Examples of Amended LLC Agreement in a sentence
If a member fails to contribute any capital to the Company that is committed to be contributed or fails to timely wire the True-Up Amount (as defined in the Third Amended LLC Agreement) such member will be considered in default but will remain fully obligated to contribute such capital to the Company.
This Agreement amends and restates in its entirety and supersedes the Amended LLC Agreement, which shall have no further force or effect.
If a qualifying party is a partner, corporate officer, or member the business entity must also submit an amended Articles of Incorporation, Amended LLC Agreement or Amended Partnership Agreement reflecting the change.
Accordingly, the Exchange proposes to update the text in the first paragraph of the LLC Agreement to reflect this change, thereby deleting reference to the name and date of the original LLC Agreement, and inserting the name and date of the Amended LLC Agreement as being amended and restated by the Second LLC Agreement.
Under the Amended LLC Agreement, at Reorganized Sepco's option, Reorganized Sepco may sell to the Managing Member, for the greater of the Purchase Price or the then-positive balance of Reorganized Sepco's capital account, all of Reorganized Sepco’s membership interests of Moores.