SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF ALLIANCE LAUNDRY SYSTEMS LLC Dated as of January 27, 2005
Exhibit 3.2.2
SECOND AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT
OF
Dated as of January 27, 2005
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Table of Contents
Page | ||||
ARTICLE I FORMATION OF LIMITED LIABILITY COMPANY |
2 | |||
Section 1.1 |
Continuation | 2 | ||
Section 1.2 |
Company Name | 2 | ||
Section 1.3 |
Term | 2 | ||
Section 1.4 |
Purposes and Powers | 2 | ||
Section 1.5 |
Registered Office | 3 | ||
Section 1.6 |
Registered Agent | 3 | ||
Section 1.7 |
Place of Business | 3 | ||
Section 1.8 |
Fiscal Year | 3 | ||
ARTICLE II CAPITAL CONTRIBUTIONS |
3 | |||
Section 2.1 |
Capital Contributions | 3 | ||
Section 2.2 |
Additional Capital Contributions | 3 | ||
ARTICLE III DISTRIBUTIONS |
3 | |||
Section 3.1 |
Distributions | 3 | ||
Section 3.2 |
Withholding | 4 | ||
ARTICLE IV MANAGEMENT |
4 | |||
Section 4.1 |
Management and Control. | 4 | ||
ARTICLE V LIABILITY, EXCULPATION, INDEMNIFICATION |
6 | |||
Section 5.1 |
Liability of Member. | 6 | ||
Section 5.2 |
Fiduciary Duty. | 6 | ||
Section 5.3 |
Indemnification | 7 |
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Table of Contents
(continued)
Page | ||||
Section 5.4 |
Expenses | 7 | ||
ARTICLE VI DISSOLUTION; ASSIGNMENT OF INTERESTS; RESIGNATIONS; ADDITIONAL MEMBERS |
7 | |||
Section 6.1 |
Dissolution | 7 | ||
Section 6.2 |
Assignment of Interests | 8 | ||
Section 6.3 |
Resignations | 8 | ||
Section 6.4 |
Additional Members | 8 | ||
ARTICLE VII BOOKS; ACCOUNTING; TAX RETURNS |
8 | |||
Section 7.1 |
Books and Records | 8 | ||
Section 7.2 |
Filings of Returns and Other Writings | 8 | ||
ARTICLE VIII DEFINITIONS |
9 | |||
ARTICLE IX MISCELLANEOUS |
10 | |||
Section 9.1 |
Entire Agreement | 10 | ||
Section 9.2 |
Waiver, Amendment, Etc | 10 | ||
Section 9.3 |
Binding Agreement | 10 | ||
Section 9.4 |
Notices | 11 | ||
Section 9.5 |
No Third-Party Beneficiaries | 11 | ||
Section 9.6 |
Governing Law | 11 | ||
Section 9.7 |
Severability | 11 | ||
Section 9.8 |
Table of Contents; Headings; Counterparts | 11 | ||
Schedule A |
||||
Schedule B |
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SECOND AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT
OF
This Second Amended and Restated Limited Liability Company Agreement (this “Agreement”) of Alliance Laundry Systems LLC, a Delaware limited liability company (the “Company”), is entered into as of January 27, 2005, by Alliance Laundry Holdings LLC, a Delaware limited liability company, as the sole member (the “Member”). Unless otherwise defined herein, capitalized terms used herein are defined in Article VIII hereof.
