Exhibit 3.6
LIMITED LIABILITY COMPANY AGREEMENT
OF
CCH I HOLDINGS, LLC
(A DELAWARE LIMITED LIABILITY COMPANY)
This LIMITED LIABILITY COMPANY AGREEMENT (as amended from time to time,
this "AGREEMENT") is entered into as of August 18, 2005 by Charter
Communications Holdings, LLC, a Delaware limited liability company ("CHARTER"),
as the sole member of CCH I Holdings, LLC, a Delaware limited liability company
(the "COMPANY").
WITNESSETH:
WHEREAS, the Certificate of Formation of the Company was executed and filed
in the office of the Secretary of State of the State of Delaware on August 8th,
2005; and
WHEREAS, Charter is the sole member of the Company;
WHEREAS, the Company was formed by Charter based on the contribution of one
hundred percent of Charter's interest in CCH I, LLC to the Company;
NOW, THEREFORE, in consideration of the terms and provisions set forth
herein, the benefits to be gained by the performance thereof and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the party hereby agrees as follows:
SECTION 1. General.
(a) Formation. Effective as of the date and time of filing of the
Certificate of Formation in the office of the Secretary of State of the State of
Delaware, the Company was formed as a limited liability company under the
Delaware Limited Liability Company Act, 6 Del.C. Section 18-101, et. seq., as
amended from time to time (the "ACT") based on the contribution of one hundred
percent of Charter's interest in CCH I, LLC to the Company. Except as expressly
provided herein, the rights and obligations of the Members (as defined in
Section l(h)) in connection with the regulation and management of the Company
shall be governed by the Act.
(b) Name. The name of the Company shall be "CCH I Holdings, LLC." The
business of the Company shall be conducted under such name or any other name or
names that the Manager (as defined in Section 4(a)(i) hereof) shall determine
from time to time.
(c) Registered Agent. The address of the registered office of the Company
in the State of Delaware shall be c/o Corporation Service Company, 0000
Xxxxxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxxx 00000. The name and address of
the registered agent for service of process on the Company in the State of
Delaware shall be Corporation Service Company, 0000 Xxxxxxxxxxx Xxxx, Xxxxx 000,
Xxxxxxxxxx, Xxxxxxxx 00000. The registered
office or registered agent of the Company may be changed from time to time by
the Manager.
(d) Principal Office. The principal place of business of the Company shall
be at 00000 Xxxxxxxxxxx Xxxxx, Xx. Xxxxx, XX 00000. At any time, the Manager may
change the location of the Company's principal place of business.
(e) Term. The term of the Company commenced on the date of the filing of
the Certificate of Formation in the office of the Secretary of State of the
State of Delaware, and the Company will have perpetual existence until dissolved
and its affairs wound up in accordance with the provisions of this Agreement.
(f) Certificate of Formation. The execution of the Certificate of Formation
by Xxxxxxxxx X. Xxxxxx and the filing thereof in the office of the Secretary of
State of the State of Delaware are hereby ratified, confirmed and approved.
(g) Qualification; Registration. The Manager shall cause the Company to be
qualified, formed or registered under assumed or fictitious name statutes or
similar laws in any jurisdiction in which the Company transacts business and in
which such qualification, formation or registration is required or desirable.
The Manager, as an authorized person within the meaning of the Act, shall
execute, deliver and file any certificates (and any amendments and/or
restatements thereof) necessary for the Company to qualify to do business in a
jurisdiction in which the Company may wish to conduct business.
(h) Voting. Each member of the Company (if there is only one member of the
Company, the "MEMBER"; or if there are more than one, the "MEMBERS") shall have
one vote in respect of any vote, approval, consent or ratification of any action
(a "VOTE") for each one percentage point of Percentage Interest (as defined in
Section 7) held by such Member (totaling 100 Votes for all Members) (any
fraction of such a percentage point shall be entitled to an equivalent fraction
of a Vote). Any vote, approval, consent or ratification as to any matter under
the Act or this Agreement by a Member may be evidenced by such Member's
execution of any document or agreement (including this Agreement or an amendment
hereto) which would otherwise require as a precondition to its effectiveness
such vote, approval, consent or ratification of the Members.
