OPERATING AGREEMENT OF ALLIED WASTE SERVICES OF NORTH AMERICA, LLC
Exhibit 3.93
OPERATING AGREEMENT OF
ALLIED WASTE SERVICES OF NORTH AMERICA, LLC
ALLIED WASTE SERVICES OF NORTH AMERICA, LLC
This Operating Agreement is executed as of November 3, 2004, by BFI
Waste Systems of North America, Inc., a Delaware corporation (the “Member”)
as the sole member of the Company.
SECTION 1. DEFINITIONS; THE COMPANY
1.1 Definitions. Capitalized words and phrases used in this
Agreement shall have the meanings set forth in Section 8.7 hereof.
1.2 Formation. The parties hereby form the Company as a limited
liability company pursuant to the provisions of the Act and upon the terms
and conditions set forth in this Agreement and the Certificate of Formation.
1.3 Name. The name of the Company is Allied Waste Services of
North America, LLC. The name of the Company may be changed at any time by
the Member.
1.4 Purpose. The purpose of the Company is primarily to engage
in and conduct the business of solid waste management and disposal, and to
engage in any other business or activity permitted under Delaware law and
the laws of any jurisdiction in which the Company may do business.
1.5 Intent. It is the intent of the Member that the Company be
treated as a separate entity for state law purposes, but be disregarded as
an entity and operated in a manner consistent with its treatment as a
“division” of the Member for federal and state income tax purposes. It also
is the intent of the Member that the Company not be operated or treated as a
“partnership” for purposes of Section 303 of the federal Bankruptcy Code.
1.6 Office. The registered office of the Company within the
State of Delaware shall be The Corporation Trust Company, 0000 Xxxxxx
Xxxxxx, Xxxxxxxxxx, Xxxxxxxx, Xxxxxx of New Castle. The registered office
may be changed to any other place within the State of Delaware upon the
consent of the Member. The Company may maintain a registered office in any
state within which it does business at any location approved by the Member.
1.7 Registered Agent for Service of Process. The name and
address of the registered agent for service of legal process on the Company
in Delaware are The Corporation Trust Company, 0000 Xxxxxx Xxxxxx,
Xxxxxxxxxx, Xxxxxxxx. The Company’s agent for service of legal process may
be changed upon the consent of the Member.
1.8 Term. The term of the Company shall commence on the date the
Certification of Formation is filed in Delaware, and shall continue in
perpetuity until the Company is dissolved as set forth in this Agreement.
1.9 Certificate of Formation. The Member shall cause a
Certificate of Formation to be filed in the State of Delaware. The Member
shall file any amendments to the Certificate of Formation deemed necessary by
it to reflect amendments to this Agreement adopted by the Member in accordance
with the terms hereof. Upon the approval of the Certificate of Formation, or
any amendments thereto, by the Member in accordance with this Agreement, the
Member or a designee of a Member shall be authorized to execute and file such
instruments with the appropriate state agencies.
SECTION 2. MEMBER; CAPITAL CONTRIBUTIONS; LOANS
2.1 Member. The name and address of the Member are set forth on
Exhibit A to this Agreement.
2.2 Contributions of Member. The Member shall contribute to the
Company the cash or other assets set forth in Exhibit A to this
Agreement.
2.3 Additional Capital Contributions. The Member shall not be
obligated to make additional Capital Contributions to the Company.
2.4 Limitations Pertaining to Capital Contributions.
(a) Liability of Member. The Member shall not be liable for the
debts, liabilities, contracts or any other obligations of the Company. Except
as agreed upon by the Member, and except as otherwise provided by the Act or
by any other applicable state law, the Member shall be liable only to make
the Capital Contributions as provided in Sections 2.2 and 2.3 hereof and
shall not be required to make any other Capital Contributions or loans to the
Company
(b) No Third Party Rights. Nothing contained in this Agreement
is intended or will be deemed to benefit any creditor of the Company, and no
creditor of the Company will be entitled to require the Member to make
additional Capital Contributions.
2.5 Member Loans. The Member may make loans (“Member Loans”) to
the Company, which shall bear interest and be repaid on such reasonable terms
and conditions as may be approved by the Member.
SECTION 3. DISTRIBUTIONS
Except as otherwise provided in Section 7 hereof, Net Cash Flow, if any,
shall be distributed to the Member, at such times as may be determined by the
Member.
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SECTION 4. ALLOCATIONS
4.1 Profits and Losses. Unless otherwise required by the Code,
all Profits, Losses and items thereof for each fiscal year of the Company
shall be allocated to the Member in full, disregarding the Company as a
separate entity for federal income tax purposes.
SECTION 5. MANAGEMENT
5.1 General Management Structure. All decisions and actions
concerning the Company and its affairs shall be made or taken by the Member.
Any party dealing with the Company shall be permitted to rely absolutely on
the signature of the Member as binding on the Company, without any duty of
further inquiry.