WHEREAS, the Member has heretofore formed a limited liability company on March 26, 1998 pursuant to and in accordance with the provisions of the Delaware Limited Liability Company Act, 6 Del. C. §18-101, et seq., as amended from time to time (the “Act”) by filing a Certificate of Formation of the Company (the “Certificate of Formation”) with the office of the Secretary of State of the State of Delaware on March 26, 1998 and entering into a Limited Liability Company Agreement of the Company, dated as of March 26, 1998 (the “Initial LLC Agreement”);
WHEREAS, the Member amended and restated the Initial LLC Agreement by entering into that certain Amended and Restated Limited Liability Company Agreement, dated as of May 5, 1998, of the Company, as amended by Amendment No. 1, dated as of July 23, 2003 (as amended, the “Original LLC Agreement”);
WHEREAS, the Member is the sole member of the Company and the owner of all the issued and outstanding limited liability company interests of the Company; and
WHEREAS, pursuant to the authority granted to the Member pursuant to Section 9.1 of the Original LLC Agreement as the holder of the Majority in Interests (as defined in the Original LLC Agreement), the Member desires to amend and restate the Original LLC Agreement of the Company in its entirety;
WHEREAS, the Company is an entity that is disregarded for U.S. federal income tax purposes as an entity separate from the Member; and
WHEREAS, the Member desires to continue the Company as a limited liability company under the Act;
NOW, THEREFORE, the Member hereby amends and restates the Original LLC Agreement, in its entirety as follows:
ARTICLE I
FORMATION OF LIMITED LIABILITY COMPANY
Section 1.1 Continuation. The Member hereby agrees to continue the Company as a limited liability company under and pursuant to the Act and agrees that the rights, duties and liabilities of the Member shall be as provided in the Act, except as otherwise provided herein. The name and mailing address of the Member are set forth on Schedule A hereto. The Member was admitted as a member of the Company upon its execution and delivery of the Initial LLC Agreement. Upon the execution of a counterpart signature page to this Agreement, the Member shall continue as a member.
Section 1.2 Company Name. The name of the Company heretofore formed and continued hereby is Alliance Laundry Systems LLC.
Section 1.3 Term. The term of the Company shall continue until the Company is dissolved and terminated pursuant to the provisions of Section 6.1.
Section 1.4 Purposes and Powers. (a) The purposes of the Company are, and the Company shall have the power and authority, to engage in all lawful acts or activities for which limited liability companies may be formed under the Act and any and all activities necessary, convenient or incidental to the furtherance and accomplishment of the foregoing.
(b) The Company is hereby authorized to execute, deliver and perform, and the Member or any Authorized Signatory on behalf of the Company is hereby authorized to execute and deliver, the Transaction Documents and all documents, agreements, certificates, or financing statements contemplated thereby or related thereto, and any amendments thereof, all without any further act, vote or approval of any other Person notwithstanding any other provision of this Agreement. The foregoing authorization shall not be deemed a restriction on the powers of or an authorization of the Member or any Authorized Signatory to enter into other agreements on behalf of the Company.
(c) The merger of ALH Finance LLC, a Delaware limited liability company (“ALH Finance”), with and into the Company, with the Company being the surviving entity of such merger, pursuant to an Agreement and Plan of Merger and Plan of Reorganization (the “Merger Agreement”) among the Company, ALH Holding Inc. and ALH Finance, in such form as shall be executed by the Member or an Authorized Signatory on behalf of the Company, and the transactions contemplated thereby, are hereby authorized and approved. The Company is hereby authorized to execute, deliver and perform, and the Member or any Authorized Signatory on behalf of the Company is hereby authorized to execute and deliver, the Merger Agreement, and all documents, agreements or certificates contemplated thereby or related thereto (including the Certificate of Merger of ALH Finance with and into the Company), all without any further act, vote or approval of any other person or entity notwithstanding any other
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provision of this Agreement. The foregoing authorization shall not be deemed a restriction on or an authorization of the powers of the Member to enter into other agreements on behalf of the Company.
Section 1.5 Registered Office. The address of the registered office of the Company in the state of Delaware is c/o The Corporation Trust Company, Corporation Trust Center, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000.
Section 1.6 Registered Agent. The name and address of the registered agent of the Company for service of process on the Company in the state of Delaware is The Corporation Trust Company, Corporation Trust Center, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000.
Section 1.7 Place of Business. The Company may maintain an office and principal place of business at such places or places inside or outside the state of Delaware as the Member may designate from time to time.
Section 1.8 Fiscal Year. The fiscal year of the Company (the “Fiscal Year”) shall end on December 31.
ARTICLE II
CAPITAL CONTRIBUTIONS
Section 2.1 Capital Contributions. The Member has contributed to the capital of the Company an amount set forth opposite the Member’s name on Schedule A hereto. The Member may make capital contributions to the Company in the form of cash, services or otherwise, from time to time, and upon such contribution the Member’s capital account balance shall be adjusted accordingly; provided, however, that the Member shall not be obligated to make capital contributions to the Company.
Section 2.2 Additional Capital Contributions. The Member shall have the right, but not the obligation, to make additional capital contributions to the Company at the times and in the amounts determined by the Member.
