Series Designation. The Company, with the Manager’s approval, may establish separate Series, as contemplated by Section 18-215 of the Act. For all purposes of the Act, this Agreement, constitutes the “limited liability company agreement” of the Company within the meaning of the Act. The Manager may establish a new Series by attaching to this Agreement a Series Designation detailing the key terms of such Series. In the event of a conflict between the terms and conditions of this Agreement and a Series Designation, the terms and conditions of the Series Designation shall prevail. Notwithstanding any other provision of this Agreement, the establishment of a new Series shall not be deemed an amendment of this Agreement for purposes of Section 9.5. Such new Series shall be deemed established as of the date noted on the Series Designation.
Appears in 4 contracts
Samples: Operating Agreement (Landa App 3 LLC), Limited Liability Company Agreement, Limited Liability Company Agreement (Landa App 2 LLC)
