Operating Agreement definition

Operating Agreement has the meaning set forth in the recitals to this Agreement.

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Operating Agreement means the agreement, whether or not referred to as an operating agreement and whether oral, in a record, implied, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in section 489.110, subsection 1. The term includes the agreement as amended or restated.

Operating Agreement means this Agreement.

Examples of Operating Agreement in a sentence

• The operation of this Section 6.06 may be triggered upon written notice (the “Buy/Sell Offering Notice”) by any Member or group of Members given at any time after the first anniversary of the Effective Date to any other Member or group of Members, provided (A) the Member or Members initiating such notice are not then in default of the Operating Agreement; and (B) the provisions of this Section 6.06 are not then in effect with respect to a prior Buy/Sell Offering Notice.

• In consideration for the Contributed Assets, Transferee agrees to issue to Transferor 40 Membership Units in Transferee (the “Membership Interest”), free and clear of all Encumbrances other than as imposed by the Operating Agreement or applicable securities laws.

• Transferor has full corporate power and authority to enter into this Agreement, the Operating Agreement, and the other documents and agreements being executed by Transferor in connection with the consummation of the transactions contemplated by this Agreement (collectively, including this Agreement, the “Transaction Agreements”), to carry out its obligations thereunder, and to consummate the transactions contemplated thereby.

More Definitions of Operating Agreement

Operating Agreement means a written agreement by the member of a limited liability company that has 1 member, or between all of the members of a limited liability company that has more than 1 member, pertaining to the affairs of the limited liability company and the conduct of its business. The term includes any provision in the articles of organization pertaining to the affairs of the limited liability company and the conduct of its business.

Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.

Operating Agreement means an agreement of the members as to the affairs of a limited liability

Operating Agreement means the Fund’s Agreement and Declaration of Trust.

Operating Agreement means the operating agreement of BSEF.

Operating Agreement means the Operating Agreement of the Company, as amended from time to time.

Operating Agreement means the Limited Liability Company Agreement of the Company, as it may be amended or restated from time to time.