Common use of Articles of Organization and Operating Agreement Clause in Contracts

Articles of Organization and Operating Agreement. The Articles of Organization of Merger Sub as in effect immediately prior to the Effective Time shall be the Articles of Organization of the Surviving Company, and the Operating Agreement of Merger Sub as in effect immediately prior to the Effective Time shall be the Operating Agreement of the Surviving Company, in each case, subject to any change to the Articles of Organization as may be set forth in the Articles of Merger, and any subsequent amendment to the Articles of Organization and Operating Agreement as may be effected in accordance with the provisions thereof and the FRLLCA.

Appears in 1 contract

Sources: Merger Agreement (BFC Financial Corp)

Articles of Organization and Operating Agreement. The Articles of Organization of Merger Sub as in effect immediately prior to the Effective Time shall be the Articles of Organization of the Surviving Company, and the Operating Agreement of Merger Sub as in effect immediately prior to the Effective Time shall be the Operating Agreement of the Surviving Company, in each case, case subject to any change to the such Articles of Organization (including a change to Merger Sub’s name) as may be set forth in the Articles Florida Certificate of Merger, and any subsequent amendment to the Articles of Organization and Operating Agreement as may be effected in accordance with the provisions thereof and the FRLLCAapplicable law.

Appears in 1 contract

Sources: Merger Agreement (Bluegreen Corp)

Articles of Organization and Operating Agreement. The Articles of Organization of Merger Sub as in effect immediately prior to the Effective Time Merger shall be the Articles of Organization of the Surviving Company, and the Operating Agreement of Merger Sub as in effect immediately prior to the Effective Time Merger shall be the Operating Agreement of the Surviving Company, in each casecase until thereafter altered, subject to any change to the Articles of Organization as may be set forth in the Articles of Merger, and any subsequent amendment to the Articles of Organization and Operating Agreement as may be effected amended or repealed in accordance with the provisions thereof and the FRLLCAapplicable law.

Appears in 1 contract

Sources: Merger Agreement (Woodbridge Holdings Corp (Formerly Levitt Corp))