ARTICLE III
DISTRIBUTIONS
Section 3.1 Distributions. Distributions may be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding anything to the contrary contained herein, the Company, and the Member on behalf of the Company, shall not make a distribution to the Member on account of the interest of the Member in the Company if such distribution would violate §18-607 of the Act or other applicable law.
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Section 3.2 Withholding. Any distribution to the Member pursuant to this ARTICLE III shall be deemed to include any applicable tax deducted or withheld or otherwise payable with respect to the Member, including, in the event that the Member receives a distribution from or in respect of which tax has been withheld, the portion of such tax that is attributable to the Member’s interest in the Company, and the Member hereby authorizes the Company to withhold and to pay over, or otherwise pay, any such taxes. If and to the extent that the Company shall be required to pay any such taxes in respect of the Member, and the Member is not concurrently entitled to a cash distribution from the Company, the Company shall notify the Member as to the amount of such tax and the Member shall make a prompt payment to the Company of such amount.
ARTICLE IV
MANAGEMENT
Section 4.1 Management and Control.
(a) The property, business and affairs of the Company shall be managed and conducted by the Member. The Company may only act and bind itself through actions of the Member, or through the actions of the agents, officers and employees of the Company (as described in paragraph (b) below) if and to the extent authorized by this Agreement or by the Member in accordance with the provisions of this Agreement. The Member 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 a member under the laws of the state of Delaware. The Member shall be a “manager” (within the meaning of the Act) of the Company. Notwithstanding any other provision in this Agreement, in no event shall the Company or the Member establish or appoint a board of directors or board of managers.
(b) The Member may (i) authorize by written action any person to enter into and perform any agreement on behalf of the Company, (ii) appoint a Chief Executive Officer and President, one or more Senior Vice Presidents, one or more Vice Presidents, a Secretary, an Assistant Secretary, a Chief Financial Officer and a Chief Legal Officer with duties and powers described in this Section 4.1 and (iii) appoint individuals, with such titles as it may select, as employees or officers of the Company to act on behalf of the Company, with such power and authority as the Member may delegate from time to time to any such person (collectively, the “Authorized Signatories”). Any such persons, officers and employees, whether designated by the Member to act on behalf of the Company or otherwise, may be appointed or removed by the Member at any time and from time to time, with or without cause. Any officer may resign his or her office at any time by delivering a written resignation to the Member. Unless otherwise specified therein, such resignation shall take effect upon delivery. The officers shall have such powers and duties in the management of the Company as may be delegated to them by the Member or in this Agreement (unless such powers or duties shall be modified by the Member), except that in any event each officer shall exercise such powers and perform
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such duties as may be required by law. As of the date hereof, the officers of the Company shall be as set forth on Schedule B hereto. The Chief Executive Officer and President shall have primary responsibility for the management of the day-to-day business and affairs of the Company and shall have such other duties and powers as the Member may from time to time prescribe. Each Senior Vice President and Vice President shall perform such duties and have such powers as the Member may from time to time prescribe. The Chief Financial Officer shall have primary responsibility for all funds and securities of the Company and shall deposit all such funds to the credit of the Company in such banks, trust companies or other depositories as shall be selected in accordance with the provisions of this Agreement; he shall disburse the funds of the Company as may be ordered by the Member, making proper vouchers for such disbursements; and, in general, he shall perform such other duties and have such other powers as the Member may from time to time prescribe. The Chief Legal Officer shall perform such duties as may from time to time be prescribed by the Member. The Secretary shall keep the records of all written actions of the Member and shall be the custodian of all contracts, deeds, documents and all other indicia of title to properties owned by the Company and of its other corporate records and shall perform such other duties as may from time to time be prescribed by the Member. The Secretary shall properly maintain and file all books, reports, statements, certificates and all other documents and records required by law, the Certificate or by this Agreement. The Assistant Secretary, if any, shall, in the absence of the Secretary or in the event of the Secretary’s inability to act, perform the duties and exercise the powers of the Secretary and shall perform such other duties as may be prescribed by the Member.
(c) Any Person dealing with the Company, the Member or any of the Authorized Signatories may rely on a certificate signed by the Member or the Secretary of the Company:
i. as to the identity of the Member or an Authorized Signatory;
ii. as to the existence or nonexistence of any fact or facts which constitute conditions precedent to acts by the Member or which are in any other manner germane to the affairs of the Company;
iii. as to who is authorized to execute and deliver any instrument or document on behalf of the Company;
iv. as to the authenticity of any copy of this Agreement and amendments hereto;
v. as to any act or failure to act by the Company or as to any other matter whatsoever involving the Company or the Member (solely with respect to the activities of the Company); or
vi. as to the authority of the Member to act.
