LLC Operating Agreement definition
Examples of LLC Operating Agreement in a sentence
Assignee does hereby accept the foregoing Assignment and assumes and agrees to be responsible for all liabilities and obligations under the LLC Operating Agreement from and after the date hereof relating to the Membership Interest.
The proxy granted pursuant to the immediately preceding sentence is given in consideration of (i) the agreements and covenants of the LLC and Member related to the distribution by the LLC of the Common Stock currently constituting the Shares pursuant to the LLC Operating Agreement, and (ii) the agreements and covenants of Member and Investor in the Assignment Agreement, and, as such, is coupled with an interest and shall be irrevocable.
LLC Operating Agreement; Purchase of Business Agreement; Confidentiality Agreement; Partnership Agreement; Business .
The Membership Interest shall be transferred to Acquirer free and clear of all liens, encumbrances, security interests, prior assignments or conveyances, conditions, restrictions, voting agreements, claims, and any other matters affecting title thereto (other than the LLC's operating agreement (the "LLC Operating Agreement")).
Contemporaneously with the execution and delivery of this Agreement, the Private Owner shall execute and deliver to the Company and the Initial Member the LLC Operating Agreement.