Initial Operating Agreement is defined in the recitals of this Agreement.
Initial Operating Agreement shall have the meaning set forth in the preamble of this Agreement.
Initial Operating Agreement has the meaning set forth in the recitals.
Examples of Initial Operating Agreement in a sentence
Nothing in this Agreement shall modify, amend, terminate or supersede any obligations or rights of any Member or the Company under any agreement between or among Member(s) and/or the Company (other than the Initial Operating Agreement) that is in effect as of the date hereof.
More Definitions of Initial Operating Agreement
Initial Operating Agreement shall have the meaning assigned to that term in the Whereas clauses above.
Initial Operating Agreement means the Operating Agreement of Constellation Energy Resources LLC (formerly CBM Equity IV Holdings, LLC), dated as of February 7, 2005, as amended through the date of this Agreement, including by the Amended and Restated Operating Agreement of Constellation Energy Resources LLC, dated as of May 9, 2006.
Initial Operating Agreement has the meaning set forth in the recitals. "MAJORITY INTEREST" means Percentage Interests of one or more Members that taken together exceed fifty percent (50%) of the aggregate of all Percentage Interests. "MANAGERS" has the meaning set forth in Section 5.2.1. 2 <Page> "MEMBER" means each Person who (a) is an initial signatory to this Agreement or has been admitted to the Company as a Member in accordance with this Agreement and (b) has not resigned, withdrawn, been expelled or dissolved. "NET REVENUE" means gross revenues earned and actually collected, less any applicable withholding taxes. "OPTIONAL ADDITIONAL CAPITAL CONTRIBUTION" has the meaning set forth in Section 3.3. "PEGI" has the meaning set forth in the preamble. "PEI" has the meaning set forth in the recitals. "PEII" has the meaning set forth in the recitals. "PERCENTAGE INTERESTS" means the percentage of a Member set forth opposite the name of such Member under the column "Member's Percentage Interest" in Exhibit A hereto, as such percentage may be adjusted from time to time pursuant to the terms of this Agreement. "PERSON" means an individual, general partnership, limited partnership, limited liability company, corporation, trust, estate, real estate investment trust, association or any other entity. "RESTRUCTURING" has the meaning set forth in the recitals. "TERM" has the meaning set forth in Section 8.1. "VSI" has the meaning set forth in the recitals. ARTICLE 2 ORGANIZATIONAL MATTERS 2.1
Initial Operating Agreement means the Operating Agreement of Atlas Energy Resources, LLC, dated as of June 23, 2006, as amended through the date of this Agreement.
Initial Operating Agreement means a Joint Operating Agreement by and between Meridian, as operator, and PRCT, as non-operator, executed on the date of execution of this Agreement.
Initial Operating Agreement shall have the meaning set forth in the second "Whereas" clause above.
Initial Operating Agreement means the first limited liability operating agreement of the Company entered into by Xxxx XxXxxx and Xxxx XxXxxx (f/k/a Xxxx Xxxxx) as the sole members of the Company.