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 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 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.
Without the approval of holders of a majority of the Outstanding Voting Units, the General Partner shall not, on behalf of the Partnership, consent to any amendment to the Operating Company Agreement or take any action permitted to be taken by a member of the Operating Company, in either case, that would adversely affect the Limited Partners (including any particular class of Partnership Interests as compared to any other class of Partnership Interests) in any material respect.