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(d) Xxxxx X. Xxxxxxx (or such other person as may from time to time be designated by the Member for such purpose) is hereby designated as an authorized person, within the meaning of the Act, to execute, deliver and file any amendments and/or restatements of the certificate of formation of the Company (and any amendments and/or restatements thereof); 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; any documents required to obtain a U.S. taxpayer identification number; and any documents otherwise required in order for the Company to conduct business. The execution, delivery and filing of the certificate of formation of the Company by Xxxxxxxx X. Xxxxx and the certificate of amendment of the certificate of formation of the Company by Xxxxxx X. L’Esperance, with the Secretary of State of the State of Delaware are hereby ratified and affirmed in all respects.
ARTICLE V
LIABILITY, EXCULPATION, INDEMNIFICATION
Section 5.1 Liability of Member.
(a) Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member of the Company.
(b) Neither the Member nor any of its affiliates, nor their respective shareholders, controlling Persons, officers, directors, advisory directors, members, partners, employees, agents or representatives (each, a “Covered Person”), shall be liable to the Company or any other Person bound by this Agreement for any loss, liability, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on the Covered Person by this Agreement, except that a Covered Person shall be liable for any loss, liability, damage or claim incurred by reason of such Covered Person’s gross negligence or willful misconduct.
Section 5.2 Fiduciary Duty.
(a) The provisions of this Agreement, to the extent that they restrict or eliminate the duties and liabilities of a Covered Person otherwise existing at law or in equity, are agreed by the parties hereto to replace such other duties and liabilities of such Covered Person. Whenever in this Agreement a Covered Person is permitted or required
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to make decisions in good faith, the Covered Person shall act under such standard and shall not be subject to any other or different standard imposed by this Agreement or any relevant provisions of law or in equity or otherwise.
(b) A Covered Person shall be fully protected in relying in good faith upon the records of the Company and upon such information, opinions, reports or statements presented to the Company by any Person as to matters the Covered Person reasonably believes are within such Person’s professional or expert competence.
Section 5.3 Indemnification. To the fullest extent permitted by applicable law, a Covered Person shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Covered Person by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company, except that no Covered Person shall be entitled to be indemnified in respect of any loss, damage or claim incurred by such Covered Person by reason of such Covered Person’s gross negligence or willful misconduct with respect to such acts or omissions; provided, that any indemnity under this Section 5.3 shall be provided out of and to the extent of Company assets only, and no Covered Person shall have any personal liability on account thereof. For a period of six years from the closing of the Acquisition, unless required by law, the managers, officers and directors of the Company prior to the closing of the Acquisition shall be entitled to the rights relating to exculpation, indemnification and advancement of expenses to the extent and as set forth in Section 4.3 of the Original LLC Agreement.
Section 5.4 Expenses. To the extent permitted by applicable law, expenses (including reasonable attorneys’ fees, disbursements, fines and amounts paid in settlement) incurred by a Covered Person in defending any claim, demand, action, suit or proceeding relating to or arising out of their performance of their duties on behalf of the Company may, from time to time and at the discretion of the Member, be advanced by the Company prior to the final disposition of such claim, demand, action, suit or proceeding upon receipt by the Company of an undertaking by or on behalf of the Covered Person to repay such amount if it shall ultimately be determined that the Covered Person is not entitled to be indemnified as authorized in Section 5.3.
ARTICLE VI
DISSOLUTION; ASSIGNMENT OF INTERESTS;
RESIGNATIONS; ADDITIONAL MEMBERS
Section 6.1 Dissolution. (a) The Company shall be dissolved upon the earliest to occur of any of the following: (i) the decision of the Member to dissolve the Company, (ii) at any time there are no members of the Company unless the Company is continued without dissolution in accordance with the Act, or (iii) the entry of a decree of judicial dissolution under § 18-802 of the Act.
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(b) In the event of dissolution, the Company shall conduct only such activities as are necessary to wind up its affairs (including the sale of the assets of the Company in an orderly manner), and the assets of the Company shall be applied in the manner, and in the order of priority, set forth in Section 18-804 of the Act.
