Common use of Company Formation; Effective Date Clause in Contracts

Company Formation; Effective Date. The Company was formed upon the filing of the Articles of Organization with the North Carolina Secretary of State in accordance with the provisions of the Act. Upon the effectiveness of this Agreement, the Persons listed on the attached Information Exhibit shall be admitted to the Company as Members and the Persons who executed the Articles shall be withdrawn as Members (unless they are listed on the Information Exhibit), all without the necessity of any further act or instrument and without causing the dissolution of the Company. This Agreement shall be effective as of the date the Company was formed.

Company Formation; Effective Date. The Company was formed upon the filing of the Articles of Organization with the North Carolina Secretary of State in accordance with the provisions of the ActAct on June 15, 2001. This Agreement shall be effective as of the date that this Agreement has been executed by the Required Members of the Company as set forth in Section 11.2 (the “Effective Date”). Upon the effectiveness of this AgreementEffective Date, the Persons listed on the attached Information Exhibit shall be admitted to the Company as Members and the Persons who executed the Articles shall be withdrawn as Members (unless they are listed on the Information Exhibit)Members, all without the necessity of any further act or instrument and without causing the dissolution of the Company. This Agreement shall be effective as of the date the Company was formed.