LLCL definition
Examples of LLCL in a sentence
The rights and liabilities of the Members shall be as provided in the LLCL, except as is otherwise expressly provided herein.
To the extent any provision of this Agreement is prohibited or ineffective under the LLCL, this Agreement shall be deemed to be amended to the least extent necessary in order to make this Agreement effective under the LLCL.
The Company shall keep or cause to be kept appropriate books and records in accordance with the LLCL with respect to the Company's business, which books and records shall at all times be kept at the principal office of the Company.
Except as required by the LLCL, no Member shall be personally liable for the return of any capital contribution, or any portion thereof, or the return of any additions to the Capital Accounts of the other Members, or any portion thereof, it being agreed that any return of capital as may be made at any time, or from time to time, shall be made solely from the assets of the Company, and only in accordance with the terms hereof.
The articles of cancellation shall set forth the information required by the LLCL.
The Company was formed as a limited liability company under the provisions of the LLCL by the filing on October 27, 1998 of the Certificate of Formation with the Secretary of State of the State of Delaware.
The Company is formed for the purpose of engaging in any lawful act or activity for which limited liability companies may be organized under the LLCL, and engaging in any other lawful act or activity for which limited liability companies may be formed under the LLCL and engaging in any and all activities necessary or incidental to the foregoing.
In the event the LLCL is subsequently amended or interpreted in such a way to make any provision of this Agreement that was formerly invalid valid, such provision shall be considered to be valid from the effective date of such interpretation or amendment.
The Company was formed for the purpose of engaging in any lawful business, except any business in Delaware for which a statute other than the LLCL specifically requires some other business entity or natural person to be formed or used for such business.
The term of the Company commenced as of the date of filing of the Certificate of Formation of the Company with the Secretary of State of the State of Delaware and the Company shall be dissolved and its affairs wound up as provided in said Certificate, in this Agreement or as otherwise provided in the LLCL.