Section 6.2 Assignment of Interests. The Member shall be permitted to assign all or any portion of its interest in the Company to any Person that assumes all or such portion of the Member’s obligation under this Agreement. The transferee shall be admitted to the Company as a member upon its execution of a counterpart signature page to this Agreement. If the Member transfers all of its interest in the Company pursuant to this Section 6.2, such admission shall be deemed effective immediately prior to the transfer, and, immediately following such admission, the transferor Member shall cease to be a member of the Company.
Section 6.3 Resignations. The Member may resign from the Company only if it has transferred all of its interest in the Company to another Person that has assumed all of the obligations of the Member under this Agreement and has been admitted to the Company as a member of the Company. An additional member shall be admitted to the Company, subject to Section 6.4 hereof, upon its execution of a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following such admission, the resigning Member shall cease to be a member of the Company.
Section 6.4 Additional Members. One (1) or more additional members of the Company may be admitted to the Company with the written consent of the Member.
ARTICLE VII
BOOKS; ACCOUNTING; TAX RETURNS
Section 7.1 Books and Records. The Member shall keep, or cause to be kept, complete and accurate books and records of account of the Company. The books of the Company shall be kept on the basis of income tax accounting principles, to the extent that such principles are not inconsistent with other provisions of this Agreement, and shall at all times be maintained or made available at the principal business office of the Company. The full name and last known business address of the Member, a copy of the Certificate of Formation, including all certificates of amendment thereto, copies of the Company’s state and local income tax returns and reports, if any, for the three most recent years, copies of this Agreement and of any financial statements of the Company for the three most recent years and all other records required to be maintained pursuant to the Act, shall be maintained at the principal business office of the Company.
Section 7.2 Filings of Returns and Other Writings. The Member shall cause the preparation and timely filing of all Company tax returns and shall, on behalf of the
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Company, timely file all other writings required by any governmental authority having jurisdiction to require such filing.
ARTICLE VIII
DEFINITIONS
Any capitalized term used in this Agreement without definition shall have the meaning set forth below.
“Affiliate” shall mean, with respect to any Person, any other Person that directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, such Person. For purposes of the foregoing, “control” (including the terms “controlling,” “controlled by” and “under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise, or the actual or beneficial ownership of more than 50% of the outstanding voting securities of a Person or, in the case of a Person that is a partnership or limited liability company, ownership of any general partner interest or managing member interest, respectively, therein.
“Credit Agreement” shall mean that certain Senior Credit Facility, dated as of January 27, 2005, among the Company, the Member, ALH Finance LLC, Xxxxxx Brothers Inc., the Bank of Nova Scotia, LaSalle Bank National Association, Royal Bank of Canada and Xxxxxx Commercial Paper Inc., together with each of the exhibits and schedules thereto and the other agreements entered into in connection therewith on January 27, 2005.
“Guarantee and Collateral Agreement” shall mean that certain Guarantee and Collateral Agreement, dated as of January 27, 2005, among the parties enumerated therein, in favor of Xxxxxx Commercial Paper Inc., as administrative agent, together with each of the exhibits and schedules thereto and the other agreements entered into in connection therewith on January 27, 2005.
“Indenture” shall mean that certain Indenture, dated as of January 27, 2005, among ALH Finance LLC, ALH Finance Corporation and The Bank of New York Trust Company, N.A., as trustee, and the notes and guarantees entered into in connection therewith or issued pursuant thereto on January 27, 2005.
“Member” shall mean Alliance Laundry Holdings LLC, as the initial member of the Company, and includes any Person admitted as an additional member of the Company or a substitute member of the Company pursuant to the provisions of this Agreement, each in its capacity as a member of the Company.
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“Notes” shall mean those certain 8 1/2% Senior Subordinated Notes due 2013 to be issued by ALH Finance LLC and ALH Finance Corporation pursuant to the Indenture.
“Person” shall mean a natural person, partnership (whether general or limited and whether domestic or foreign), limited liability company, foreign limited liability company, trust, estate, association, corporation, custodian, nominee or any other individual or entity in its own or any representative capacity.
“Purchase Agreement” shall mean that certain Purchase Agreement relating to Senior Subordinated Notes due 2013, among the parties enumerated therein and accepted by Xxxxxx Brothers Inc., as representative for Scotia Capital (USA) Inc., RBC Capital Markets Corporation, ABN Amro Incorporated and Xxxxxx Brothers Inc., and any related joinder agreement to be executed in connection therewith.
