RLLCA definition

RLLCA means the Florida Revised Uniform Limited Liability Company Act and any successor statute, as it may be amended from time to time.
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RLLCA means the Florida Revised Limited Liability Company Act. "ROFR Offer Notice" has the meaning set forth in Section 9.03(c)(i). "ROFR Offer Notice Period" has the meaning set forth in Section 9.03(c).‌‌
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Examples of RLLCA in a sentence

  • The rights, powers, duties, obligations and liabilities of the Members shall be determined pursuant to the RLLCA and this Agreement.

  • Except as otherwise provided in the RLLCA, by Applicable Law or expressly in this Agreement, no Member will be obligated personally for any debt, obligation or liability of the Company or other Members, whether arising in contract, tort or otherwise, solely by reason of being or acting as a Member.

  • No Member shall have the ability to dissociate or withdraw as a Member pursuant to Section 605.0601(1) or Section 605.0602(1) of the RLLCA, or otherwise, prior to the dissolution and winding up of the Company and any such dissociation or withdrawal or attempted dissociation or withdrawal by a Member prior to the dissolution or winding up of the Company shall be null and void.

  • Except as otherwise provided in the RLLCA, by Applicable Law or expressly in this Agreement, the Managers will not be obligated personally for any debt, obligation or liability of the Company, whether arising in contract, tort or otherwise, solely by reason of being or acting as Manager.

  • Upon the occurrence of an event described in Section 11.01, the Liquidator (as defined below) shall file articles of dissolution with the Department of State of the State of Florida under Section 605.0707 of the RLLCA, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 11.03, and the Articles of Organization shall have been cancelled as provided in Section 11.04.

  • To the extent that the rights, powers, duties, obligations and liabilities of any Member are different by reason of any provision of this Agreement than they would be under the RLLCA in the absence of such provision, this Agreement shall, to the extent permitted by the RLLCA, control.

  • Subject to the provisions of Section 7.02, and except as otherwise provided by the RLLCA or this Agreement, the Managers shall have full and complete discretion to manage and control the activities and affairs of the Company, to make all decisions affecting the activities and affairs of the Company, and to take all such actions as the Managers deems necessary or appropriate to accomplish the purposes of the Company set forth in Section 2.05.

  • Subject to the provisions of Section 7.02 and except as otherwise provided by the RLLCA or this Agreement, the Managers shall have full and complete discretion to manage and control the activities and affairs of the Company, to make all decisions affecting the activities and affairs of the Company and to take all such actions as it deems necessary or appropriate to accomplish the purposes of the Company set forth in Section 2.05.

  • All deposits made hereunder shall be held by the Treasurer of the Town of Huntington as escrow agent, in a non-interest bearing account, subject to the terms of this Agreement and shall be duly accounted for at the time for performance of this Agreement.

  • Upon the occurrence of an event described in Section 12.01, the Liquidator (as defined below) shall file articles of dissolution with the Department of State of the State of Florida under Section 605.0707 of the RLLCA, but the Company shall not terminate until the winding up of the Company has been completed, the assets of the Company have been distributed as provided in Section 12.03, and the Articles of Organization shall have been cancelled as provided in Section 12.04.