Examples of Series Agreement in a sentence
The Board of Directors shall cause the Membership List and the Shareholder List to be updated to reflect changes in the Members and Shareholders accomplished in accordance with this Agreement, which updates shall not constitute an amendment to this Agreement or any Series Agreement.
The Board of Directors shall monitor the Operating Manager to ensure that the administrative procedures, operations and programs of the Company and the Series are in accordance with this Agreement, each Series Agreement and any Type Designation.
Except as expressly provided otherwise in this Agreement, (i) the terms and provisions of a Series Agreement may have the effect of altering, supplementing and amending the terms and provisions hereof, and (ii) to the extent that any of the terms or provisions of a Series Agreement conflict with any of the terms or provisions of this Agreement as applied to the relevant Series, the terms or provisions of such Series Agreement shall control with respect to such Series.
The purpose of the Company and, unless otherwise provided in the Series Agreement of a Series, each Series, is to engage, directly or indirectly, in any business activity that that may be engaged in by a limited liability company formed under the Act, as such business activities may be determined by the Board of Directors from time to time.
The terms of each Series shall be as set forth in this Agreement and in a separate Series Agreement for each Series as previously executed and attached hereto to as Exhibit A and incorporated herein by reference, but with any changes therein that the Board of Directors may determine in its sole discretion.