Limited Liability Company Operating Agreement Sample Contracts

FORM OF AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS 283, LLC
Limited Liability Company Operating Agreement • May 26th, 2023 • Masterworks 283, LLC • Retail-retail stores, nec • Delaware

This Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 283, LLC, a Delaware limited liability company (the “Company”), is dated as of , 2023, and is entered into by Masterworks Gallery, LLC as its sole initial Member (the “Initial Member”).

LIMITED LIABILITY COMPANY OPERATING AGREEMENT of GULFSTAR ENERGY GROUP, LLC PREAMBLE
Limited Liability Company Operating Agreement • August 5th, 2010 • GulfStar Energy, Inc. • Drilling oil & gas wells • Mississippi
LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF BMCH CALIFORNIA, LLC
Limited Liability Company Operating Agreement • October 26th, 2017 • Century Communities of Nevada Realty, LLC • Operative builders • Delaware

THIS LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”) of BMCH California, LLC (the “Company”) is made and entered into as of this 9th day of April, 2012, by UCP, LLC, a Delaware limited liability company, as the sole member (the “Original Member” and any person or entity that from time to time is the sole member of the Company, a “Member”).

FOURTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF WENDY'S RESTAURANTS, LLC
Limited Liability Company Operating Agreement • July 5th, 2011 • Wendy's Restaurants, LLC • Retail-eating places • Delaware

FOURTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (the “Agreement”) of WENDY'S RESTAURANTS, LLC, entered into as of July 5, 2011, by The Wendy's Company, a Delaware corporation, as the sole member of the limited liability company (the “Member”).

FIFTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • April 17th, 2018 • Aspect FuturesAccess LLC • Commodity contracts brokers & dealers • Delaware

THIS FIFTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (“Agreement”) dated as of November 30, 2012 of Aspect FuturesAccess (this “FuturesAccess Fund”) by and among Merrill Lynch Alternative Investments LLC, a Delaware limited liability company (the “Sponsor”), an indirect wholly-owned subsidiary of Bank of America Corporation, and those persons who shall invest in the units of limited liability company interest (“Units”) created pursuant to this Agreement — Class A, Class C, Class D, Class I, Class M, Class DS, Class DT and such other classes as may be established in the future — and shall therefore be admitted as members (such members being hereinafter sometimes referred to collectively as “Investors”; provided, that for purposes of voting, Units held by the Sponsor shall not be considered to be held by an Investor).

CONVERSENT COMMUNICATIONS OF PENNSYLVANIA, LLC (d/b/a ONE COMMUNICATIONS) AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT Dated as of June 30, 2006
Limited Liability Company Operating Agreement • June 17th, 2011 • Conversent Communications of New York, LLC • Services-computer programming, data processing, etc. • Pennsylvania

THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT is entered into as of June 30, 2006 by and between Conversent Communications of Pennsylvania, LLC (d/b/a One Communications) (the “Company”) and the members identified on Schedule I hereto (each a “Member” and collectively, the “Members”).

RTGC, LLC LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • February 7th, 2013 • Ruby Tuesday of Bryant, Inc. • Retail-eating places • Colorado

THIS LIMITED LIABILITY COMPANY OPERATING AGREEMENT (the “Agreement”) is entered into this the 18th day of June, 2002, by RUBY TUESDAY, INC. (the “Member”) as the initial Member of RTGC, LLC, a Colorado limited liability company (the “Company”) organized pursuant to the Colorado Revised Statutes (the “Act”).

FORM OF AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS 254, LLC
Limited Liability Company Operating Agreement • June 2nd, 2023 • Masterworks 254, LLC • Retail-retail stores, nec • Delaware

This Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 254, LLC, a Delaware limited liability company (the “Company”), is dated as of , 2023, and is entered into by Masterworks Gallery, LLC as its sole initial Member (the “Initial Member”).

LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF
Limited Liability Company Operating Agreement • September 18th, 2020 • Vault Holding 1, LLC • Real estate • Delaware

This Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of iCap Vault 1, LLC, a Delaware limited liability company (the “Company”), is dated as of September 18, 2020, and is entered into by iCap Vault, LLC as its sole initial Member (the “Initial Member”).

AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT of TEXAS PATHOLOGY, LLC
Limited Liability Company Operating Agreement • September 12th, 2011 • Pathology Solutions, LLC • Texas

This Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Texas Pathology, LLC, a Texas limited liability company (the “Company”), is made as of December 31, 2010, by and between the Company and Aurora Diagnostics, LLC (the “Member”, and together with any party hereafter admitted as a member of the Company in accordance with the terms hereof, the “Members”).

GREENBACKER RENEWABLE ENERGY COMPANY LLC a Delaware Limited Liability Company FIFTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • May 23rd, 2022 • Greenbacker Renewable Energy Co LLC • Electric services • Delaware

THIS FIFTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) of GREENBACKER RENEWABLE ENERGY COMPANY LLC (the “Company”) is made and entered into as of May 19, 2022 by GREENBACKER CAPITAL MANAGEMENT LLC, a Delaware limited liability company (“GCM”), and any other Persons who are or hereafter become Members in the Company or parties hereto as provided herein. Capitalized terms used in this Agreement without definition shall have the respective meanings specified in Section 2.2 and, unless otherwise specified, article and section references used herein refer to Articles and Section of this Agreement.

AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF POC MANAGEMENT GROUP, LLC
Limited Liability Company Operating Agreement • June 18th, 2012 • Physician Sales & Service, Inc. • Wholesale-medical, dental & hospital equipment & supplies • California

THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) of POC MANAGEMENT GROUP, LLC (the “Company”), is hereby entered into this day of November, 2011, by and between the Company and the member set forth on Exhibit A attached hereto (the “Member”).

FEG ABSOLUTE ACCESS FUND I LLC SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • June 6th, 2017 • FEG Absolute Access Fund I LLC • Delaware

THIS SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT of FEG Absolute Access Fund I LLC (the “Company”) is made effective as of December 10, 2015 by and among each Director, whether a signatory hereto or who otherwise agrees to be bound by the terms hereof and serve as Director, the Investment Manager as “Organizational Member”, and each person hereinafter admitted to the Company and reflected on the books of the Company as a Member.

NINTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF REDWOOD MORTGAGE INVESTORS IX, LLC a Delaware Limited Liability Company
Limited Liability Company Operating Agreement • May 9th, 2019 • Redwood Mortgage Investors IX • Real estate • Delaware

THIS NINTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) of REDWOOD MORTGAGE INVESTORS IX, LLC (the “Company”) is made and entered into as of the xxth day of March, XXXX, by REDWOOD MORTGAGE CORP., a California corporation, and the Persons listed on Schedule A attached hereto, as may be amended, modified or supplemented from time to time (the “Members”). This Agreement amends and restates in its entirety the prior limited liability company operating agreement of the Company.

FORM OF AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS 284, LLC
Limited Liability Company Operating Agreement • May 31st, 2023 • Masterworks 284, LLC • Retail-retail stores, nec • Delaware

This Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 284, LLC, a Delaware limited liability company (the “Company”), is dated as of , 2023, and is entered into by Masterworks Gallery, LLC as its sole initial Member (the “Initial Member”).

LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF TI MAGAZINE HOLDINGS LLC
Limited Liability Company Operating Agreement • January 8th, 2019 • FanSided Inc. • Periodicals: publishing or publishing & printing • New York

This Limited Liability Company Operating Agreement (this “Agreement”), dated as of the 19th day of June 2000, is being made by Time Inc., a Delaware Corporation (the “Member”).

FORM OF SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF [NAME OF ENTITY]
Limited Liability Company Operating Agreement • June 2nd, 2015 • Dynegy Power, LLC • Electric services • Delaware

This Second Amended and Restated Limited Liability Company Operating Agreement (as amended or amended and restated from time to time, this “Agreement”) of [Name of Entity], a Delaware limited liability company (“Company”), is entered into by , a Delaware limited liability company (the “Member”), as the sole equity member, as of April 1, 2015. Capitalized terms used and not otherwise defined herein have the meanings set forth on Schedule A hereto which is incorporated herein by reference.

LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • March 24th, 2021 • LK Secured Lending Reg a Fund, LLC • Short-term business credit institutions

This Limited Liability Company Operating Agreement (the “Agreement”) of LK Secured Lending Reg A Fund, LLC, a California limited liability company (the “Company” or “Fund”), is by and among LK Advisors, Inc., a California corporation (the “Initial Member” or “Manager”), and each additional Person who becomes a Member in accordance with the provisions of this Agreement. Any capitalized terms used herein but not defined herein shall have the meaning ascribed to them in the Offering Circular dated _________, 20__, as amended from time to time (the "Offering Circular").

FIRST AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF CACTUS WELLHEAD, LLC DATED AS OF JANUARY 29, 2018
Limited Liability Company Operating Agreement • February 12th, 2018 • Cactus, Inc. • Oil & gas field machinery & equipment • Delaware

This FIRST AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (as amended, supplemented or restated from time to time, this “Agreement”), dated as of January 29, 2018 and effective as of the date of the initial closing of the IPO (as defined below) (the “Effective Date”), is made and entered into by and among Cactus Wellhead, LLC, a Delaware limited liability company (the “Company”), and each other Person who is or at any time becomes a Member in accordance with the terms of this Agreement and the Act. Capitalized terms used herein and not otherwise defined have the respective meanings set forth in Section 1.1.

FORM OF AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS 288, LLC
Limited Liability Company Operating Agreement • June 7th, 2023 • Masterworks 288, LLC • Delaware

This Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 288, LLC, a Delaware limited liability company (the “Company”), is dated as of , 2023, and is entered into by Masterworks Gallery, LLC as its sole initial Member (the “Initial Member”).

NCOP I, LLC LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • April 24th, 2009 • NCOP/Marlin, Inc. • Services-management services • Nevada

This limited liability company operating agreement of NCOP I, LLC, a Nevada limited liability company, is adopted as of the 27th day of February, 2009, by NCOP Nevada Holdings, Inc. as the Sole Member.

SSG BOLINGBROOK LLC LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • August 29th, 2013 • Global Income Fund, Inc. • Delaware

THIS LIMITED LIABILITY COMPANY OPERATING AGREEMENT (the “Agreement”) is made and entered into as of the 17th day of April, 2013, by its sole member, Global Income Fund, Inc., a Maryland corporation with offices at 11 Hanover Square, New York, NY 10005 (the “Member”). As of this date the Member has formed SSG Bolingbrook LLC, a limited liability company, under the laws of the State of Delaware. Accordingly, in consideration of the conditions contained herein, it is hereby agreed as follows:

THIRD AMENDED & RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF DYNEGY GENERATION HOLDCO, LLC
Limited Liability Company Operating Agreement • June 2nd, 2015 • Dynegy Power, LLC • Electric services • Delaware

This Amended & Restated Limited Liability Company Operating Agreement (together with the schedules attached hereto, this “Agreement”) of Dynegy Generation Holdco, LLC, a Delaware limited liability company (“Company”), is entered into by Dynegy Commercial Asset Management, LLC, an Ohio limited liability company (the “Member”), as the sole equity member, and effective as of April 10, 2015. Capitalized terms used and not otherwise defined herein have the meanings set forth on Schedule A hereto.

LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF PATS AIRCRAFT, LLC
Limited Liability Company Operating Agreement • March 29th, 2004 • Decrane Aircraft Holdings Inc • Aircraft parts & auxiliary equipment, nec • Delaware

This LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) of PATS AIRCRAFT, LLC, a limited liability company organized under the laws of Delaware (the “Company”), is made and entered into effective as of December 23, 2003 by DeCrane Aircraft Holdings, Inc., a Delaware corporation (the “Initial Member”). Capitalized words and phrases used in this Agreement and not otherwise defined here are used as defined in Article 13 or in Section 14.21 (Tax Definitions).

AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF NEW DELPHI HOLDINGS 1, LLC
Limited Liability Company Operating Agreement • March 1st, 2012 • Delphi Trade Management, LLC • Motor vehicle parts & accessories • Delaware

AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”), dated as of October 4, 2009 by New Delphi 1, LLC, the undersigned sole member (the “Member”) of NEW DELPHI HOLDINGS 1, LLC, a Delaware limited liability company (the “LLC”).

FORM OF SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS 151, LLC
Limited Liability Company Operating Agreement • July 21st, 2023 • Masterworks 151, LLC • Retail-retail stores, nec • Delaware

This Second Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 151, LLC, a Delaware limited liability company (the “Company”), is dated as of , 2023, and is entered into by Masterworks Gallery, LLC as its sole initial Member (the “Initial Member”).

LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF ACAS BUSINESS LOAN LLC, 2005-1
Limited Liability Company Operating Agreement • November 9th, 2005 • American Capital Strategies LTD • Delaware
LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF EXCELSIOR VENTURE PARTNERS III, LLC
Limited Liability Company Operating Agreement • November 14th, 2000 • Excelsior Venture Partners Iii LLC • Delaware
AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • April 14th, 2004 • Ameripath Indiana LLC • Services-medical laboratories • Delaware

THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) of AmeriPath New York, LLC (the “Company”), effective as of 11:59 p.m. on the 11th day of February, 2004, is made by AmeriPath, Inc., a Delaware corporation, as the sole member of the Company (the “Member”).

AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF CLECO SECURITIZATION I LLC Dated and Effective as of June 20, 2022
Limited Liability Company Operating Agreement • June 22nd, 2022 • Cleco Power LLC • Electric services • Louisiana

This AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) of CLECO SECURITIZATION I LLC, a Louisiana limited liability company (the “Company”), is made and entered into effective as of June 20, 2022 (the “Effective Date”), by and between CLECO POWER LLC, a Louisiana limited liability company (including any additional or successor members of the Company other than Special Members, the “Member” or “Cleco Power”), and the Company.

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Limited Liability Company Operating Agreement • April 16th, 2004 • First Huntingdon Finance Corp • Operative builders • Pennsylvania
LIMITED LIABILITY COMPANY OPERATING AGREEMENT of CF FUND II, LLC A Pennsylvania limited liability company
Limited Liability Company Operating Agreement • March 28th, 2019 • Cf Fund Ii, LLC • Real estate • Pennsylvania

This Limited Liability Company Operating Agreement (the “Agreement”) of CF FUND II, LLC, a Pennsylvania limited liability company (the “LLC”), is among each of the initial Members of the LLC listed on the attached Exhibit A (the “Initial Members”), and each of the additional Persons who become Members in accordance with the provisions of this Agreement.

Form Of Amended And Restated Limited Liability Company Operating Agreement Of Masterworks Vault 4, LLC
Limited Liability Company Operating Agreement • August 10th, 2023 • Masterworks Vault 4, LLC • Delaware
LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • August 26th, 2020 • DLP Positive Note Fund LLC • Real estate • Delaware

This OPERATING AGREEMENT (the “Agreement”) of DLP POSITIVE NOTE FUND LLC (the “Company”) is entered into and effective as of January 16, 2020 (the “Effective Date”) by and between the undersigned as members of the Company (the “Members”, and each individually, a “Member”) and each other person who after the date hereof becomes a Member of the Company and becomes a party to this Agreement by executing a joinder agreement.

THIRD AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF SECURED REAL ESTATE INCOME STRATEGIES , LLC (a Delaware limited liability company)
Limited Liability Company Operating Agreement • June 9th, 2017 • Secured Real Estate Income Strategies, LLC • Real estate • Delaware

This Third Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) is entered into by and among SREIF MANAGER II, LLC, a Nevada limited liability company (the “Managing Member”), as the Managing Member of Secured Real Estate Income Strategies , LLC, a Delaware limited liability company (the “Company”), those members of the Company owning Membership Interests (as defined below) (each an “Investor” and collectively the “Investors”), and such other Persons who are admitted as Members of the Company or become Assignees of Interests in the Company, in each case pursuant to this Agreement. This Agreement is effective commencing June 1 , 2017.