LIMITED LIABILITY COMPANY AGREEMENT OF MPT OF TWELVE OAKS, LLC
Exhibit 3.107
OF
MPT OF TWELVE OAKS, LLC
THIS LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”), is made and entered into as of July
20, 2007, by and between MPT OPERATING PARTNERSHIP, L.P., a Delaware limited partnership
(hereinafter referred to as the “Sole Member”), and MPT OF TWELVE OAKS, LLC, a Delaware limited
liability company (the “Company”).
W I T N E S S E T H:
WHEREAS, the Company was organized pursuant to the Delaware Limited Liability Company Act (the
“Act”), as set forth in the Delaware Code, § 18-101 et seq., as the same
may be amended from time to time on July 20, 2007;
WHEREAS, the parties desire to enter into this Limited Liability Company Agreement.
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth
below, the parties hereby agree as follows:
1. MEMBERSHIP INTERESTS. The Sole Member currently owns one hundred percent (100%) of the
percentage interests in the Company.
2. MANAGEMENT BY MEMBERS. Management of the Company shall be vested in its members. The
members shall have the exclusive right, power and authority to manage and operate the business and
affairs of the Company and to authorize any act or transaction on behalf of the Company. The
members may from time to time appoint and delegate authority to act on behalf of the Company to
such officers as the members deem appropriate. Any deed, agreement or other instrument, whether or
not for apparently carrying on in the usual way the business or affairs of the Company, shall be
binding on the Company and may be relied upon by any person or entity which is supplied with such
executed deed, agreement or other instrument, if the same is executed on behalf of the Company by a
member.
3. GOVERNING LAW. This Agreement shall be interpreted, construed and enforced in
accordance with the Act and the laws of the State of Delaware, without giving effect to its choice
of law provisions.
4. ENTIRE AGREEMENT. This Limited Liability Company Agreement constitutes the entire
agreement of the parties and supersedes all prior agreements, whether written or oral.
5. AMENDMENTS. No amendments of this Agreement shall be valid unless it is set forth
in a writing signed by the members of the Company.
6. SINGLE PURPOSE ENTITY. The Company shall operate as a Single Purpose Entity (as
hereinafter defined). For the purpose of this Agreement, the term “Single Purpose Entity” shall
mean an entity which (i) exists solely for the purpose (the “Purpose”) of acting as general partner
of MPT of Twelve Oaks, L.P., a Delaware limited partnership (the “Lessor”) (ii) conducts business
only in its own name, (iii) does not engage in any business other than the Purpose, (iv) other than
the general partnership interest in the Lessor, it does not hold, directly or indirectly, any
ownership interest (legal or equitable) in any entity or any real or personal property, (v) does
not have any assets other than those related to its interest in the Lessor and does not have any
debt other than as related to or in connection with the Purpose and does not guarantee or otherwise
obligate itself with respect to the debts of any other person or entity, provided, however, that,
notwithstanding the foregoing, the Company may guarantee or otherwise obligate itself with respect
to the debts of any affiliate, (vi) has its own separate books, records and accounts, (vii) holds
itself out as being a company separate and apart from any other entity, and (viii) observes limited
liability company formalities independent of any other entity.
IN WITNESS WHEREOF, the parties have executed and delivered this Limited Liability Company
Agreement on the date first set forth above.
| MPT OPERATING PARTNERSHIP, L.P. |
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| By: | /s/ Xxxxxx X. Xxxxx, Xx. | |||
| Xxxxxx X. Xxxxx, Xx. | ||||
| President and Chief Executive Officer | ||||
| MPT OF TWELVE OAKS, LLC BY: MPT OPERATING PARTNERSHIP, L.P. ITS: SOLE MEMBER |
||||
| By: | /s/ Xxxxxx X. Xxxxx, Xx. | |||
| Xxxxxx X. Xxxxx, Xx. | ||||
| President and Chief Executive Officer | ||||
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