SECTION 2. Purposes. The Company was formed for the object and purpose of,
and the nature of the business to be conducted by the Company is, engaging in
any lawful act or activity for which limited liability companies may be formed
under the Act.
SECTION 3. Powers. The Company shall have all powers necessary, appropriate
or incidental to the accomplishment of its purposes and all other powers
conferred upon a limited liability company pursuant to the Act.
SECTION 4. Management.
(a) Management by Manager.
i) Charter, as the sole member of the Company, hereby elects Charter
Communications, Inc., a Delaware corporation ("CCI"), or its
successor-in-interest that
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acquires directly or indirectly substantially all of the assets or business of
CCI, as the Company's manager (the "MANAGER"). CCI shall be the Manager until a
simple majority of the Votes elects otherwise. No additional person may be
elected as Manager without the approval of a simple majority of the Votes (for
purposes of this Agreement, to the extent the context requires, the term
"person" refers to both individuals and entities). Except as otherwise required
by applicable law and as provided below with respect to the Board, the powers of
the Company shall at all times be exercised by or under the authority of, and
the business, property and affairs of the Company shall be managed by, or under
the direction of, the Manager. The Manager is a "manager" of the Company within
the meaning of the Act. Any person appointed as Manager shall accept its
appointment by execution of a consent to this Agreement.
ii) The Manager shall be authorized to elect, remove or replace
directors and officers of the Company, who shall have such authority with
respect to the management of the business and affairs of the Company as set
forth herein or as otherwise specified by the Manager in the resolution or
resolutions pursuant to which such directors or officers were elected.
iii) Except as otherwise required by this Agreement or applicable law,
the Manager shall be authorized to execute or endorse any check, draft, evidence
of indebtedness, instrument, obligation, note, mortgage, contract, agreement,
certificate or other document on behalf of the Company without the consent of
any Member or other person.
iv) No annual or regular meetings of the Manager or the Members are
required. The Manager may, by written consent, take any action which it is
otherwise required or permitted to take at a meeting.
v) The Manager's duty of care in the discharge of its duties to the
Company and the Members is limited to discharging its duties pursuant to this
Agreement in good faith, with the care a director of a Delaware corporation
would exercise under similar circumstances, in the manner it reasonably believes
to be in the best interests of the Company and its Members.
vi) Except as required by the Act, no Manager shall be liable for the
debts, liabilities and obligations of the Company, including without limitation
any debts, liabilities and obligations under a judgment, decree or order of a
court, solely by reason of being a manager of the Company.
(b) Board of Directors.
i) Notwithstanding paragraph (a) above, the Manager may delegate its
power to manage the business of the Company to a board of natural persons
designated as "directors" (the "BOARD") which, subject to the limitations set
forth below, shall have the authority to exercise all such powers of the Company
and do all such lawful acts and things as may be done by a manager of a limited
liability company under the Act and as are not by statute, by the Certificate of
Formation (as amended from time to time, the "CERTIFICATE"), or by this
Agreement (including without limitation Section 4(c) hereof) directed or
required to
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be exercised or done by the Manager. Except for the rights and duties that are
assigned to officers of the Company, the rights and duties of the directors may
not be assigned or delegated to any person. No action, authorization or approval
of the Board shall be required, necessary or advisable for the taking of any
action by the Company that has been approved by the Manager. In the event that
any action of the Manager conflicts with any action of the Board, the action of
the Manager shall control.
ii) Except as otherwise provided herein, directors shall possess and
may exercise all the powers and privileges and shall have all of the obligations
and duties to the Company and the Members granted to or imposed on directors of
a corporation organized under the laws of the State of Delaware.
iii) The number of directors on the date hereof is two, which number
may be changed from time to time by the Manager. The directors as of the date
hereof shall be as set forth on Exhibit A hereto, provided that Exhibit A need
not be amended whenever the director(s) or his or her successors are changed in
accordance with the terms of this Agreement.
iv) Each director shall be appointed by the Manager and shall serve in
such capacity until the earlier of his or her resignation, removal (which may be
with or without cause) or replacement by the Manager.
v) No director shall be entitled to any compensation for serving as a
director. No fee shall be paid to any director for attendance at any meeting of
the Board; provided, however, that the Company may reimburse directors for the
actual reasonable costs incurred in such attendance.
