Common use of THE MEMBERS Clause in Contracts

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 of the Act, 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

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48Sections 00-3a-408 00-000 and 00-00-000 of the Act, 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

Samples: Operating Agreement, Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 Consistent with Sections 12:1303 and 12:1311 of the ActLaw, 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

Samples: Operating Agreement, Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4818-3a-408 2012.2 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 322C.0407 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48Sections 23-3a-408 18-2-2 and 23-18-3-1.1 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 10.50.110 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48428-3a-408 403 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 605.0407 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48304-3a-408 C:45 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 183.0401 of the ActLaw, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48428-3a-408 403 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 10.50.110 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48Sections 23-3a-408 18-2-2 and 23-18-3-1.1 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 42:2C-37 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4800-3a-408 000-000 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4835-3a-408 8-504 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4800-3a-408 000-000 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48304-3a-408 C:45 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 Consistent with Sections 12:1303 and 12:1311 of the ActLaw, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4818-3a-408 2012.2 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 42:2C-37 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4834-3a-408 255f of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 10A-5A- 4.07 of the ActLaw, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48Sections 13.1-3a-408 1009 and 13.1-1023 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 450.4401 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48Sections 00-3a-408 00-000 and 00-00-000 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 29–804.07 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4835-3a-408 8-504 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4831B-4-3a-408 403 of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 489.407 of the Act, 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

Samples: Operating Agreement, Operating Agreement

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THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4834-3a-408 255f of the Act, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 10A-5A- 4.07 of the ActLaw, 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

Samples: Operating Agreement, Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4857D-2-3a-408 30 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4810-3a-408 32.1-39 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 of the Act, 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

Samples: Limited Liability Company Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4831B-4-3a-408 403 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48Sections 13.1-3a-408 1009 and 13.1-1023 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 487-3a-408 80-404 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 322C.0407 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4810-3a-408 32.1-39 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 183.0401 of the ActLaw, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4857D-2-3a-408 30 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 484-3a-408 38-407 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 15115(A) of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 484-3a-408 38-407 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 29–804.07 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 450.4401 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4847-3a-408 34A-403 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 4847-3a-408 34A-403 of the Act, 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

Samples: Operating Agreement

THE MEMBERS. Members are the owners of the Company. Pursuant to Section 48-3a-408 Sections 4054 and 4060 of the ActStatutes, 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

Samples: Operating Agreement

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