Contract
EXHIBIT 3.31
LIMITED
LIABILITY COMPANY OPERATING AGREEMENT dated as of December 15, 2009, (the “Operating Agreement”), of Worldspan LLC (the “Company”), by WS Holdings
LLC as member of the Company (the “Member”).
RECITAL
The member desires to form the Company under the Delaware Limited Liability
Company Act (as amended from time to time, the “Act”).
Accordingly, in consideration of the mutual covenants contained herein, the
parties hereto hereby agree as follows:
1. Name. The name of the Company shall be Worldspan LLC, or such other
name as the Member(s) (it being understood that there may be more than one
Member of the Company in the future in accordance with the terms of this
Agreement) may from time to time hereafter designate.
2. Definitions. Capitalized terms not otherwise defined herein shall have
the meanings set for the 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 of 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 Member(s) deem necessary or advisable in
connection with the foregoing.
4. Office.
a) The principal place of business and office of the
Company shall initially be located at 000 Xxxxxxxx Xxxxxxx, X.X.
Xxxxxxx, XX 00000 and the Company’s business shall be conducted from
such place or such other places as the Member(s) may designate from
time to time.
b) The registered office of the Company in the State of
Delaware shall be located at c/o Corporation Service Company, 0000
Xxxxxxxxxxx Xxxx, Xxxxx 000, 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 Corporation Service
Company, 0000 Xxxxxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxxx 00000.
The Member(s) 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 sole member of the Company as of the date hereof is the
Member, whose registered address is 000 Xxxxxxxx Xxxxxxx, X.X. Xxxxxxx, XX
00000. Additional members may be admitted to the Company (including upon a
transfer of a Member’s interests in the Company or a new issuance of interest)
upon the unanimous consent of, and on such terms and conditions as shall be
determined by, the Member(s) of the Company at the time of such admission.
6. Term. The term of the Company shall commence on the date of filing of
the certificate of formation of the Company in accordance with the Act and
shall continue until the Company is dissolved and its affairs are wound up in
accordance with Section 11 of this Agreement and a certificate of cancellation
is filed in accordance with the Act.
7. Management of the Company. The Company shall be managed and the
conduct of its business will be controlled by the Member. The Member shall
have the authority to appoint and terminate officers with or without cause as
the Member deems necessary and the officers shall have the authorities as may
be delegated to them by the Member. The Member(s) shall manage the affairs of
the Company; provided that authorization for Company action shall require the
approval of a majority of the Member(s) (based on the aggregate membership
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interests outstanding). The Member(s) shall have the power to do any and all
acts necessary or convenient to or for the furtherance of the purposes
described herein. The Member(s) shall have the power to bind the Company.
8. Capital Contributions. The Member(s) shall make capital contributions
to the Company in such amounts and at such times as the Member(s) determine in
their sole and absolute discretion are necessary in furtherance of the
Company’s purposes; provided, that, to the extent not compensated for
in cash or a note, any services provided to the Company by a Member shall be
considered a capital contribution in an amount equal to the fair market value of
such services, as determined in good faith by the Company at the time of
performance.
9. Resignation. A Member shall not resign from the Company except upon
the transfer of all of his interest in the Company or the concurrent
dissolution of the Company.
10. Distributions. Member(s) may receive distributions in cash or in kind
in such amounts and at such times as such Member(s) shall determine in their
sole and absolute discretion, subject to the requirements of Section 18-607 of
the Act and other applicable law.
11. Dissolution. The Company shall be dissolved and its affairs wound up
on the first to occur of the following:
(i)
Occurrence of an event with respect to
a Member causing a dissolution of the
Company under Section 18-801 of the Act;
(ii)
the death or bankruptcy of a Member; or
(iii)
the resignation of the
Member(s)pursuant to Section 9 of this
Agreement
12. Amendments. This Agreement may be amended only upon the written
consent of a majority of the Member(s) based on aggregate membership interests
outstanding).
13. Miscellaneous. Neither the Member(s) nor any authorized person shall
have any liability for the debts, obligations or liabilities of the Company
except to the extent
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expressly required by the Act. This Agreement shall be
governed by, and construed under, the laws of the State of Delaware.
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IN WITNESS WHEREOF, the party hereto has executed this Agreement as of the day and year first above written. |
WS HOLDINGS LLC | ||||||
By: | /s/
Xxxxxxxx X. Xxxx |
|||||
Name: Xxxxxxxx X. Xxxx | ||||||
Group Vice President and Secretary |
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Schedule A
Members | Common Interest | |||
WS Holdings LLC
|
100% |
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