Examples of Amended LLC Agreement in a sentence
If a member fails to contribute any capital to the Company that is committed to be contributed or fails to timely wire the True-Up Amount (as defined in the Third Amended LLC Agreement) such member will be considered in default but will remain fully obligated to contribute such capital to the Company.
The Third Amended LLC Agreement is hereby amended and restated in its entirety, and the Company is hereby continued.
This Agreement amends and restates in its entirety and supersedes the Amended LLC Agreement, which shall have no further force or effect.
If a qualifying party is a partner, corporate officer, or member the business entity must also submit an amended Articles of Incorporation, Amended LLC Agreement or Amended Partnership Agreement reflecting the change.
The Amended LLC Agreement of P provides for the allocation of all items of income (including gross income and receipts from the sale of synthetic fuel), expense and deduction among the Members in accordance with their sharing ratios (which is the same ratio in which capital contributions are made to cover operating deficits).