Common use of Formation of Company; Term Clause in Contracts

Formation of Company; Term. The Company is a limited liability company governed by this Agreement and the Act. The Company is an entity separate from the Member, formed by the execution and filing with the Secretary of State of the State of Delaware of the Certificate of Formation of the Company and the entry into the Original Limited Liability Company Agreement. Unless sooner dissolved pursuant to the Act and this Agreement, the Company is to continue in perpetuity. G. Lxx Xxxxxx, as an “authorized person” within the meaning of the Act, has executed, delivered and filed the Certificate of Formation of the Company with the Secretary of State of the State of Delaware, such execution, delivery and filing being hereby ratified and approved in all respects. Upon the filing of the Certificate of Formation with the Secretary of State of the State of Delaware, his powers as an “authorized person” ceased, and, subject to Section 15.5, the Member thereupon became the designated “authorized person” and shall continue as the designated “authorized person” within the meaning of the Act.

Formation of Company; Term. The Company is a limited liability company governed by this Agreement and the Act. The Company is an entity separate from the Member, formed by the execution and filing with the Secretary of State of the State of Delaware of the Certificate of Formation of the Company and the entry into the Original initial Limited Liability Company AgreementAgreement of the Company. Unless sooner dissolved pursuant to the Act and this Agreement, the Company is to continue in perpetuity. G. Lxx XxxxxxXxxxx X. Xxxxx, as an “authorized person” within the meaning of the Act, has executed, delivered and filed the Certificate of Formation of the Company with the Secretary of State of the State of Delaware, such execution, delivery and filing being hereby ratified and approved in all respects. Upon the filing of the Certificate of Formation with the Secretary of State of the State of Delaware, his powers as an “authorized person” ceased, and, subject to Section 15.5, the Member thereupon became the designated “authorized person” and shall continue as the designated “authorized person” within the meaning of the Act.

Formation of Company; Term. The Company is a limited liability company governed by this Agreement and the Act. The Company is an entity separate from the Member, formed by the execution and filing with the Secretary of State of the State of Delaware of the Certificate of Formation of the Company and the entry into the Original Limited Liability Company Agreement. Unless sooner dissolved pursuant to the Act and this Agreement, the Company is to continue in perpetuity. G. Lxx Xxx Xxxxxx, as an “authorized person” within the meaning of the Act, has executed, delivered and filed the Certificate of Formation of the Company with the Secretary of State of the State of Delaware, such execution, delivery and filing being hereby ratified and approved in all respects. Upon the filing of the Certificate of Formation with the Secretary of State of the State of Delaware, his powers as an “authorized person” ceased, and, subject to Section 15.5, the Member thereupon became the designated “authorized person” and shall continue as the designated “authorized person” within the meaning of the Act.