“Registration Rights Agreement” shall mean that certain Registration Rights Agreement, among the parties enumerated therein and Xxxxxx Brothers Inc., Scotia Capital (USA) Inc., RBC Capital Markets Corporation and ABN AMRO Incorporated, as initial purchasers, and any related joinder agreement to be executed in connection therewith.
“Supplemental Indenture” shall mean that certain Supplemental Indenture to the Indenture, dated as of January 27, 2005, among the Company, a permitted successor to ALH Finance LLC, Alliance Laundry Corporation, a permitted successor to ALH Finance Corporation, and The Bank of New York, as Trustee.
“Transaction Documents” shall mean the Credit Agreement, the Guarantee and Collateral Agreement, the Purchase Agreement, the Registration Rights Agreement, the Indenture, the Supplemental Indenture and the Notes.
ARTICLE IX
MISCELLANEOUS
Section 9.1 Entire Agreement. This Agreement constitutes the entire agreement and understanding of the Member with respect to the subject matter hereof, and supersedes any prior oral or written agreements, commitments or terms pertaining thereto.
Section 9.2 Waiver, Amendment, Etc. This Agreement may not be amended or supplemented, and, no waivers of or consents to departures from the provisions hereof shall be effective, unless set forth in a writing signed by the Member.
Section 9.3 Binding Agreement. This Agreement shall be binding upon, and inure to the benefit of the Member and its successors and permitted assigns.
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Section 9.4 Notices. All notices and other communications required or permitted by this Agreement shall be made in writing and shall be deemed to have been given when personally delivered, mailed by first class mail (postage prepaid and return receipt requested), transmitted by facsimile, or sent by a nationally recognized overnight courier (charges prepaid), at the address for notices to the Member as set forth in Schedule A hereto or to such other addresses or facsimile number as have been supplied in writing to the Company.
Section 9.5 No Third-Party Beneficiaries. Except as provided in Article V with respect to the exculpation and indemnification of Covered Persons, nothing in this Agreement shall confer any rights upon any Person other than the Member and its successors and permitted assigns.
Section 9.6 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE (OTHER THAN ANY CONFLICT OF LAWS RULE WHICH MIGHT RESULT IN THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION). IN THE EVENT OF A CONFLICT BETWEEN ANY PROVISION OF THIS AGREEMENT AND ANY NON-MANDATORY PROVISION OF THE ACT, THE PROVISION OF THIS AGREEMENT SHALL CONTROL AND TAKE PRECEDENCE.
Section 9.7 Severability. The invalidity or unenforceability of any particular provision of this Agreement shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision was omitted.
Section 9.8 Table of Contents; Headings; Counterparts. The table of contents and the headings in this Agreement are for convenience of reference only and will not affect the construction of any provisions hereof. This Agreement may be executed in one or more counterparts, each of which when so executed and delivered will be deemed an original but all of which will constitute one and the same Agreement.
[Remainder of page intentionally left blank.]
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IN WITNESS WHEREOF, the undersigned has executed and delivered this Agreement as of the date first above written.
ALLIANCE LAUNDRY HOLDINGS LLC | ||
By: |
/s/ XXXXXX X. L’ESPERANCE | |
Name: Xxxxxx X. L’Esperance | ||
Title: President and Chief Financial Officer |
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Schedule A
Member |
Capital Contribution |
Percentage Interest | ||
Alliance Laundry Holdings LLC
c/o Alliance Laundry Systems LLC Xxxxxxx Xxxxxx X.X. Xxx 000 Xxxxx, Xxxxxxxxx 00000-0000 |
* | 100% |
* | Alliance Laundry Holdings LLC’s capital contribution consists of property previously contributed to the Company. |
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Schedule B
Officers of the Company
Xxxxxx X. L’Esperance | President & Chief Executive Officer | |
Xxxxxxx X. Brothers | Senior Vice President | |
Xxxxx X. Xxxxxx | Vice President & Chief Financial Officer | |
Xxxxxxx X. Xxxxxxxx | Vice President | |
R. Xxxxx Xxxxxx | Vice President | |
Xxxxxx X. Xxxxxxx | Vice President | |
Xxxxx X. Xxxxxxx | Vice President, Chief Legal Officer & Secretary |
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