LIMITED LIABILITY COMPANY AGREEMENT OFLimited Liability Company Agreement • November 14th, 2018 • Illinois
Contract Type FiledNovember 14th, 2018 JurisdictionINVESTORS, L.L.C. (the “Company”), dated as of the Initial Closing Date, is adopted, executed and agreed to, for good and valuable consideration, by COMMUNITY INVESTMENT CORPORATION, an Illinois not for profit corporation (“CIC”) and the Members (as defined below) who have executed this Agreement on the signature pages attached hereto.
LIMITED LIABILITY COMPANY AGREEMENT OFLimited Liability Company Agreement • November 14th, 2018 • Illinois
Contract Type FiledNovember 14th, 2018 Jurisdictiongain or loss from each sale of assets pursuant to Section 9.02(c), and (ii) pursuant to Treas. Reg. §1.704-1(b)(2)(iv)(e), any unrealized income, gain, loss, and deduction inherent in each unsold property (that has not been reflected in the Capital Accounts previously) that would be allocated among the Members if there were a taxable disposition of that property for its fair market value as determined pursuant to Section 9.02(d) (taking into account Code Section 7701(g)), and (iii) any Net Income or Net Loss or other items of income, gain, loss, deduction or credit for the year; and all such amounts shall be allocated to and among the Members and their Capital Accounts in accordance with the provisions of Article 5 (including Section 5.12, which authorizes the Manager to allocate amounts in any manner necessary to produce capital accounts for the Members so that the amounts distributed pursuant to this Section 9.02(f) will be in the amounts, sequence and priority set forth in Section 5
LIMITED LIABILITY COMPANY AGREEMENT OFLimited Liability Company Agreement • November 12th, 2018 • Illinois
Contract Type FiledNovember 12th, 2018 JurisdictionINVESTORS, L.L.C. (the “Company”), dated as of the Closing Date, is adopted, executed and agreed to, for good and valuable consideration, by COMMUNITY INVESTMENT CORPORATION, an Illinois not for profit corporation (“CIC”) and the Members (as defined below) who have executed this Agreement on the signature pages attached hereto.