Common use of Formation and Term Clause in Contracts

Formation and Term. The Company was formed as a Delaware limited liability company on November 6, 2000. The term of the Company shall continue until the Company is dissolved and its affairs wound up in accordance with the provisions of this Agreement. The Company and the Members hereby forever discharge the organizer, and the organizer shall be indemnified by the Company and the Members from and against, any expense or liability incurred by the organizer by reason of having been the organizer of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Sligo Partners LLC), Operating Agreement (Sligo Partners LLC)

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Formation and Term. The Company was formed as a Delaware limited liability company on November 6, 2000company. The term of the Company shall continue until the Company is dissolved and its affairs wound up in accordance with the provisions of this Agreement. The Company and the Members hereby forever discharge the organizer, and the organizer shall be indemnified by the Company and the Members from and against, any expense or liability incurred by the organizer by reason of having been the organizer of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Capitalsource Holdings LLC), Operating Agreement (Capitalsource Holdings LLC)

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Formation and Term. The Company was formed as a Delaware limited liability company on November 6September 7, 20002012. The term of the Company shall continue until the Company is dissolved and its affairs wound up in accordance with the provisions of this Agreement. The Company and the Members hereby forever discharge the organizer, and the organizer shall be indemnified by the Company and the Members from and against, any expense or liability incurred by the organizer by reason of having been the organizer of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (AAC Holdings, Inc.), Limited Liability Company Agreement (AAC Holdings, Inc.)

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