MEMBER OF THE COMPANY Sample Clauses

MEMBER OF THE COMPANY. The Named Insured, as the policyholder, is a member of the Company so long as the Policy is in force. Upon cancellation or non-renewal of the Policy, the Named Insured ceases to be a member of the Company.

MEMBER OF THE COMPANY. Red Oak Capital GP, LLC, a Delaware limited liability company By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Authorized Signatory MANAGING MEMBER OF ROCF II SERIES, a series of Red Oak Capital Fund Series, LLC, Red Oak Capital GP, LLC, a Delaware limited liability company By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Authorized Signatory MANAGING MEMBER OF ROCF IV SERIES a series of Red Oak Capital Fund Series, LLC, Red Oak Capital GP, LLC, a Delaware limited liability company By: /s/Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Authorized Signatory MANAGING MEMBER OF ROCF V SERIES, a series of Red Oak Capital Fund Series, LLC, Red Oak Capital GP, LLC, a Delaware limited liability company By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Authorized Signatory MANAGING MEMBER OF ROIOF SERIES, a series of Red Oak Capital Fund Series, LLC, Red Oak Capital GP, LLC, a Delaware limited liability company By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Authorized Signatory Exhibit 1 to Limited Liability Company Agreement (the “Agreement”), dated September 18, 2023, of Red Oak Capital Fund Series, LLC (the “Company”) and Red Oak Capital GP, LLC Series Designation of ROCF II Series, a series of Red Oak Capital Fund Series, LLC Capitalized terms used but not defined herein have the meanings assigned to such terms in the Agreement, as in effect as of the date of establishment set forth below. References to Sections and Articles set forth herein are references to Sections and Articles of the Agreement. Name of Series ROCF II Series, a series of Red Oak Capital Fund Series, LLC, a Delaware limited liability company (“ROCF II Series”) Date of establishment ROCF II Series shall be deemed established upon the effectiveness of the merger of Red Oak Capital Fund II, LLC, a Delaware limited liability company with and into the Company. Sole Member The Company Managing Member Red Oak Capital GP, LLC, a Delaware limited liability company, is the managing member of the Company and, as such, is effectively the managing member of ROCF II Series with effect from the effective date hereof and shall continue to act as the managing member of ROCF II Series until dissolution of ROCF II Series pursuant to Section 8.02(b) or its removal and replacement. Management Fee annual rate of 1.75% of gross principal outstanding of all bonds issued by ROCF II Series

MEMBER OF THE COMPANY. Admission of any other Person as a Member of the Company shall require the written consent of all of the Members.

MEMBER OF THE COMPANY. Each Originator is a member of the Company and has maintained books and records necessary to identify and track the capital contributions made by such Originator to the Company along with each distribution or adjustment of such Originator’s capital in the Company on a monthly.

MEMBER OF THE COMPANY. The registered holder of the Special Share shall be automatically admitted as a Preferred Member of the Company.

MEMBER OF THE COMPANY. The Buyer, in order to become the holder of the Purchased Units, hereby agrees to the following: (i) all of the Purchased Units shall constitute Units with the benefits of and subject to and bound by the restrictions and conditions applicable to Units as set forth in the Operating Agreement and (ii) he shall by execution of this Agreement become a Member of the Company and as such shall have the benefits of and be subject to and bound by the restrictions and conditions applicable to the Members, as all such benefits, obligations and restrictions are set forth in the Operating Agreement. The Buyer agrees to execute and delivery such instruments and to take such other actions as the Company may reasonably request, in connection with his purchase of the Purchased Units and his admission as a Member of the Company.