liability and loss (including, without limitation, attorneys' fees and expenses, judgments, fines, excide taxes or penalties pursuant to the Employee Retirement Income Security Act of 1974, as
amended, and amounts paid in settlement) reasonably incurred or suffered by such Indemnitee in connection therewith.
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The right to indemnification shall extend to the heirs, executors, administrators and estate of any such Member, manager or officer. The right to indemnification provided in this Section 13.1:
(a) will not be exclusive of any other rights to which any individual seeking indemnification may otherwise be entitled, including without limitation, pursuant to any contract approved by the Member; and (b) will be applicable to matters otherwise
within its scope whether or not such matters arose or arise before or after the adoption of this Section 13.1. Without limiting the generality of the foregoing, the Company may adopt resolutions, or enter into one or more agreements with
any individual, that provide for indemnification greater or otherwise different than provided in this Section 13.1 or the Act and any such agreement approved by the Member will be a valid and binding obligation of the Company.
Notwithstanding anything to the contrary in this Section 13.1, in the event that the Company enters into a contract with any individual providing for indemnification of such individual, the provisions of that contract will exclusively
govern the Company's obligations in respect of indemnification for or advancement of fees or disbursements of that individual's attorney(s) and any other professional engaged by that individual. Any amendment or repeal of, or adoption of any
provision inconsistent with this Section 13.1 will not adversely affect any right or protection existing hereunder, or arising out of events occurring or circumstances existing, in whole or in part, prior to such amendment, repeal or
adoption, and no such amendment, repeal or adoption will affect the legality, validity or enforceability of any contract entered into or right granted prior to the effective date of such amendment, repeal or adoption.
Pursuant to NRS 86.431, any indemnification under NRS 86.411 or 86.421, unless ordered by a court or advanced pursuant to NRS 86.441, may be made by the Company only as authorized in the specific
case by the Member that indemnification is proper in the circumstances.
13.2 Right to Advancement of Expenses. The right to indemnification
conferred in Section 13.1 shall include the right to be paid by the Company the expenses (including, without limitation, attorneys' fees and expenses) reasonably incurred in defending any such Proceeding in advance of its final disposition
(an "Advancement of Expenses"); provided, however, that, if the Act so requires, an Advancement of Expenses incurred by an Indemnitee in his or her capacity as a Member, manager or officer (and not in any other capacity in which service was or is
rendered by such Indemnitee, including, without limitation, service to an employee benefit plan) shall be made only upon delivery to the Company of an undertaking (an "Undertaking"), by or on behalf of such Indemnitee, to repay all amounts so
advanced if it shall ultimately be determined by final judicial decision from which there is no further right to appeal (a "Final Adjudication") that such Indemnitee is not entitled to be indemnified for such expenses under this Section 13.2
or otherwise. The rights to indemnification and to the Advancement of Expenses conferred in Sections 13.1 and 13.2 shall be contract rights and such rights shall continue as to an Indemnitee who has ceased to be a Member, manager or
officer and shall inure to the benefit of the Indemnitee's heirs, executors, administrators and estate.
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13.3 Right of Indemnitee to Bring Suit. If a claim under Sections 13.1
and 13.2 is not paid in full by the Company within 60 calendar days after a written claim has been received by the Company, except in the case of a claim for an Advancement of Expenses, in which case the applicable period shall be 20
calendar days, the Indemnitee may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim. If successful in whole or in part in any such suit, or in a suit brought by the Company to recover an Advancement of
Expenses pursuant to the terms of an Undertaking, the Indemnitee shall be entitled to be paid also the expense of prosecuting or defending such suit. In (a) any suit brought by the Indemnitee to enforce a right to indemnification hereunder (but not
in a suit brought by the Indemnitee to enforce a right to an Advancement of Expenses) it shall be a defense that, and (b) any suit brought by the Company it shall be entitled to recover such expenses upon a Final Adjudication that, the Indemnitee
has not met any applicable standard for indemnification set forth in the Act. Neither the failure of the Company (including the Member or independent legal counsel) to have made a determination prior to the commencement of such suit that
indemnification of the Indemnitee is proper in the circumstances because the Indemnitee has met the applicable standard of conduct set forth in the Act, nor an actual determination by the Company (including the Member or independent legal counsel)
that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that the Indemnitee has not met the applicable standard of conduct or, in the case of such a suit brought by the Indemnitee, be a defense to such suit.
