EXHIBIT 3.14
AMENDED AND RESTATED
LIMITED LIABILITY COMPANY
AGREEMENT OF
WIREKRAFT INDUSTRIES, LLC
This Limited Liability Company Agreement is entered into as of the 18th
day of September, 2003 by Viasystems International, Inc., a Delaware corporation
(the "Member"), as the sole member of WIREKRAFT INDUSTRIES, LLC. The Member
desires to form a limited liability company pursuant to the Act upon the
following terms and conditions:
ARTICLE I
Name and Place of Business
The name of the limited liability company is Wirekraft Industries, LLC
(the "LLC"). The address of the LLC's registered agent and its registered office
in the State of Delaware is The Corporation Trust Company, Corporation Trust
Center, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000. The principal place of
business of the LLC shall be located at 000 Xxxxx Xxxxxx Xxxx, Xxxxx 000, Xx.
Xxxxx, Xxxxxxxx 00000. The Member may change such registered office, registered
agent or principal place of business from time to time. The LLC may from time to
time have such other place or places of business within or outside the State of
Delaware as may be determined by the Member.
ARTICLE II
Business, Purpose, and Term of Company
Section 2.1 Purposes. The purpose of the Company shall be to do all
such things for which limited liability companies may be formed under the Act.
Section 2.2 Term of Company. The term of the Company shall commence on
the date the Certificate of Formation is filed with the Delaware Secretary of
State in accordance with the provisions of the Act and shall continue on a
perpetual basis unless dissolved pursuant to Article VI of this Agreement.
Xxxxxx X. Xxxxx is hereby designated as an "Authorized Person" for the purpose
of executing the Certificate of Formation and arranging for its filing.
Section 2.3. Powers of the Company. In addition to the purpose set
forth in Section 2.1 above, the Company shall have the power to conduct its
business, carry on its operations and have and exercise the powers granted to a
limited liability company by the Delaware Act in any state, territory, district
or possession of the United States, or in any foreign county that may be
necessary, convenient or incidental to the accomplishment of the purpose of the
Company.
ARTICLE III
Capital Contributions
Section 3.1 Capital Contribution by Members. Upon the formation of the
Company, the Member shall not be required to make a Capital Contribution.
Capital Contributions shall be made from time to time as the Member shall
determine.
Section 3.2 Capital Accounts. A Capital Account shall be maintained for
the Member to which shall be credited (i) the Member's Capital Contributions, if
any and (ii) all Company revenues. The Capital Account shall be debited with (i)
all casts, expenses, and losses of the Company and (ii) the amount of any
distributions (including return of capital) made to the Member. No interest
shall be paid on the Member's Capital Account.
ARTICLE IV
Allocation of Profits and Distributions
Section 4.1 Allocation of Profits and Losses. All profits and losses of
the Company shall be allocated to the Member.
Section 4.2 Allocation of Distributions. All distributions of cash or
other assets of the Company shall be made to the Member when and as determined
by the Member.
ARTICLE V
Management of the Company
Section 5.1 General. The Member shall be the Managing Member and shall
be responsible for the management of the Company. The Managing Member shall have
the right, power and authority to manage, direct and control all of the business
and affairs of the Company, to transact business on behalf of the Company, to
sign for the Company or on behalf of the Company or otherwise to bind the
Company.
Section 5.2 Delegation of Powers of Managing Member. The Managing
Member shall have full, exclusive, and complete discretion, power, and
authority, subject in all cases to the other provisions of this Agreement and
the requirements of applicable law, to delegate the management, control,
administration, and operation of the business and affairs of the Company or the
custody of the Company's assets for all purposes stated in this Agreement. Such
delegation shall be as provided in such documentation as the Managing Member
shall determine. Any such delegation shall not cause the Managing Member to
cease to be the Managing Member.
Section 5.3 Officers. The Managing Member may appoint individuals with
or without such titles as it may elect, including the titles of President, Vice
President, Treasurer, and Secretary, to act on behalf of the Company with such
power and authority as the Managing Member may delegate in writing to any such
persons.
Section 5.4 Powers of Managing Member. The Managing Member shall have
the right, power and authority, in the management of the business and affairs of
the Company, to do or cause to be done any and all acts deemed by the Managing
Member to be necessary or appropriate to effectuate the business, purposes and
objectives of the Company at the expense of the Company, including but not
limited to the execution of all documents or instruments in all matters
necessary, desirable, convenient or incidental to the purpose of the Company or
the making of investments of Company funds.
