OWNERSHIP AND CAPITAL CONTRIBUTIONS. CAPITAL ACCOUNTS 17
OWNERSHIP AND CAPITAL CONTRIBUTIONS. CAPITAL ACCOUNTS 15 Section 4.1 Authorized Units; General Provisions With Respect to Xxxxx 00 Xxxxxxx 4.2 Voting Rights 18 Section 4.3 Capital Contributions; Unit Ownership 18 Section 4.4 Capital Accounts 19 Section 4.5 Other Matters 20 Section 4.6 Redemption of Units 20 ARTICLE V ALLOCATIONS OF PROFITS AND LOSSES 27 Section 5.1 Profits and Losses 27 Section 5.2 Special Allocations 28 Section 5.3 Allocations for Tax Purposes in General 30 Section 5.4 Other Allocation Rules 31 ARTICLE VI DISTRIBUTIONS 32 Section 6.1 Distributions 32 Section 6.2 Tax-Related Distributions 33 Section 6.3 Distribution Upon Withdrawal 34 ARTICLE VII MANAGEMENT 34 Section 7.1 The Managing Member; Fiduciary Duties 34 Section 7.2 Officers 35 Section 7.3 Warranted Reliance by Officers on Others 35 Section 7.4 Indemnification 36 Section 7.5 Maintenance of Insurance or Other Financial Arrangements 37 Section 7.6 Resignation or Termination of Managing Member 37 Section 7.7 No Inconsistent Obligations 37 Section 7.8 Reclassification Events of PubCo 38 Section 7.9 Certain Costs and Expenses 38 ARTICLE VIII ROLE OF MEMBERS 39 Section 8.1 Rights or Powers 39 Section 8.2 Voting 39 Section 8.3 Various Capacities 40 Section 8.4 Investment Opportunities 40 ARTICLE IX TRANSFERS OF INTERESTS 41 Section 9.1 Restrictions on Transfer 41 Section 9.2 Notice of Transfer 43 Section 9.3 Transferee Members 43 Section 9.4 Pledgee’s Rights; Units to be General Intangibles 43 Section 9.5 Legend 44 ARTICLE X ACCOUNTING 45 Section 10.1 Books of Account 45 Section 10.2 Tax Elections 45 Section 10.3 Tax Returns; Information 46 Section 10.4 Tax Matters Member and Company Representative 46 Section 10.5 Withholding Tax Payments and Obligations 47 ARTICLE XI DISSOLUTION AND TERMINATION 48 Section 11.1 Liquidating Events 48 Section 11.2 Bankruptcy 48 Section 11.3 Procedure 49 Section 11.4 Rights of Members 50 Section 11.5 Notices of Dissolution 50 Section 11.6 Reasonable Time for Winding Up 50 Section 11.7 No Deficit Restoration 50 ARTICLE XII GENERAL 50 Section 12.1 Amendments; Waivers 50 Section 12.2 Further Assurances 51 Section 12.3 Successors and Assigns 51 Section 12.4 Entire Agreement 52 Section 12.5 Rights of Members Independent 52 Section 12.6 Governing Law 52 Section 12.7 Jurisdiction and Venue 52 Section 12.8 Headings 52 Section 12.9 Counterparts 52 Section 12.10 Notices 53 Section 12.11 Representation By Counsel; Interpretation 53 Section 12.12 Severability 54 Section 12.13 Expenses 54 Section 12.14 No T...
OWNERSHIP AND CAPITAL CONTRIBUTIONS. CAPITAL ACCOUNTS 17 Section 4.1 Authorized Units; General Provisions With Respect to Xxxxx 00 Xxxxxxx 4.2 Voting Rights 20 Section 4.3 Capital Contributions; Unit Ownership 20 Section 4.4 Capital Accounts 21 Section 4.5 Other Matters 21 Section 4.6 Redemption of Units 22 ARTICLE V ALLOCATIONS OF PROFITS AND LOSSES 29 Section 5.1 Profits and Losses 29 Section 5.2 Special Allocations 29 Section 5.3 Allocations for Tax Purposes in General 32 Section 5.4 Income Tax Allocations with Respect to Depletable Properties 33 Section 5.5 Other Allocation Rules 34 ARTICLE VI DISTRIBUTIONS 35 Section 6.1 Distributions 35 Section 6.2 Tax-Related Distributions 36 Section 6.3 Distribution Upon Withdrawal 36 ARTICLE VII MANAGEMENT 36 Section 7.1 The Managing Member; Fiduciary Duties 36
OWNERSHIP AND CAPITAL CONTRIBUTIONS. 6 Section 3.1 Ownership.........................................................................6 Section 3.2 Additional Contributions..........................................................6 Section 3.3 No Right to Return of Capital Contribution........................................6 Section 3.4 Certification.....................................................................6 Section 3.5 Stated Capital....................................................................7 Section 3.6 Return of Stated Capital..........................................................7 Section 3.7 Return on Shares..................................................................7
OWNERSHIP AND CAPITAL CONTRIBUTIONS. CAPITAL ACCOUNTS 9 3.1 Initial Capital Contributions. 9
OWNERSHIP AND CAPITAL CONTRIBUTIONS
