Examples of Master Operating Agreement in a sentence
This Master Operating Agreement is binding upon and inures to the benefit of the Members, and, to the extent permitted by this Master Operating Agreement, their respective legal representatives, successors and assigns.
This Separate Series Operating Agreement and the Master Operating Agreement constitute the entire agreement among the parties hereto pertaining to the subject matter hereof and supersede all prior agreements and understandings pertaining thereto.
In the event that a Member or a transferee of a Member violates any of the provisions of this Article VIII of this Master Operating Agreement, such transfer shall be null and void and of no force or effect.
It is the intent of the parties hereto for the terms and conditions of this Master Operating Agreement or Separate Series Operating Agreement to be interpreted to the greatest extent possible so as to remain valid and enforceable, and any provision or term of this Master Operating Agreement or Separate Series Operating Agreement found by a court to be invalid, void or unenforceable, shall be rewritten by the court pursuant to this intent.
Notwithstanding anything in this Master Operating Agreement to the contrary, separate and distinct records shall be maintained for each and every Series, and the assets associated with each Series shall be held and accounted for separately from the other assets of the Company or of any other Series.