In any suit brought by the Indemnitee to enforce a right to indemnification or to an Advancement of Expenses hereunder, or brought by the Company to recover an Advancement of Expenses pursuant to the terms of an Undertaking, the burden of proving
that the Indemnitee is not entitled to be indemnified, or to such Advancement of Expenses, under this Section 13 or otherwise shall be on the Company.
13.4 Non-Exclusivity of Rights. The rights to indemnification and to the
Advancement of Expenses conferred in this Section 13 shall not be exclusive of any other right which any individual may have or hereafter acquire under any statute, this Agreement, any other agreement, any resolutions of the Member, or
otherwise.
13.5 Insurance. The Company may maintain insurance, at its expense, to protect itself and
any Member, manager, trustee, officer, employee or agent of the Company or another corporation, partnership, joint venture, trust or other enterprise against any expenses, liability or loss, whether or not the Company would have the power to
indemnify such individual against such expense, liability or loss under the Act.
13.6 Indemnification of Employees and Agents of the Company. The Company
may, to the extent authorized from time to time by the Member, grant rights to indemnification and to the Advancement of Expenses to any employee or agent of the Company to the fullest extent of the provisions of this Section 13 with
respect to the indemnification and Advancement of Expenses of the Member, manager or officers of the Company.
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14. Miscellaneous.
14.2 Governing Law. This Agreement shall be construed and enforced in accordance with
the internal laws of the State of New York, including without limitation, the Act.
14.3 Amendments. Except as provided in Section 11.3, this Agreement may not be
amended except by the written agreement of the Member.
14.4 Construction. Whenever the singular number is used in this Agreement and when
required by the context, the same shall include the plural and vice versa, and the masculine gender shall include the feminine and neuter genders and vice versa.
14.5 Headings. The headings in this Agreement are inserted for convenience only and shall
not affect the interpretation of this Agreement.
14.6 Waivers. The failure of any person to seek redress for violation of or to insist upon
the strict performance of any covenant or condition of this Agreement shall not prevent a subsequent act, which would have originally constituted a violation, from having the effect of an original violation.
14.7 Severability. If any provision of this Agreement or the application thereof to
any person or circumstance shall be invalid, illegal or unenforceable to any extent, the remainder of this Agreement and the application thereof shall not be affected and shall be enforceable to the fullest extent permitted by law.
14.8 Heirs, Successors and Assigns. Each and all of the covenants, terms,
provisions and agreements herein contained shall be binding upon and inure to the benefit of the parties hereto and, to the extent permitted by this Agreement, their respective heirs, legal representatives, successors and assigns.
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EXHIBIT A
CLEARWIRE IP HOLDINGS LLC
CAPITAL CONTRIBUTION
All of the domestic patents held by the Member and listed on the attached Schedule A-1.
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14.9 Creditors. None of the provisions of this Agreement shall be
for the benefit of or enforceable by any creditors of the Company.
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COMPANY:
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CLEARWIRE IP HOLDINGS LLC,
a New York limited liability company
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By: CLEARWIRE COMMUNICATIONS LLC,
a Delaware limited liability company,
Its member
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By:
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/s/ Xxxxxx X. Xxxxx
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Printed Name:
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Xxxxxx X. Edne
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Title:
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Chief Accounting Officer
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SOLE MEMBER:
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CLEARWIRE COMMUNICATIONS LLC, a Delaware limited liability company
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By:
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/s/ Xxxxxx X. Xxxxx
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Printed Name:
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Xxxxxx X. Edne
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Title:
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Chief Accounting Officer
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8
