Initial Operating Agreement definition

Initial Operating Agreement is defined in the recitals of this Agreement.

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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.
Upon execution --------------------- --------------------- of the Initial Operating Agreement and through the date of this Agreement, the Members contributed to the Company cash and property in the respective amounts as set forth on item nos.
Pursuant to the Act, the Members formed a limited liability company under the laws of the State of California by filing the Articles with the California Secretary of State and entering into the Initial Operating Agreement.
CEPH and CHI hereby amend and restate the Initial Operating Agreement in its entirety.
PEGI and AdulTVision by this Agreement amend and restate the Initial Operating Agreement in its entirety under the laws of the State of Delaware upon the terms and subject to the conditions of this Agreement.

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 first operating agreement ----------------------------- of the Company adopted as of October 15, 1999. (q) "Involuntary TransferInvoluntary Transfer" means any transaction, ------------------------------------------ proceeding or action by or in which any Member shall be involuntarily deprived or divested of any right, title or interest in or to any of the Membership Interests, including, without limitation, any seizure under levy of attachment or execution, transfer in connection with bankruptcy or other court proceeding to a trustee in bankruptcy or receiver or other officer of agency, any transfer to a state or to a public officer or agency pursuant to any applicable statute pertaining to escheat or abandoned property or any court-ordered transfer to a spouse or former spouse of a Member, and shall include the transfer of Membership Interests by a Member's legal representative following his death (testate or intestate) or incompetence to any person other than a Permissible Transferee of such deceased or incompetent Member. (r) "Liquidity ClosingClosing" shall have the meaning set forth in 15.3 (b). ----------------- (s) "Liquidity Offer" shall have the meaning set forth in 15.3 (a). ---------------- (t) "ManagerManager" shall mean a person elected to the Board of Managers in -------------- accordance with Section 11.1. (u) "MemberMember" shall mean the Members and each other person or entity ------------ admitted to membership in the Company whose names, Capital Contributions and Percentage Interests are set forth on Exhibit 6.1 and all Counterparts. ------------ (v) "Membership Interests" means a Person's share of the Profits and Losses --------------------- of, and the right to receive distribution from the Company. (w) "Percentage InterestPercentage Interest" shall have the meaning set -------------------------------------- forth in Section 6.1. (x) "Permissible Transferee" shall have the meaning set forth in Section ----------------------- 13.1

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 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 has the meaning assigned thereto in the Introduction.

Initial Operating Agreement means that certain Operating Agreement of Wesley New Trenton, LLC, executed and adopted November 21, 2019 by Managing Member.