5.2 Delegation of Authority to Officers. The Member may designate
one or more Persons as officers of the Company. The officers shall have the
authority to act for and bind the Company to the extent of the authority
granted to them in resolutions adopted by the Member on behalf of the Company.
The officers of the Company may include a president, vice presidents, a
secretary, a treasurer, and such other officers as the Member deems
appropriate. The officers of the Company will be entitled to such compensation
for their services as the Member may determine from time to time.
5.3 Indemnification. The Company, its receiver or its trustee
shall defend, indemnify and save harmless the Member, its officers and
directors, and the officers of the Company (the “Indemnified Parties”) from
and against all losses, claims, costs, liabilities and damages incurred by
them by reason of any act performed or omitted to be performed by them in
connection with the business of the Company, including attorneys’ fees
incurred by them in connection with the defense of any action based on any
such act or omission; provided, however, no Indemnified Party shall be
indemnified from any liability for fraud, bad faith, willful misconduct or
gross negligence.
SECTION 6. BOOKS AND RECORDS; TRANSFERS
6.1 Books and Records. The Company shall maintain and preserve
at its office all accounts, books and other relevant Company documents.
6.2 Transfers. No interest of the Company may be assigned,
transferred, or otherwise disposed of without the consent of the Member. Any
attempted transfer, assignment, encumbrance, hypothecation or other
disposition shall be null and void.
SECTION 7. DISSOLUTION AND TERMINATION
7.1 Dissolution. The Company shall dissolve upon the first to
occur of any of the following events:
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(a) The sale of all or substantially all of the Company’s assets and the
collection of the proceeds of such sale;
(b) The decision by the Member to dissolve the Company; or
(c) The entry of a decree of dissolution under Section 18-802 of the Act.
7.2 Winding Up.
(a) General. Following the dissolution of the Company, as provided
in Section 7.1 hereof, the Member may participate in the winding up of the
Company as provided in Section 18-803 of the Act. The Company shall cease to
carry on its business, except insofar as may be necessary for the winding up of
its business, but the Company’s separate existence shall continue until a
certificate of cancellation has been filed with the Delaware Secretary of State
or until a decree dissolving the Company has been entered by a court of
competent jurisdiction.
(b) Liquidation and Distribution of Assets. Upon the dissolution
of the Company, the Member, or court-appointed trustee, if there is no
remaining Member, shall take full account of the Company’s liabilities and
assets, and such assets shall be liquidated as promptly as is consistent with
obtaining the fair value thereof. During the period of liquidation, the
business and affairs of the Company shall continue to be governed by the
provisions of this Agreement, with the management of the Company continuing as
provided in Section 5 hereof. The proceeds from liquidation of the Company’s
property, to the extent sufficient therefore, shall be applied and distributed
in the following order:
(i) To the payment and discharge of all of the Company’s debts and
liabilities, including those to the Member as a creditor, to the extent
permitted by law, and the establishment of any necessary reserves;
(ii) To the Member in satisfaction of any Member Loans which have not been
satisfied pursuant to Section 7.2(b)(i); and
(iii) To the Member in accordance with Section 3.
7.3 Certificate of Cancellation. When all debts, liabilities and
obligations of the Company have been paid and discharged or adequate provisions
have been made therefore and all of the remaining property and assets of the
Company have been distributed to the Member, a certificate of cancellation shall
be executed and filed by the Member with the Delaware Secretary of State.
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SECTION 8. MISCELLANEOUS
8.1 Binding Effect. Except as otherwise provided in this
Agreement, every covenant, term and provision of this Agreement shall be
binding upon and inure to the benefit of the Member and its heirs, legatees,
legal representatives, successors, transferees and assigns.
8.2 Headings. Section and other headings contained in this
Agreement are for reference purposes only and are not intended to describe,
interpret, define or limit the scope, extent or intent of this Agreement or
any provision hereof.
8.3 Severability. Every provision of this Agreement is intended
to be severable. If any term or provision hereof is illegal or invalid for any
reason whatsoever, such illegality or invalidity shall not affect the validity
or legality of the remainder of this Agreement.
8.4 Additional Documents. Each Member, upon the request of the
other Member, agrees to perform all further acts and execute, acknowledge and
deliver any documents which may be reasonably necessary or appropriate to
carry out the provisions of this Agreement.
8.5 Variation of Pronouns. All pronouns and any variations
thereof shall be deemed to refer to masculine, feminine or neuter, singular
or plural, as the identity of the Person or Persons may require.
8.6 Delaware Law. The laws of the State of Delaware shall govern
the validity of this Agreement, the construction of its terms and the
interpretation of the rights and duties of the Member.
8.7 Glossary. For purposes of this Agreement, the following
terms shall have the meanings specified in this Section:
“Act” means the Delaware Limited Liability Company Law, as set
forth in Del. Code Xxx. Tit. 6, § 18-101, et. seq., as amended from time to
time (or any corresponding provisions of succeeding law).
