LIMITED LIABILITY COMPANY AGREEMENT OF GRAHAM PACKAGING GP ACQUISITION LLC
Exhibit 3.209
OF
XXXXXX PACKAGING GP ACQUISITION LLC
THE UNDERSIGNED is executing this Limited Liability Company Agreement (the “Agreement”)
for the purpose of forming a limited liability company (the “Company”) pursuant to the provisions
of the Delaware Limited Liability Company Act, 6 Del. C. §§18-101 et seq. (the
“Act”).
1. Name. The name of the Company shall be Xxxxxx Packaging GP Acquisition LLC, or such
other name as the Members may from time to time hereafter designate.
2. Definitions. Capitalized terms not otherwise defined herein shall have the
meanings set forth therefore in Section 18-101 of the Act.
3. Purpose. The Company is formed for the purpose of engaging in any lawful business
permitted by the Act or the laws of any jurisdiction in which the Company may do business. The
Company shall have the power to engage in all activities and transactions which the Members deem
necessary or advisable in connection with the foregoing.
4. Offices.
(a) The principal place of business and office of the Company shall be located at, and the
Company’s business shall be conducted from, such place or places as the Members may designate from
time to time.
(b) The registered office of the Company in the State of Delaware shall be located at c/o The
Corporation Trust Company, 0000 Xxxxxx Xxxxxx, Xxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000. The
name and address of the registered agent of the Company for service of process on the Company in
the State of Delaware shall be The Corporation Trust Company, 0000 Xxxxxx Xxxxxx, Xxx Xxxxxx
Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000. The Members may from time to time change the registered agent
or office by an amendment to the certificate of formation of the Company.
5. Members. The name and address of each Member of the Company are as set forth on
Schedule A attached hereto. The business and affairs of the Company shall be managed by the
Members. The Members shall have the power to do any and all acts necessary or convenient to or for
the furtherance of the purposes described herein, including all powers, statutory or otherwise,
possessed by members under the laws of the State of Delaware. Each Member is hereby designated as
an authorized person, within the meaning of the Act, to execute, deliver and file the certificate
of formation of the Company (and any amendments and/or restatements thereof) and any other
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. The execution by one Member of any of the foregoing
certificates (and any amendments and/or restatements thereof) shall be sufficient.
6. Term. The term of the Company shall commence on the date of filing of the
certificate of formation of the Company and shall continue until the Company is dissolved and its
affairs are wound up in accordance with Section 13 of this Agreement and a certificate of
cancellation is filed in accordance with the Act.
7. Management of the Company. Any action to be taken by the Company shall require the
affirmative vote of Members holding a majority of the Limited Liability Company Interests of the
Company (except as otherwise expressly provided herein). Any action so approved may be taken by any
Member on behalf of the Company and any action so taken shall bind the Company.
8. Capital Contributions. Members shall make capital contributions to the Company in
such amounts and at such times as they shall mutually agree pro rata in accordance with
profit sharing interests as set forth in Schedule A hereof (“Profit Sharing Interests”),
which amounts shall be set forth in the books and records of the Company.
9. Assignments of Member Interest. A member may not sell, assign, pledge or otherwise
transfer or encumber (collectively, a “Transfer”) any of its Limited Liability Company Interest in
the Company to any Person without the written consent of the other Members, which consent may be
granted or withheld in each of their sole and absolute discretion.
10. Resignation. No Member shall have the right to resign from the Company except with
the consent of all of the Members and upon such terms and conditions as may be specifically agreed
upon between the resigning Member and the remaining Members. The provisions hereof with respect to
distributions upon resignation are exclusive and no Member shall be entitled to claim any further
or different distribution upon resignation under Section 18-604 of the Act or otherwise.
11. Allocations and Distributions. Distributions of cash or other assets of the
Company shall be made at such times and in such amounts as the Members may determine. Distributions
shall be made to (and profits and losses of the Company shall be allocated among) Members pro rata in accordance with each of their Profit Sharing Interests, or in such other manner and in
such amounts as all of the Members shall agree from time to time and which shall be reflected in
the books and records of the Company.
12. Return of Capital. No Member has the right to receive any distributions which
include a return of all or any part of such Member’s capital contribution, provided that upon the
dissolution and winding up of the Company, the assets of the Company shall be distributed as
provided in Section 18-804 of the Act.
13. Dissolution. The Company shall be dissolved and its affairs wound up upon the
occurrence of an event causing a dissolution of the Company under Section 18-801 of the Act, except
the Company shall not be dissolved upon the occurrence of an event that terminates the
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continued membership of a Member if (i) at the time of the occurrence of such event there are at
least two (2) Members of the Company, or (ii) within ninety (90) days after the occurrence of such
event, all remaining Members agree in writing to continue the business of the Company and to the
appointment, effective as of the date of such event, of one or more additional Members.
14. Amendments. This Agreement may be amended only upon the written consent of all of
the Members.
15. Miscellaneous. The Members shall not have any liability for the debts, obligations
or liabilities of the Company except to the extent provided by the Act. This Agreement shall be
governed by, and construed under, the laws of the State of Delaware, without regard to conflict of
law rules.
16. Officers. The Company, and each Member on behalf of the Company, acting singly or
jointly, may employ and retain persons as may be necessary or appropriate for the conduct of the
Company’s business (subject to the supervision and control of the Members), including employees and
agents who may be designated as Members), including employees and agents who may be designated as
officers with titles, including, but not limited to, “chairman,” “chief executive officer,”
“president,” “vice president,” “treasurer,” “secretary,” “managing director,” “chief financial
officer,” “assistant treasurer” and “assistant secretary” as and to the extent authorized by the
Members.
IN WITNESS WHEREOF, the undersigned has duly executed this Agreement as of August 31, 2010.
| XXXXXX PACKAGING PET TECHNOLOGIES INC. | ||||
| By: | /s/ Xxxxxx X. Xxxxxxxxx | |||
| Xxxxxx X. Xxxxxxxxx | ||||
| Vice President, Finance, Assistant Secretary & Assistant Treasurer |
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SCHEDULE A
| Name and Address of Members | Profit Sharing Interests | |||
Xxxxxx Packaging PET Technologies Inc. |
100% | |||
0000 Xxxxxxxx Xxxxxx Xxxx |
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Xxxx, Xxxxxxxxxxxx 00000 |
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