HHBF definition

HHBF shall refer to HHBF, Inc., which shall serve as a Manager of the Company.

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HHBF. SHALL REFER TO HHBF, INC., WHICH SHALL SERVE AS A MANAGER OF THE COMPANY. "HOSPITAL" SHALL MEAN AN ACUTE CARE HOSPITAL SPECIALIZING IN ALL ASPECTS OF CARDIOLOGY AND CARDIOVASCULAR CARE AND SURGERY IN BAKERSFIELD, CALIFORNIA, AS FURTHER DESCRIBED IN SECTION 2.3 OF THE AGREEMENT. "INVESTOR MANAGER" SHALL REFER TO THE INDIVIDUAL ELECTED BY INVESTOR MEMBERS IN ACCORDANCE WITH SECTION 5.13 WHO SHALL SERVE AS A MANAGER OF THE COMPANY. "INVESTOR MEMBERS" SHALL MEAN THE MEMBERS OTHER THAN HHBF LISTED ON THE INFORMATION EXHIBIT ATTACHED HERETO. "MAJORITY VOTE OF INVESTOR MEMBERS" SHALL REFER TO THE AFFIRMATIVE VOTE, APPROVAL OR CONSENT OF INVESTOR MEMBERS HOLDING A MAJORITY OF THE PERCENTAGE MEMBERSHIP INTERESTS HELD BY THE INVESTOR MEMBERS IN THE AGGREGATE.

Examples of HHBF in a sentence

• Each Member or its designated representatives shall, upon reasonable notice to HHBF, have access to such financial books, records and documents during reasonable business hours and may inspect and make copies of any of them.

• Any costs incurred by HHBF in connection with the foregoing shall be reimbursed promptly upon the completion of such action.

• HHBF shall promptly notify the Members of any changes in the Company's registered agent, registered office, or principal place of business.

• For purposes of determining Profits, Losses or any other items allocable to any period, such items shall be determined on a daily, monthly, or other basis, as determined by HHBF using any permissible method under Code Section 706 and the Regulations thereunder.

• The books of account and all documents and other writings of the Company, including the Articles of Organization and any amendments thereto, shall at all times be kept and maintained by HHBF or, if required by law, at the registered office of the Company.

• At HHBF's election the Company shall either be audited or such annual accountings shall be either reviewed or compiled by a firm of independent certified public accountants engaged by HHBF on behalf of the Company.

• The Company commenced on the filing of the Articles of Organization in the Office of the Secretary of State of North Carolina, as required by Section 2.1 hereof, and shall continue until December 31, 2035, unless sooner terminated or dissolved as provided herein; provided, however, that the termination date may be extended for up to an additional forty (40) years in five (5) year increments upon the election of HHBF.

• Heirs of Members shall be entitled to inherit the Membership Interests of a deceased Member, provided that upon a Member's death such interests shall be automatically converted to an Economic Interest only in the Company until such heir agrees in writing to all of the terms and conditions of this Agreement and such other reasonable terms as may be established by HHBF as a condition to such heir becoming a Member, in which event such interest shall again become a Membership Interest in the Company.

• Following the opening of the Hospital, HHBF shall also cause to be prepared and distributed to the Members quarterly financial statements following HHBF's public announcement of its results for such quarter in a form and containing such information as reasonably determined by HHBF.

• HHBF shall execute or cause to be executed all other such certificates or documents, and shall do or cause to be done all such filing, recording, or other acts, as may be necessary or appropriate from time to time to comply with the requirements of law for the continuation and/or operation of a limited liability company in the State of North Carolina, and other documents to reflect the admission of additional Members to the Company.