(c) Consent Required.
i) None of the Members, Managers, directors, or officers of the
Company shall:
(1) do any act in contravention of this Agreement;
(2) cause the Company to engage in any business not permitted by
the Certificate or the terms of this Agreement;
(3) cause the Company to take any action that would make it
impossible to carry on the usual course of business of the Company (except to
the extent expressly provided for hereunder); or
(4) possess Company property or assign rights in Company property
other than for Company purposes.
ii) One hundred percentage (100%) of the Votes shall be required to:
(1) issue limited liability company interests in the Company to
any person;
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(2) change or reorganize the Company into any other legal form;
(3) approve a merger or consolidation of the Company with another
person;
(4) sell all or substantially all of the assets of the Company;
or
(5) voluntarily dissolve the Company.
iii) In addition to any approval that may be required under Section
15(b) to the extent amendment of this Agreement is required for any of the
following actions, the affirmative vote, approval, consent or ratification of
the Manager shall be required to:
(1) alter the primary purposes of the Company as set forth in
Section 2;
(2) issue limited liability company interests in the Company to
any person;
(3) enter into or amend any agreement which provides for the
management of the business or affairs of the Company by a person other than the
Manager (and the Board);
(4) change or reorganize the Company into any other legal form;
(5) approve a merger or consolidation of the Company with another
person;
(6) sell all or substantially all of the assets of the Company;
(7) operate the Company in such a manner that the Company becomes
an "investment company" for purposes of the Investment Company Act of 1940;
(8) except as otherwise provided or contemplated herein, enter
into any agreement to acquire property or services from any person who is a
director or officer of the Company;
(9) settle any litigation or arbitration with any third party,
any Member, or any affiliate of any Member, except for any litigation or
arbitration brought or defended in the ordinary course of business where the
present value of the total settlement amount or damages will not exceed
$5,000,000;
(10) materially change any of the tax reporting positions or
elections of the Company;
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(11) make or commit to any expenditures which, individually or in
the aggregate, exceed or are reasonably expected to exceed the Company's total
budget (as approved by the Manager) by the greater of 5% of such budget or Five
Million Dollars ($5,000,000);
(12) make or incur any secured or unsecured indebtedness which,
individually or in the aggregate, exceeds Five Million Dollars ($5,000,000),
provided that this restriction shall not apply to (i) any refinancing of or
amendment to existing indebtedness which does not increase total borrowing, (ii)
any indebtedness to (or guarantee of indebtedness of) any entity controlled by
or under common control with the Company ("INTERCOMPANY INDEBTEDNESS"), (iii)
the pledge of any assets to support any otherwise permissible indebtedness of
the Company or any Intercompany Indebtedness or (iv) indebtedness necessary to
finance a transaction or purchase approved by the Manager; or
(13) voluntarily dissolve the Company,
(d) Board Meetings.
i) Regular Meetings. Regular meetings of the Board may be held without
notice at such time and at such place as shall from time to time be determined
by the Board, but not less often than annually.
ii) Special Meetings. Special meetings of the Board may be called by
the President or any director on twenty-four (24) hours' notice to each
director; special meetings shall be called by the President or Secretary in like
manner and on like notice on the written request of Members holding a simple
majority of the Votes. Notice of a special meeting may be given by facsimile.
