THIRD AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF THE GMS GROUP, L.L.C. Dated July 22, 2004Limited Liability Company Agreement • August 17th, 2006 • Patriot Trust, Tax Free Bond Trusts, 2006 Series A • Delaware
This THIRD AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (the “Agreement”) of THE GMS GROUP, L.L.C., a Delaware limited liability company (the “Company”), dated as of July 22, 2004, is entered into by GMS GROUP HOLDINGS CORP. (“GMS Holdings”), as sole member of the Company (the “Member”), for the purpose of setting forth the terms and conditions for the operation of the Company. The Company was originally organized by Gruntal Financial Corp. (“Gruntal”), as the sole member on March 7, 1997; Gruntal transferred its interests as a Member to Gruntal Financial L.L.C. (“Gruntal Financial”) on March 28, 1997; Gruntal Financial transferred its interests to Gruntal & Co., L.L.C. (“Gruntal & Co.”) as of September 26, 1997; Gruntal & Co. transferred its interests to Ryan Beck & Co., Inc. (“Ryan Beck”) as of April 26, 2002; Ryan Beck transferred its entire interest in the Company to GMS Holdings as of August 25, 2003.
