Delaware LLC Act definition

Delaware LLC Act means the Delaware Limited Liability Company Act.
Delaware LLC Act has the meaning assigned to such term in the recitals.
Delaware LLC Act means the Delaware Limited Liability Company Act and any successor statute, as amended, supplemented or restated and in effect from time to time.

Examples of Delaware LLC Act in a sentence

  • Upon payment in full of the consideration payable with respect to the common shares, as determined by our Manager, the holders of such shares will not be liable to us to make any additional capital contributions with respect to such shares (except for the return of distributions under certain circumstances as required by Sections 18-215, 18-607 and 18-804 of the Delaware LLC Act).

  • Upon dissolution, the LLC shall cease carrying on its business but shall not terminate until the winding up of the affairs of the LLC is completed, the assets of the LLC shall have been distributed as provided below and a Certificate of Cancellation of the LLC under the Delaware LLC Act has been filed with the Secretary of State of the State of Delaware.

  • The Company has requisite limited liability company power and authority under the Company Agreement and the Delaware LLC Act to execute and deliver the Transaction Documents to which it is a party and perform its obligations thereunder, including without limitation, granting the Guarantee, and performing its obligations thereunder.

  • See “Where You Can Find More Information.”GeneralWe are a Delaware limited liability company organized on November 19, 2015 under the Delaware Limited Liability Company Act, or Delaware LLC Act, issuing limited liability company interests.

  • The failure of the LLC to observe any formalities or requirements relating to the exercise of its power or management of its business or affairs under the Delaware LLC Act or this Agreement shall not be grounds for imposing personal liability on the Member, or any director, manager, officer, employee, shareholder, controlling person or agent of the LLC or the Member for liabilities of the LLC.


More Definitions of Delaware LLC Act

Delaware LLC Act shall have the meaning specified in Section 3.02.
Delaware LLC Act. Chapter 18 of the Delaware Limited Liability Company Act, 6 Del. C. §§ 18-101 et seq., as amended.
Delaware LLC Act has the meaning as set forth in the Recitals of this Agreement.
Delaware LLC Act means Chapter 18 of the Delaware Limited Liability Company Act, 6 Del. C. §§ 18-101 et seq., as amended.
Delaware LLC Act is defined in the recitals.