Attendance in person of a director at a meeting shall constitute a waiver of
notice of that meeting, except when the director objects, at the beginning of
the meeting, to the transaction of any business because the meeting is not duly
called or convened.
iii) Telephonic Meetings. Directors may participate in any regular or
special meeting of the Board, by means of conference telephone or similar
communications equipment, by means of which all persons participating in the
meeting can hear each other. Participation in a meeting pursuant to this Section
4(d)(iii) will constitute presence in person at such meeting.
iv) Quorum. At all meetings of the Board, a majority of the directors
shall constitute a quorum for the transaction of business, and the act of a
majority of the directors present at any meeting at which there is a quorum
shall be the act of the Board, except as may be otherwise specifically provided
by statute, the Certificate or this Agreement. If a quorum is not present at any
meeting of the Board, the directors present thereat may adjourn the meeting from
time to time until a quorum shall be present. Notice of such adjournment shall
be given to any director not present at such meeting.
v) Action Without Meeting. Unless otherwise restricted by the
Certificate or this Agreement, any action required or permitted to be taken at
any meeting of
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the Board may be taken without a meeting if all directors consent thereto in
writing and such written consent is filed with the minutes of proceedings of the
Board.
(e) Director's Duty of Care. Each director's duty of care in the discharge
of his or her duties to the Company and the Members is limited to discharging
his duties pursuant to this Agreement in good faith, with the care a director of
a Delaware corporation would exercise under similar circumstances, in the manner
he or she reasonably believes to be in the best interests of the Company and its
Members.
SECTION 5. Officers.
(a) Officers. The Company shall have such officers as may be necessary or
desirable for the business of the Company. The officers may include a Chairman
of the Board, a President, a Treasurer and a Secretary, and such other
additional officers, including one or more Vice Presidents, Assistant
Secretaries and Assistant Treasurers as the Manager, the Board, the Chairman of
the Board, or the President may from time to time elect. Any two or more offices
may be held by the same individual. The initial officers are set forth in
Exhibit A.
(b) Election and Term. The President, Treasurer and Secretary shall, and
the Chairman of the Board may, be appointed by and shall hold office at the
pleasure of the Manager or the Board. The Manager, the Board, or the President
may each appoint such other officers and agents as such person shall deem
desirable, who shall hold office at the pleasure of the Manager, the Board, or
the President, and who shall have such authority and shall perform such duties
as from time to time shall, subject to the provisions of Section 5(d) hereof, be
prescribed by the Manager, the Board, or the President.
(c) Removal. Any officer may be removed by the action of the Manager or the
action of at least a majority of the directors then in office, with or without
cause, for any reason or for no reason. Any officer other than the Chairman of
the Board, the President, the Treasurer or the Secretary may also be removed by
the Chairman of the Board or the President, with or without cause, for any
reason or for no reason.
(d) Duties and Authority of Officers.
i) President. The President shall be the chief executive officer and
(if no other person has been appointed as such) the chief operating officer of
the Company; shall (unless the Chairman of the Board elects otherwise) preside
at all meetings of the Members and Board; shall have general supervision and
active management of the business and finances of the Company; and shall see
that all orders and resolutions of the Board or the Manager are carried into
effect; subject, however, to the right of the directors to delegate any specific
powers to any other officer or officers. In the absence of direction by the
Manager, Board, or the Chairman of the Board to the contrary, the President
shall have the power to vote all securities held by the Company and to issue
proxies therefor. In the absence or disability of the President, the Chairman of
the Board (if any) or, if there is no Chairman of the Board, the most senior
available officer appointed by the Manager or the Board shall perform the duties
and exercise the powers of the President with the same force
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and effect as if performed by the President, and shall be subject to all
restrictions imposed upon him.
ii) Vice President. Each Vice President, if any, shall perform such
duties as shall be assigned to such person and shall exercise such powers as may
be granted to such person by the Manager, the Board or by the President of the
Company. In the absence of direction by the Manager, the Board or the President
to the contrary, any Vice President shall have the power to vote all securities
held by the Company and to issue proxies therefor.
