THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 of the Law, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Pursuant to Sections 12:1303 23-18-2-2 and 12:1311 23-18-3-1.1 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 48-3a-408 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Pursuant to Sections 12:1303 ▇▇-▇▇-▇▇▇ and 12:1311 ▇▇-▇▇-▇▇▇ of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 322C.0407 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 10-32.1-39 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Pursuant to Sections 12:1303 ▇▇-▇▇-▇▇▇ and 12:1311 ▇▇-▇▇-▇▇▇ of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 489.407 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 29–804.07 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 29–804.07 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section ▇▇-▇▇▇-▇▇▇ of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section ▇▇-▇▇▇-▇▇▇ of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Pursuant to Sections 12:1303 23-18-2-2 and 12:1311 23-18-3-1.1 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 of the Law, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Pursuant to Sections 12:1303 13.1-1009 and 12:1311 13.1-1023 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 42:2C-37 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 10A-5A- 4.07 of the Law, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 34-255f of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 10A-5A- 4.07 of the Law, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Pursuant to Sections 12:1303 13.1-1009 and 12:1311 13.1-1023 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 42:2C-37 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Pursuant to Sections 12:1303 4054 and 12:1311 4060 of the LawStatutes, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 1 contract
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 48-3a-408 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 1 contract
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 322C.0407 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 1 contract
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 10-32.1-39 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 1 contract
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 15115(A) of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 1 contract
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 47-34A-403 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 1 contract
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 47-34A-403 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 2 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 12. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 1 contract
Sources: Operating Agreement
THE MEMBERS. Members are the owners of the Company. Consistent with Sections 12:1303 and 12:1311 Pursuant to Section 31B-4-403 of the LawAct, Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.
Appears in 1 contract
Sources: Operating Agreement