Examples of Amended LLC Agreement in a sentence
The Amended LLC Agreement of P provides for the allocation of all items of income (including gross income and receipts from the sale of synthetic fuel), expense and deduction among the Members in accordance with their sharing ratios (which is the same ratio in which capital contributions are made to cover operating deficits).
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.
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.
The Third Amended LLC Agreement is hereby amended and restated in its entirety, and the Company is hereby continued.
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.