iii) Secretary. The Secretary shall give, or cause to be given, a
notice as required of all meetings of the Members and of the Board. The
Secretary shall keep or cause to be kept, at the principal executive office of
the Company or such other place as the Board may direct, a book of minutes of
all meetings and actions of directors and Members. The minutes shall show the
time and place of each meeting, whether regular or special (and, if special, how
authorized and the notice given), the names of those present at Board meetings,
the number of Votes present or represented at Members' meetings, and the
proceedings thereof. The Secretary shall perform such other duties as may be
prescribed from time to time by the Manager or the Board and may be assisted in
his or her duties by any Assistant Secretary who shall have the same powers of
the Secretary in absence of the Secretary.
iv) Treasurer. The Treasurer shall have custody of the Company funds
and securities and shall keep or cause to be kept full and accurate accounts of
receipts and disbursements in books of the Company to be maintained for such
purpose; shall deposit all moneys and other valuable effects of the Company in
the name and to the credit of the Company in depositories designated by the
Manager or the Board; and shall disburse the funds of the Company as may be
ordered by the Manager or the Board.
v) Chairman of the Board. The Chairman of the Board, if any, shall
perform such duties as shall be assigned, and shall exercise such powers as may
be granted to him or her by the Manager or the Board.
vi) Authority of Officers. The officers, to the extent of their powers
set forth in this Agreement or otherwise vested in them by action of the Manager
or the Board not inconsistent with this Agreement, are agents of the Company for
the purpose of the Company's business and the actions of the officers taken in
accordance with such powers shall bind the Company.
SECTION 6. Members.
(a) Members. The Members of the Company shall be set forth on Exhibit B
hereto as amended from time to time. At the date hereof, Charter is the sole
Member. Charter is not required to make any capital contribution to the Company;
however, Charter may make capital contributions to the Company at any time in
its sole discretion (for which its capital account balance shall be
appropriately increased). Each Member shall have a capital account in the
Company, the balance of which is to be determined in accordance with the
principles of Treasury Regulation section 1.704-1(b)(2)(iv). The provisions of
this
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Agreement, including this Section 6, are intended to benefit the Members and, to
the fullest extent permitted by law, shall not be construed as conferring any
benefit upon any creditor of the Company. Notwithstanding anything to the
contrary in this Agreement, Charter shall not have any duty or obligation to any
creditor of the Company to make any contribution to the Company.
(b) Admission of Members. Other persons may be admitted as Members from
time to time pursuant to the provisions of this Agreement. If an admission of a
new Member results in the Company having more than one Member, this Agreement
shall be amended in accordance with the provisions of Section 15(b) to establish
the rights and responsibilities of the Members and to govern their
relationships.
(c) Limited Liability. Except as required by the Act, no Member shall be
liable for the debts, liabilities and obligations of the Company, including
without limitation any debts, liabilities and obligations of the Company under a
judgment, decree or order of a court, solely by reason of being a member of the
Company.
(d) Competing Activities. Notwithstanding any duty otherwise existing at
law or in equity, (i) neither a Member nor a Manager of the Company, or any of
their respective affiliates, partners, members, shareholders, directors,
managers, officers or employees, shall be expressly or impliedly restricted or
prohibited solely by virtue of this Agreement or the relationships created
hereby from engaging in other activities or business ventures of any kind or
character whatsoever and (ii) except as otherwise agreed in writing or by
written Company policy, each Member and Manager of the Company, and their
respective affiliates, partners, members, shareholders, directors, managers,
officers and employees, shall have the right to conduct, or to possess a direct
or indirect ownership interest in, activities and business ventures of every
type and description, including activities and business ventures in direct
competition with the Company.
(e) Bankruptcy. Notwithstanding any other provision of this Agreement, the
bankruptcy (as defined in the Act) of a Member shall not cause the Member to
cease to be a member of the Company and, upon the occurrence of such an event,
the Company shall continue without dissolution.
SECTION 7. Percentage Interests. For purposes of this Agreement,
"PERCENTAGE INTEREST" shall mean with respect to any Member as of any date the
proportion (expressed as a percentage) of the respective capital account balance
of such Member to the capital account balances of all Members. So long as
Charter is the sole member of the Company, Charter's Percentage Interest shall
be 100 percent.
