Operating Company Agreement definition
Examples of Operating Company Agreement in a sentence
Neither any Group Member, any Limited Partner nor any other Person shall have any rights by virtue of this Agreement, the Operating Company Agreement or the partnership relationship established hereby or thereby in any business ventures of any Indemnitee.
Neither any Group Member, any Limited Partner nor any other Person shall have any rights by virtue of this Agreement, the Operating Company Agreement, any other limited liability company or partnership agreement of any other Group Member, or the partnership relationship established hereby or thereby in any business ventures of any Indemnitee.
The Membership Interests have been duly authorized and validly issued in accordance with the limited liability company agreement of 2234 LLC (the “Operating Company Agreement”) and are fully paid (to the extent required under the Operating Company Agreement) and non-assessable.
The Seller Entities have supplied to the Buyer true and correct copies of the Operating Company Agreement, as amended to the Closing Date, and no amendments will be made to the Operating Company Agreement prior to the Closing Date without the prior written consent of the Buyer (such consent not to be unreasonably withheld).
The Partnership shall execute a joinder to the Operating Company Agreement (in the form attached thereto) or similar written undertaking to be bound by the terms and conditions of the Operating Company Agreement.