TLLCL definition

TLLCL means the Texas Limited Liability Company Law, part of the Texas Business Organizations Code.

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TLLCL shall have the meaning set forth in Section 2.

TLLCL has the meaning given such term in the preamble hereto.

Examples of TLLCL in a sentence

The Member, in its sole discretion, may cause the Company to distribute to the Member cash available, subject to limitations in the TLLCL.
The Member shall have all rights, powers and authority generally conferred by the TLLCL on the members of a limited liability company managed by its members or as otherwise provided by law or necessary, advisable or consistent with accomplishing the purposes of the Company.
The Member shall make all decisions affecting the business of the Company, except to the extent that this Agreement or nonwaivable provisions of the TLLCL require otherwise.
The Company was formed as described above and is continued as a limited liability company under the TLLCL and other relevant laws of the State of Texas.
Other than as specifically provided in this Agreement or nonwaivable provisions of the TLLCL, no Member shall have the right to vote upon any matter concerning the business and affairs of the Company.
The Manager shall keep or cause to be kept at the principal office of the Company appropriate books and records with respect to the Company’s business including, without limitation, all books and records necessary to provide to the Members any information, lists, and copies of documents required to be provided pursuant to the TLLCL.
The Company commenced upon the filing of the Certificate in accordance with the TLLCL and shall have perpetual existence, unless the Company is sooner terminated in accordance with the provisions of this Agreement.
Without limiting the foregoing, the Class B Interests shall have no voting rights other than those voting rights specifically required under the TLLCL.
The Company was formed when its certificate of formation (the “Certificate”) was filed by an “organizer” (within the meaning of the TLLCL) with the Secretary of State of the State of Texas pursuant to and in accordance with the TLLCL.
The organizer has caused the Certificate to be filed with the Secretary of State of the State of Texas as required by the TLLCL.

More Definitions of TLLCL

TLLCL means the Texas Limited Liability Company Law, which comprises a part of the TBOC, as amended, modified or supplemented from time to time (or any corresponding provisions of succeeding law).

TLLCL means the Texas Limited Liability Company Law, part of the BOC.

TLLCL. The Texas Limited Liability Company Law, part of the Texas Business Organization Code, and any successor statute, as amended and recodified from time to time.

TLLCL has the meaning set forth in the Recitals of this Agreement.

TLLCL means the Texas Limited Liability Company Law set forth in the Texas Business Organizations (“TBOC”). Certain other capitalized terms not defined above shall have the meanings given such terms in the Agreement.