SECTION 8. Distributions. The Company may from time to time distribute to
the Members such amounts in cash and other assets as shall be determined by the
Members acting by simple majority of the Votes. Each such distribution (other
than liquidating distributions) shall be divided among the Members in accordance
with their respective Percentage Interests. Liquidating distributions shall be
made to the Members in accordance with their respective positive capital account
balances. Each Member shall be entitled to look solely to the assets of the
Company for the return of such Member's positive capital account balance.
Notwithstanding that the assets of the Company remaining after payment
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of or due provision for all debts, liabilities, and obligations of the Company
may be insufficient to return the capital contributions or share of the
Company's profits reflected in such Member's positive capital account balance, a
Member shall have no recourse against the Company or any other Member.
Notwithstanding any provision to the contrary contained in this Agreement, the
Company shall not be required to make a distribution to the Members on account
of their interest in the Company if such distribution would violate the Act or
any other applicable law.
SECTION 9. Allocations. The profits and losses of the Company shall be
allocated to the Members in accordance with their Percentage Interests from time
to time.
SECTION 10. Dissolution; Winding Up.
(a) Dissolution. The Company shall be dissolved upon (i) the adoption of a
plan of dissolution by the Members acting by unanimity of the Votes and the
approval of the Manager or (ii) the occurrence of any other event required to
cause the dissolution of the Company under the Act.
(b) Effective Date of Dissolution. Any dissolution of the Company shall be
effective as of the date on which the event occurs giving rise to such
dissolution, but the Company shall not terminate unless and until all its
affairs have been wound up and its assets distributed in accordance with the
provisions of the Act and the Certificate is cancelled.
(c) Winding Up. Upon dissolution of the Company, the Company shall continue
solely for the purposes of winding up its business and affairs as soon as
reasonably practicable. Promptly after the dissolution of the Company, the
Manager shall immediately commence to wind up the affairs of the Company in
accordance with the provisions of this Agreement and the Act. In winding up the
business and affairs of the Company, the Manager may, to the fullest extent
permitted by law, take any and all actions that it determines in its sole
discretion to be in the best interests of the Members, including, but not
limited to, any actions relating to (i) causing written notice by registered or
certified mail of the Company's intention to dissolve to be mailed to each known
creditor of and claimant against the Company, (ii) the payment, settlement or
compromise of existing claims against the Company, (iii) the making of
reasonable provisions for payment of contingent claims against the Company and
(iv) the sale or disposition of the properties and assets of the Company. It is
expressly understood and agreed that a reasonable time shall be allowed for the
orderly liquidation of the assets of the Company and the satisfaction of claims
against the Company so as to enable the Manager to minimize the losses that may
result from a liquidation.
SECTION 11. Transfer. At such time as the Company has more than one Member,
no Member shall transfer (whether by sale, assignment, gift, pledge,
hypothecation, mortgage, exchange or otherwise) all or any part of his, her or
its limited liability company interest in the Company to any other person
without the prior written consent of each of the other Members; provided,
however, that this Section 11 shall not restrict the ability of any Member to
transfer (at any time) all or a portion of its limited liability company
interest in the Company to another Member. Upon the transfer of a Member's
limited liability
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company interest, the Manager shall provide notice of such transfer to each of
the other Members and shall amend Exhibit B hereto to reflect the transfer.
SECTION 12. Admission of Additional Members. The admission of additional or
substitute Members to the Company shall be accomplished by the amendment of this
Agreement, including Exhibit B, in accordance with the provisions of Section
15(b), pursuant to which amendment each additional or substitute Member shall
agree to become bound by this Agreement.