Section 5.5 Actions Requiring Member Approval. Not withstanding any
other provision of this Agreement, the written consent of the Member shall be
required to approve the following matters:
(i) the dissolution or winding up of the Company;
(ii) the merger or consolidation of the Company;
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(iii) the sale, transfer, contribution, exchange,
mortgage, pledge, encumbrance, lease or other
disposition or transfer of all or substantially all
of the assets of the Company;
(iv) the declaration of any distributions by the
Company; and
(v) amendments to this Agreement.
ARTICLE VI
Dissolution
The Company shall be dissolved, and shall terminate and wind up its
affairs, upon the first to occur of the following:
(a) the determination by the Member to dissolve the Company; or
(b) the entry of a decree of judicial dissolution pursuant to
Section 18-802 of the Act.
ARTICLE VII
Governing Law and Jurisdiction
This Agreement, including its existence, validity, construction and
operating effect, and the rights of each of the parties hereto, shall be
governed by and construed in accordance with the laws of the State of Delaware
(without regard to principles of conflicts of laws).
ARTICLE VIII
Indemnification
Section 8.1 Indemnification and Liability. (a) To the maximum extent
permitted by applicable law, the Managing Member shall not be liable to the
Company or any other third party (i) for mistakes of judgment, (ii) for any act
or omission suffered or taken by it, or (iii) for losses due to any such
mistakes, action or inaction.
(b) Except as may be restricted by applicable law, the
Managing Member shall not be liable for and the Company shall indemnify the
Managing Member against, and agrees to hold the Managing Member harmless from,
all liabilities and claims (including reasonable attorney's fees and expenses in
defending against such liabilities and claims) against the Managing Member,
arising from the Managing Member's performance of its duties in conformance with
the terms of this Agreement.
(c) The Managing Member may consult with legal counsel or
accountants selected by the Managing Member and, to the maximum extent permitted
by applicable law, any action or omission suffered or taken in good faith in
reliance and in accordance with the written opinion or advice of any such
counsel or accountants (provided such counsel or accountants have been selected
with reasonable care) shall be fully protected and justified with respect to the
action or omission so suffered or taken.
(d) The Company shall also have the power to indemnify the
Trustee to the extent, and under the conditions and terms, as may be provided in
the Trust Agreement.
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ARTICLE IX
Assignment of Interests
The Member may Transfer all or part of its Membership Interest in the
Company.
ARTICLE X
Winding Up and Distribution of Assets
Section 10.1 Winding Up. If the Company is dissolved, the Member shall
wind up the affairs of the Company.
Section 10.2 Distribution of Assets. Upon the winding up of the
Company, subject to the provisions of the Act, the Member shall pay or make
reasonable provision to pay all claims and obligations of the Company, including
all costs and expenses of the liquidation and all contingent, conditional or
unmatured claims and obligations that are known to the Member but for which the
identity of the claimant is unknown. If there are sufficient assets, such claims
and obligations shall be paid in full and any such provision shall be made in
full. If there are insufficient assets, such claims and obligations shall be
paid or provided for according to their priority and, among claims and
obligations of equal priority, ratably to the extent of assets available
therefore. Any remaining assets shall be distributed to the Member.
ARTICLE XI
Definitions
As used herein, the following terms shall have the indicated
definitions.
"ACT" means the Delaware Limited Liability Company Act, 6 Del. C.
Section 18-101 et seq., as may be amended from time to time.
"AGREEMENT" means this Limited Liability Company Agreement, as may be
amended from time to time.
"CAPITAL ACCOUNT" means a separate accounting maintained with respect
to the Member pursuant to section 3.2 of this Agreement.
"CAPITAL CONTRIBUTION" means the contribution by the Member to capital
of the Company.
"CERTIFICATE OF FORMATION" means the Certificate of Formation of the
Company as filed with the Delaware Secretary of State on September 17, 2003, as
the same may be amended from time to time.
"COMPANY" means WIREKRAFT INDUSTRIES, LLC, a Delaware limited liability
company.
"MANAGING MEMBER" means the Member.
"MEMBER" means Wirekraft Industries, Inc., a Delaware corporation.
"MEMBERSHIP INTEREST" means the ownership interest of the Member in the
Company, including any and all rights, powers, benefits, duties or obligations
conferred or imposed on the Member under the Act or this Agreement.
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"TRANSFER" means a transfer, assignment, pledge or encumbrance relative
to any Membership Interest in the Company.
IN WITNESS WHEREOF, the Member has executed and delivered this Limited
Liability Company Agreement the day and year first above written.
MEMBER: Viasystems International , Inc.
/s/ XXXXX X. XXXXXXX
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Xxxxx X. Xxxxxxx
Its Senior Vice President
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