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

To the extent there is a conflict between this Agreement and the Operating Agreement as it relates to tax matters concerning Covered Taxes and the Corporation and Parent, including preparation, filing or amending of any Tax Return and defending, contesting or settling any issue pertaining to taxes, this Agreement shall control.
Notwithstanding the foregoing, if any TRA Party sells, exchanges, distributes or otherwise Transfers Units to any Person (other than the Corporation or Parent) in accordance with the terms of the Operating Agreement, such TRA Party shall have the option to assign to the Transferee of such Units its TRA Interest and rights under this Agreement with respect to such Transferred Units; provided that such Transferee has satisfied the Joinder Requirement.
To the extent this Agreement imposes obligations on Parent or a member of Parent, this Agreement shall be treated as part of the Operating Agreement as described in Section 761(c) of the Code and sections 1.761-1(c) and 1.704-1(b)(2)(ii)(h) of the Treasury Regulations.

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 this Operating Agreement, as it may be amended or restated from time to time.

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