SECTION 13. Tax Matters. As of the date of this Agreement, the Company is a
single-owner entity for United States federal tax purposes. So long as the
Company is a single-owner entity for federal income tax purposes, it is intended
that for federal, state and local income tax purposes the Company be disregarded
as an entity separate from its owner for income tax purposes and its activities
be treated as a division of such owner. In the event that the Company has two or
more Members for federal income tax purposes, it is intended that (i) the
Company shall be treated as a partnership for federal, state and local income
tax purposes, and the Members shall not take any position or make any election,
in a tax return or otherwise, inconsistent therewith and (ii) this Agreement
will be amended to provide for appropriate book and tax allocations pursuant to
subchapter K of the Internal Revenue Code of 1986, as amended.
SECTION 14. Exculpation and Indemnification.
(a) Exculpation. Neither the Members, the Manager, the directors of the
Company, the officers of the Company, their respective affiliates, nor any
person who at any time shall serve, or shall have served, as a director,
officer, employee or other agent of any such Members, Manager, directors,
officers, or affiliates and who, in such capacity, shall engage, or shall have
engaged, in activities on behalf of the Company (a "SPECIFIED AGENT") shall be
liable, in damages or otherwise, to the Company or to any Member for, and
neither the Company nor any Member shall take any action against such Members,
Manager, directors, officers, affiliates or Specified Agent, in respect of any
loss which arises out of any acts or omissions performed or omitted by such
person pursuant to the authority granted by this Agreement, or otherwise
performed on behalf of the Company, if such Member, Manager, director, officer,
affiliate, or Specified Agent, as applicable, in good faith, determined that
such course of conduct was in the best interests of the Company and within the
scope of authority conferred on such person by this Agreement or approved by the
Manager. Each Member shall look solely to the assets of the Company for return
of such Member's investment, and if the property of the Company remaining after
the discharge of the debts and liabilities of the Company is insufficient to
return such investment, each Member shall have no recourse against the Company,
the other Members or their affiliates, except as expressly provided herein;
provided, however, that the foregoing shall not relieve any Member or the
Manager of any fiduciary duty, duty of care or duty of fair dealing to the
Members that it may have hereunder or under applicable law.
(b) Indemnification. In any threatened, pending or completed claim, action,
suit or proceeding to which a Member, a Manager, a director of the Company, any
officer of the Company, their respective affiliates, or any Specified Agent was
or is a party or is threatened to be made a party by reason of the fact that
such person is or was engaged in
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activities on behalf of the Company, including without limitation any action or
proceeding brought under the Securities Act of 1933, as amended, against a
Member, a Manager, a director of the Company, any officer of the Company, their
respective affiliates, or any Specified Agent relating to the Company, the
Company shall to the fullest extent permitted by law indemnify and hold harmless
the Members, Manager, directors of the Company, officers of the Company, their
respective affiliates, and any such Specified Agents against losses, damages,
expenses (including attorneys' fees), judgments and amounts paid in settlement
actually and reasonably incurred by or in connection with such claim, action,
suit or proceeding; provided, however, that none of the Members, Managers,
directors of the Company, officers of the Company, their respective affiliates
or any Specified Agent shall be indemnified for actions constituting bad faith,
willful misconduct, or fraud. Any act or omission by any such Member, Manager,
director, officer, or any such affiliate or Specified Agent, if done in reliance
upon the opinion of independent legal counsel or public accountants selected
with reasonable care by such Member, Manager, director, officer, or any such
affiliate or Specified Agent, as applicable, shall not constitute bad faith,
willful misconduct, or fraud on the part of such Member, Manager, director,
officer, or any such affiliate or Specified Agent.
(c) No Presumption. The termination of any claim, action, suit or
proceeding by judgment, order or settlement shall not, of itself, create a
presumption that any act or failure to act by a Member, a Manager, a director of
the Company, any officer of the Company, their respective affiliates or any
Specified Agent constituted bad faith, willful misconduct or fraud under this
Agreement.
(d) Limitation on Indemnification. Any such indemnification under this
Section 14 shall be recoverable only out of the assets of the Company and not
from the Members.
