Limited Liability Company Operating Agreement Sample Contracts

FORM OF SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS [ ], LLC December 31, 2023
Limited Liability Company Operating Agreement • January 4th, 2024 • Masterworks 057, LLC • Retail-retail stores, nec • Delaware

This Second Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks [ ], LLC, a Delaware limited liability company (the “Company”), is dated as of December 31, 2023, and is entered into by the Members (as defined herein) and the Board of Managers of the Company.

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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 ____________________ (COMPANY NAME), LLC A Member-Managed Limited Liability Company NEVADA LLC OPERATING AGREEMENT
Limited Liability Company Operating Agreement • April 27th, 2022 • Nevada

THIS OPERATING AGREEMENT is made and entered into effective ___________________ (Month Day, Year), by and among: ___________________ (Member Full Name), ___________________ (Member Full Name), and ___________________ (Member Full Name) (collectively referred to in this agreement as the "Members").

LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF [COMPANY NAME], LLC
Limited Liability Company Operating Agreement • September 30th, 2021

WHEREAS the Member(s) desire to create a limited liability company under the laws of the State of Georgia and set forth the terms herein of the Company’s operation and the relationships of any and all Members.

Limited Liability Company Operating Agreement of [NAME OF COMPANY], LLC
Limited Liability Company Operating Agreement • January 15th, 2023

WHEREAS the Member(s) desire to create a limited liability company under the laws of the State of [STATE OF FORMATION] (“State of Formation”) and set forth the terms herein of the Company’s operation and the relationship any and all Member(s).

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”).

LIMITED LIABILITY COMPANY OPERATING AGREEMENT FOR
Limited Liability Company Operating Agreement • May 15th, 2022
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”).

LIMITED LIABILITY COMPANY OPERATING AGREEMENT MULTIBANK 2009-1 RES-ADC VENTURE, LLC
Limited Liability Company Operating Agreement • May 5th, 2020 • Delaware

AGREEMENT (as the same may be amended or modified from time to time in accordance with the terms hereof, this “Agreement”), is made and entered into as of the 9th day of February, 2010 (the “Closing Date”), by and among the Federal Deposit Insurance Corporation (in any capacity, the “FDIC”), as the Receiver defined below (including its successors and assigns hereto, the “Initial Member”), RL RES 2009-1 Investments, LLC, a Delaware limited liability company (the “Private Owner”), and Multibank 2009-1 RES-ADC Venture, LLC, a Delaware limited liability company (the “Company”).

LIMITED LIABILITY COMPANY OPERATING AGREEMENT FOR
Limited Liability Company Operating Agreement • November 2nd, 2021
LIMITED LIABILITY COMPANY OPERATING AGREEMENT FOR
Limited Liability Company Operating Agreement • May 2nd, 2022
VIRGINIA LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • December 16th, 2022
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 Second Amended And Restated Limited Liability Company Operating Agreement Of Masterworks Vault 1, LLC December 31, 2023 Second Amended and Restated Limited Liability Company Operating Agreement Of Masterworks Vault 1, LLC
Limited Liability Company Operating Agreement • January 23rd, 2024 • Masterworks Vault 1, LLC • Retail-retail stores, nec • Delaware

This Second Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks Vault 1, LLC, a Delaware series limited liability company (the “Company”), is dated as of December 31, 2023, and is entered into by the Members (as defined herein) and the Board of Managers.

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”).

CNL STRATEGIC CAPITAL, LLC a Delaware Limited Liability Company SIXTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • March 29th, 2023 • CNL Strategic Capital, LLC • Investment advice

THIS SIXTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) of CNL STRATEGIC CAPITAL, LLC (the “Company”) is made and entered into as of March 27, 2023 (the “Effective Date”) by CNL STRATEGIC CAPITAL MANAGEMENT, LLC, a Delaware limited liability company (“CSCM”), and Levine Leichtman Strategic Capital, LLC (“LLSC”), together (the “Members”), and any other Persons who are or hereafter become Members in the Company (as defined below) 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 Sections 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.

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LIMITED LIABILITY COMPANY OPERATING AGREEMENT of CIRCLE OF WEALTH FUND III LLC An Idaho limited liability company
Limited Liability Company Operating Agreement • August 23rd, 2023 • Circle of Wealth Fund III LLC • Real estate

This Limited Liability Company Operating Agreement (the “Agreement”) of CIRCLE OF WEALTH FUND III LLC, an Idaho limited liability company (the “Company” or “Fund”), is by and among Secured Investment Corp., a Wyoming 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 August 9, 2019, as amended from time to time (the “Offering Circular”).

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.

AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF CACTUS COMPANIES, LLC DATED AS OF FEBRUARY 27, 2023
Limited Liability Company Operating Agreement • March 1st, 2023 • Cactus, Inc. • Oil & gas field machinery & equipment • Delaware

This AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (as amended, supplemented or restated from time to time, this “Agreement”), dated as of February 27, 2023 (the “Effective Date”), is made and entered into by and among Cactus Companies, 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.

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.

LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • May 5th, 2020 • Delaware

may be amended or modified from time to time in accordance with the terms hereof, this “Agreement”), is made and effective as of December 29, 2008, by and among the Federal Deposit Insurance Corporation as Receiver (“Receiver”) for First National Bank of Nevada (“Initial Member”) and FNBN I, LLC, a Delaware limited liability company (the “Company”).

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”).

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”).

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