Common use of IN WITNESS OF Clause in Contracts

IN WITNESS OF. the parties have executed this Agreement as of the date first mentioned above. _______________________________ Member Name Company Name By: Name: Member Name Title: Member EXHIBIT C SPOUSAL CONSENT TO OPERATING AGREEMENT I, the undersigned, being the spouse of one of the members named in the Company Name Operating Agreement (the "Agreement"), acknowledge that: I have read the Agreement in its entirety and understand that: Upon the occurrence of certain events as specified in the Agreement, Company Name (the “Company”) will have the right to and may be obligated to purchase membership interests owned by another member at a price and on terms and conditions set forth in the Agreement; The purchase of any member’s Interest will include his or her entire interest, including any community property interest and other marital property interests of such member’s spouse; and The Agreement imposes certain restrictions on any attempts by me to transfer any interest I may have in the Company or any Interest in the Company by virtue of my marriage. I approve and agree to be bound by all terms of the Agreement and agree that any interest (community property or otherwise) that I may have in the Company are subject to the terms of this spousal consent and the Agreement. I agree that my spouse may join in any future amendments or modifications to the Agreement without any notice to me and without any signature, acknowledgment, agreement or consent on my part. I agree that I will transfer any interest I may have in the Company by my will or estate documents, outright and free of trust to my spouse. I acknowledge that I have been advised and have been encouraged to seek independent counsel of my own choosing to represent me in matters regarding the Operating Agreement and my signing this spousal consent. I consent to the Company and my spouse making and maintaining the Subchapter S Election (if applicable) under the Internal Revenue Code, as amended from time to time.

Appears in 15 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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IN WITNESS OF. the parties have executed this Agreement as of the date first mentioned above. _______________________________ Member Name Company Name LLC By: Name: Member Name Title: Member EXHIBIT C SPOUSAL CONSENT TO OPERATING AGREEMENT I, the undersigned, being the spouse of one of the members named in the Company Name LLC Operating Agreement (the "Agreement"), acknowledge that: I have read the Agreement in its entirety and understand that: Upon the occurrence of certain events as specified in the Agreement, Company Name LLC (the “Company”) will have the right to and may be obligated to purchase membership interests owned by another member at a price and on terms and conditions set forth in the Agreement; The purchase of any member’s Interest will include his or her entire interest, including any community property interest and other marital property interests of such member’s spouse; and The Agreement imposes certain restrictions on any attempts by me to transfer any interest I may have in the Company or any Interest in the Company by virtue of my marriage. I approve and agree to be bound by all terms of the Agreement and agree that any interest (community property or otherwise) that I may have in the Company are subject to the terms of this spousal consent and the Agreement. I agree that my spouse may join in any future amendments or modifications to the Agreement without any notice to me and without any signature, acknowledgment, agreement or consent on my part. I agree that I will transfer any interest I may have in the Company by my will or estate documents, outright and free of trust to my spouse. I acknowledge that I have been advised and have been encouraged to seek independent counsel of my own choosing to represent me in matters regarding the Operating Agreement and my signing this spousal consent. I consent to the Company and my spouse making and maintaining the Subchapter S Election (if applicable) under the Internal Revenue Code, as amended from time to time.

Appears in 2 contracts

Samples: Operating Agreement, Limited Liability Company Operating Agreement

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