(e) Reliance on the Agreement. To the extent that, at law or in equity, a
Member, Manager, director of the Company, officer of the Company or any
Specified Agent has duties (including fiduciary duties) and liabilities relating
thereto to the Company or to any Member or other person bound by this Agreement,
such Member, Manager, director, officer or any Specified Agent acting under this
Agreement shall not be liable to the Company or to any Member or other person
bound by this Agreement for its good faith reliance on the provisions of this
Agreement. The provisions of this Agreement, to the extent that they restrict
the duties and liabilities of a Member, Manager, director of the Company,
officer of the Company or any Specified Agent otherwise existing at law or in
equity, are agreed by the parties hereto to replace such other duties and
liabilities of such Member, Manager, director or officer or any Specified Agent.
SECTION 15. Miscellaneous.
(a) Certificate of Limited Liability Company Interest. A Member's limited
liability company interest may be evidenced by a certificate of limited
liability company interest executed by the Manager or an officer in such form as
the Manager may approve; provided that such certificate of limited liability
company interest shall not bear a legend that causes such limited liability
company interest to constitute a security under Article 8
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(including Section 8-103) of the Uniform Commercial Code as enacted and in
effect in the State of Delaware, or the corresponding statute of any other
applicable jurisdiction.
(b) Amendment. The terms and provisions set forth in this Agreement may be
amended, and compliance with any term or provision set forth herein may be
waived, only by a written instrument executed by each Member. No failure or
delay on the part of any Member in exercising any right, power or privilege
granted hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any such right, power or privilege preclude any other or
further exercise thereof or the exercise of any other right, power or privilege
granted hereunder.
(c) Binding Effect. This Agreement shall be binding upon and inure to the
benefit of the Members and their respective successors and assigns.
(d) Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Delaware, without regard to any
conflicts of law principles that would require the application of the laws of
any other jurisdiction.
(e) Severability. In the event that any provision contained in this
Agreement shall be held to be invalid, illegal or unenforceable for any reason,
the invalidity, illegality or unenforceability thereof shall not affect any
other provision hereof.
(f) Multiple Counterparts. This Agreement may be executed in counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
(g) Entire Agreement. This Agreement constitutes the entire agreement of
the parties hereto with respect to the subject matter hereof and supersedes and
replaces any prior or contemporaneous understandings.
(h) Relationship between the Agreement and the Act. Regardless of whether
any provision of this Agreement specifically refers to particular Default Rules
(as defined below), (i) if any provision of this Agreement conflicts with a
Default Rule, the provision of this Agreement controls and the Default Rule is
modified or negated accordingly, and (ii) if it is necessary to construe a
Default Rule as modified or negated in order to effectuate any provision of this
Agreement, the Default Rule is modified or negated accordingly. For purposes of
this Section 15(h), "DEFAULT RULE" shall mean a rule stated in the Act which
applies except to the extent it may be negated or modified through the
provisions of a limited liability company's Limited Liability Company Agreement.
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IN WITNESS WHEREOF, the party has caused this Agreement to be duly executed
on the date first above written.
CHARTER COMMUNICATIONS HOLDINGS, LLC,
a Delaware limited liability company
By: /s/ Xxxx Xxxxxx
------------------------------------
Xxxx Xxxxxx
Senior Vice President
Accepting its appointment as the Company's Manager subject to the provisions of
this Agreement and agreeing to be bound by this Agreement:
CHARTER COMMUNICATIONS, INC., a Delaware
corporation
By: /s/ Xxxx Xxxxxx
------------------------------------
Xxxx Xxxxxx
Senior Vice President, Interim Chief
Financial Officer, Principal
Accounting Officer and Corporate
Controller
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EXHIBIT A
DIRECTOR
Xx Xxxxx Xxxxxx
Xxxxxx P. May
OFFICERS
Xxxx X. Xxxxxx, Senior Vice-President
Xxxxxx Xxxxxxx, Senior Vice-President
Xxxxxx X. Xxxxxxx, Senior Vice-President and Secretary
Xxxxxxx X. Xxxxxx, Assistant Secretary
EXHIBIT B
MEMBER
Charter Communications Holdings, LLC
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