After Xx. Xxxxx transfers Debt 1 to FEEL and MIE uses part of Debt l(b) to offset Debt 3 with FEEL:
After Xx. Xxx’x third suitability notation, Trainee Management Unit Chief Xxxxxx Xxxxxxx placed Xx. Xxx under Suitability Review. On March 8, 2018, Xx. Xxx was required to appear before a Trainee Review Board. Xx. Xxxxx testified before the Trainee Review Board, that Xx. Xxx had “contraband” in her room, again referring to Xx. Xxx’x reasonable accommodations. The Board recommended Xx. Xxx be discharged from Basic Training. On March 9, 2018, the Acting Assistant Director of the Training Division discharged Xx. Xxx from Basic Training.
After Xx. Xxxxx has had the chance to review this Agreement and to consult with her attorney, if she wishes, she should sign the Agreement and return it to SABI within 22 days. After Xx. Xxxxx has executed and delivered this Agreement, she shall have seven (7) days following the date of execution during which time she may revoke this agreement, provided, however, that, if she elects to return an executed copy of the document to us before the expiration of 22 days from the date hereof, she may revoke this Agreement at any time before the later to occur of seven (7) days following the date of execution or 22 days after the date hereof. If SABI does not receive a written revocation from Xx. Xxxxx, or her attorney, prior to the expiration of the period in which she may revoke this Agreement, this Agreement will become effective on the date after the expiration of the applicable revocation period.
After Xx. Xxxxx’x death:
(a) Management shall no longer be reserved to the Members;
After Xx. Xxxxx’x death:
(a) Each Class I Member shall be entitled to one vote for each Unit held by it upon any matter submitted to a vote at a meeting of the Members;
(b) Class II Members shall vote as a single class and shall have only one vote in matters concerning dissolution of the Company as set forth in Section 9.1(b);
(c) Class III Members shall vote as a single class and shall have only one vote in matters concerning dissolution of the Company as set forth in Section 9.1(b);
(d) Class IV Members shall vote as a single class and shall have only one vote in matters concerning dissolution of the Company as set forth in Section 9.1(b); and
(e) Class II Members, Class III Members and Class IV Members shall have no other voting rights.
After Xx. Xxxxx’x death, references to “Members” in Sections 2.5.3, 2.5.4, 2.5.6, 2.5.7, 3.1, 3.4, 4.6, 7.3, 8.1.4, 9.2.1, 10.1, 10.2, 10.5, 10.6.1, and 10.7 shall mean only the Class I Members.
After Xx. Xxxxx’x death, the Class I Members may, from time to time, appoint such Person or Persons to serve as “Manager” under this Operating Agreement. The Manager shall have such powers to manage the business and affairs of the Company, to exercise all such powers of the Company and all such other lawful acts on behalf of the Company as set forth below, except as the Class I Members may otherwise specify from time to time. Notwithstanding the foregoing, the Members shall personally retain such rights, powers and responsibilities as are personal to them (including the rights and powers granted to the Members under Sections 5.11, 10.5.1, and 11.2) or as is otherwise required by law.
After Xx. Xxxxx’x death, no Class III Member may Transfer any of its Units to a Transferee other than a Transferee who then holds not less than ten percent (10%) of the total outstanding Units of the Company (regardless of class) and who then has been a Member of the Company for at least one year prior to the Transfer. However, any Transfer made at or by reason of the death of Xx. Xxxxx of Class III Units that are included in his gross estate for federal estate tax purposes shall not be subject to the restrictions of this Section 8.1.2.
After Xx. Xxxxx’x death, upon the death, expulsion, bankruptcy or dissolution of any Class I Member or the occurrence of any other event that terminates the continued membership of the Class I Member in the Company, unless the business of the Company is continued by the consent of all remaining Class I Members within 90 days following the occurrence of any such event;
After Xx. Xxxxx’x death, all checks, drafts or other orders for the payment of money, and, subject to Section 6.3, all notes or other evidences of indebtedness, issued in the name of the Company shall be signed by any Class I Member, the Manager or any other Person specified by the Class I Members by form of bank resolution or authorized by other action of the Class I Members.