Examples of Operating Company LLC Agreement in a sentence
Notwithstanding any provision of the limited liability company agreement of the Operating Company (the “Operating Company LLC Agreement”), the General Partner is hereby admitted to the Operating Company as a member of the Operating Company holding the OLLC Interest and hereby agrees that it is bound by the Operating Company LLC Agreement.
The parties agree to the terms and conditions set forth above and enter into this Agreement on the later of the dates signed.
The Operating Company LLC Agreement shall be the limited liability company agreement of the Surviving Company unless and until amended in accordance with its terms and applicable law.
Notwithstanding any provision of the Operating Company LLC Agreement, the Partnership is hereby admitted to the Operating Company as a member of the Operating Company and hereby agrees that it is bound by the Operating Company LLC Agreement.
Such limited liability company interests have been duly authorized and validly issued in accordance with the Company Agreement of the Operating Company (the "Operating Company LLC Agreement"), and are fully paid (to the extent required under the Operating Company LLC Agreement) and non-assessable (except as such nonassessability may be affected by Title 3, Section 101.206 of the Texas Business Organizations Code).