“Agreement” means this Operating Agreement, as amended from time
to time. Words such as “herein,” “hereinafter,” “hereof,” “hereto” and
“hereunder,” refer to this Agreement as a whole, unless the context otherwise
requires.
“Capital Contribution” means, with respect to any Member, the
amount of money and the net fair market value of property (other than money)
contributed to the Company by such Member.
“Certificate of Formation” has the meaning given that term in Section 1.9
hereof.
“Code” means the Internal Revenue Code of 1986, as amended from
time to time (or any corresponding provisions of succeeding law).
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“Company” means the limited liability company formed pursuant to this Agreement and
any limited liability company continuing the business of this Company in the event of dissolution
as herein provided.
“Member” means any Person identified as a Member in the heading to this Agreement. If
any Person is admitted as a Substituted Member pursuant to the terms of this Agreement, “Member”
shall also be deemed to refer to such Person. “Member” refers collectively to all Persons who are
designated as a “Member” pursuant to this definition.
“Net Cash Flow” means the gross cash proceeds to the Company from all sources, less
the portion thereof used to pay or establish reserves for Company expenses, debt payments
(including payments on Member Loans), capital improvements, replacements and contingencies, all as
determined by the Member.
“Person” means any individual, partnership, corporation, limited liability company,
trust or other entity.
“Profits” and “Losses” mean, for each fiscal year or other period, an amount
equal to the Company’s taxable income or loss for such year or period, determined in accordance
with Code Section 703(a), reduced by any items of income or gain subject to special allocation
pursuant to this Agreement, and otherwise adjusted by the Member to comply with the Regulations.
“Regulations” means the Income Tax Regulations promulgated under the Code, as such
regulations may be amended from time to time (including corresponding provisions of succeeding
regulations).
IN WITNESS WHEREOF, the parties have entered into this Agreement as of the date first above
written.
BFI WASTE SYSTEMS OF NORTH AMERICA, INC., a Delaware corporation |
||||
By: | /s/ Xxxxxx X. Xxxx | |||
Xxxxxx X. Xxxx | ||||
Vice President | ||||
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EXHIBIT A
Initial Capital | ||||
Name and Address of the Member | Contribution | |||
BFI Waste Systems of North America, Inc. |
$ | 100.00 | ||
00000 X Xxxxxxxx-Xxxxxx Xxxx Xxxxx 000 Xxxxxxxxxx, XX 00000 |
Admission of Substituted Member
Reference is made to the Operating Agreement of Allied Waste Services of North America, LLC, a
Delaware limited liability company (the “Company”), dated as of November 3, 2004 (the “Agreement”),
by BFI Waste Systems of North America, Inc., a Delaware corporation (“Original Member”). On the
date hereof, Original Member transferred its member interest in the Company to its parent
corporation, Xxxxxxxx-Xxxxxx Industries, LLC, a Delaware limited liability company (“Parent
Company” and the “Substituted Member”).
The Substituted Member hereby becomes a party to the Agreement and hereby accepts and assumes
all rights and obligations of the Original Member.
Dated: July 1, 2005.
BFI WASTE SYSTEMS OF NORTH AMERICA, INC. |
||||
By: | /s/ Xx Xxxx Xxxxx | |||
Name: | Xx Xxxx Xxxxx | |||
Title: | Secretary | |||
Acknowledged and agreed:
XXXXXXXX XXXXXX INDUSTRIES, LLC
By: /s/ Xxxxxx X. Xxxx
Name: Xxxxxx X. Xxxx
Title: Vice President
Name: Xxxxxx X. Xxxx
Title: Vice President
Admission of Substituted Member
Reference is made to the Operating Agreement of Allied Waste Services of North America, LLC, a
Delaware limited liability company (the “Company”), dated as of November 3, 2004 (the “Agreement”),
by BFI Waste Systems of North America, Inc., a Delaware corporation (“Original Member”). On the
date hereof, Original Member transferred its member interest in the Company to its parent
corporation, Xxxxxxxx-Xxxxxx Industries, LLC, a Delaware limited liability company (“Parent
Company” and the “Substituted Member”).
The Substituted Member hereby becomes a party to the Agreement and hereby accepts and assumes
all rights and obligations of the Original Member.
Dated: July 1, 2005.
BFI WASTE SYSTEMS OF NORTH AMERICA, INC. |
||||
By: | /s/ Xx Xxxx Xxxxx | |||
Name: | Xx Xxxx Xxxxx | |||
Title: | Secretary | |||
Acknowledged and agreed:
XXXXXXXX XXXXXX INDUSTRIES, LLC
By: /s/ Xxxxxx X. Xxxx
Name: Xxxxxx X. Xxxx
Title: Vice President
Name: Xxxxxx X. Xxxx
Title: Vice President