Examples of Member LLC Agreement in a sentence
Except as otherwise provided in the Member LLC Agreement, the Member shall not delegate any of its rights or powers to manage and control the business and affairs of the Company without obtaining the requisite approval set forth in the Member LLC Agreement.
Notwithstanding anything to the contrary contained in this Agreement, the Member shall not take any action on behalf of the Company without obtaining the requisite written consent or ratification of such actions as required under the Member LLC Agreement.
In the event of any inconsistency between the terms and conditions set forth in this Agreement and the terms and conditions set forth in the Member LLC Agreement, the terms and conditions of the Member LLC Agreement shall control.
Notwithstanding any duty otherwise existing at law or in equity but subject to the terms of the Member LLC Agreement, the Member and any Affiliate of the Member may engage in or possess an interest in other business ventures (unconnected with the Company) of every kind and description, independently or with others, and the Company shall not have any rights in or to such independent ventures or the income or profits therefrom by virtue of this Agreement.
Purchasers agree that, in accordance with Section 7.01(a) of the B Member LLC Agreement, PEGI Subsidiary Transferee shall be the “partnership representative” (as defined in Section 6223(a) of the Code) of B Member for the taxable years that includes the Closing Date and for each taxable year thereafter.
Purchasers agree that, in accordance with Section 7.01(a) of the New B Member LLC Agreement, Pattern Finance or an Affiliate of Pattern Finance shall be the “partnership representative” (as defined in Section 6223(a) of the Code) of New B Member for the taxable years that includes the Closing Date and for each taxable year thereafter.
All persons may rely thereon and shall be exonerated from any and all liability if they deal with the Managing Member on the basis of documents approved and executed on behalf of the Company by the Managing Member, LLC Agreement of Xxxxx Xxx, LLC - 12 PROVIDED, that such person is without reasonable cause to believe that the Managing Member does not have authority to act for the Company.
Xxxxxx Xx., Xxxxx 000 Xxx Xxxxxxx, XX 00000 Attention: Xxxxxx Xx Email: xxxxx@xxxxxxxxxx.xxx 161,040 (see Management Member LLC Agreement) Schedule III Issued and Outstanding Common Units Class Issued and Outstanding Units Class A Units 1,136,842 Class B Units 161,302 Appendix I Tax Allocations Set forth below are provisions regarding allocation of Profit, Losses and other tax items of the Company.
The Reckson Members covenant that no amendments or modifications shall be made to the 919 Member LLC Agreement without the consent of the NYSTRS Members, such consent not to be unreasonably withheld or delayed.
All persons may rely thereon and shall be exonerated from any and all liability if they deal with the Managing Member on the basis of documents approved and executed on behalf of the Company by the Managing Member; LLC Agreement of North Cape Fisheries, LLC - 12 PROVIDED, that such person is without reasonable cause to believe that the Managing Member does not have authority to act for the Company.