Articles of Organization; Operating Agreement Sample Clauses
The "Articles of Organization; Operating Agreement" clause establishes the foundational documents required for forming and governing a limited liability company (LLC). It typically specifies that the LLC will be organized under state law by filing Articles of Organization with the appropriate authority and that the members will adopt an Operating Agreement to set forth the company's internal rules, management structure, and member rights. This clause ensures legal compliance in the formation process and provides a clear framework for the company's operations, thereby reducing ambiguity and potential disputes among members.
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Articles of Organization; Operating Agreement. At the Effective Time, (a) 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 until thereafter amended in accordance with the terms thereof or as provided by applicable Law, and (b) the operating agreement of Merger Sub as in effect immediately prior to the Effective Time shall be the operating agreement of the Surviving Company until thereafter amended in accordance with the terms thereof or as provided by applicable Law.
Articles of Organization; Operating Agreement. From and after the Effective Time, pursuant to the Statement of Merger and without any further action by the Constituent Entities or any of their respective members, the Articles of Organization of LLC in effect immediately prior to the Effective Time shall be the Articles of Organization of LLC, as the surviving entity in the LLC Merger (the "Surviving Entity Articles"). From and after the Effective Time, without any further action by the Constituent Entities or any of their respective members, the Operating Agreement of LLC as in effect immediately prior to the Effective Time shall be the Operating Agreement of LLC, as the surviving entity in the LLC Merger (the "Surviving Entity Operating Agreement"). A copy of the Surviving Entity Articles of Organization and Operating Agreement was provided to the respective members of each Constituent Cooperative in connection with their consideration of the LLC Merger.
Articles of Organization; Operating Agreement. At the Effective Time, (a) the Articles of Organization of the Company as in effect immediately prior to the Effective Time shall be the Articles of Organization of the Surviving Corporation until thereafter amended in accordance with the terms thereof or as provided by applicable Law, and (b) the Operating Agreement of the Company as in effect immediately prior to the Effective Time shall be the Operating Agreement of the Surviving Corporation until thereafter amended in accordance with the terms thereof, the Articles of Organization of the Surviving Corporation or as provided by applicable Law; provided, however, in each case, that the name of the company set forth therein shall be changed to the name of the Company.
Articles of Organization; Operating Agreement. At the Effective Time, the limited liability company agreement of Merger Sub, as in effect immediately prior to the Effective Time, shall be the limited liability company agreement of the Surviving Company, until thereafter amended as provided by Law and by the terms of such limited liability company agreement; provided, however, that, as among the Skyline Members only, (i) all provisions of the Skyline Operating Agreement relating to the allocation of profit and loss and tax items for Tax periods ending on or before the Closing Date, (ii) the associated distribution, tax audit and enforcement provisions, both as set forth in the Skyline Operating Agreement immediately prior to Closing, and (iii) provisions related to indemnification of directors and officers, shall survive as a valid and legally binding agreements (“Members’ Legacy Agreement”).
Articles of Organization; Operating Agreement. (a) Unless otherwise determined by Holdings prior to the Effective Time, at the Effective Time, the Articles of Organization of Sub shall be the Articles of Organization of the Surviving Entity until thereafter amended; provided, however, that pursuant to the Certificate of Merger, the name of the Surviving Entity shall be changed to “Alta Hospitals System, LLC”.
(b) The Operating Agreement of Sub, as in effect immediately prior to the Effective Time, shall be the Operating Agreement of the Surviving Entity until thereafter amended.
Articles of Organization; Operating Agreement. The Articles of Organization and Operating Agreement of Transitory Subsidiary at the Effective Time, copies of which are attached hereto as Exhibits E and F, respectively, shall be the Articles of Organization and Operating Agreement of the Surviving Entity. At the Effective Time, Public Company shall file the Certificate of Merger and any amendments to the Articles of Organization of the Surviving Entity necessary to reflect the change in name of the Surviving Entity to Pernix Therapeutics, LLC.
Articles of Organization; Operating Agreement. 2.5.1 Unless otherwise determined by API prior to the Effective Time, the articles of organization of the Surviving Entity shall be the articles of organization of the Sub as in effect as in effect immediately prior to the Effective Time and until thereafter amended in accordance with Michigan Law and as provided in such articles of incorporation; provided, however, that the articles of organization of the Sub shall be amended as at the Effective Time to change the name of the Surviving Entity to Picometrix, LLC.
2.5.2 Unless otherwise determined by API prior to the Effective Time, the operating agreement of the Surviving Entity shall be the operating agreement of the Sub as in effect immediately prior to the Effective Time and until thereafter amended as provided therein and in accordance with Delaware Law; provided, however, that the operating agreement of the Sub shall be amended as at the Effective Time to reflect the change of the name of the Surviving Entity to Picometrix, LLC.
Articles of Organization; Operating Agreement. The Articles of Organization and Operating Agreement of EMG in the respective forms delivered by EMG to HGLB prior to the date of this Agreement will remain in full force and effect and will be the Articles of Organization and Operating Agreement of the Surviving Entity.
Articles of Organization; Operating Agreement. With respect to the initial Advance, copies of each Co-Borrower's articles of incorporation, articles of organization, partnership certificate or such similar documents, as the case may be, together with all amendments thereto, certified as of a recent date by the applicable Secretary of State, and certified copies of each Co-Borrower's by-laws, operating agreement, partnership agreement or such similar documents, as the case may be, together with all amendments thereto. With respect to any additional Advance in respect of any Parcel owned by a Co-Borrower, a bring-down certificate from the Co-Borrower owning such Parcel certifying (a) that there have been no changes or amendments to such Co-Borrower's articles of incorporation, articles of organization, partnership certificate or such similar documents, as the case may be, and (b) that there have been no changes or amendments to such Co-Borrower's by-laws, operating agreement, partnership agreement or such similar documents, as the case may be.
Articles of Organization; Operating Agreement. At the Effective Time:
(a) the articles of organization of the Surviving Company shall be amended and restated so as to read in its entirety as set forth in Exhibit A and, as so amended and restated, shall be the articles of organization of the Surviving Company until thereafter amended in accordance with the terms thereof or as provided by applicable Law; and (b) the operating agreement of Merger Sub as in effect immediately prior to the Effective Time shall be the operating agreement of the Surviving Company, except that references to Merger Sub’s name shall be replaced with references to the Surviving Company’s name, until thereafter amended in accordance with the terms thereof, the articles of organization of the Surviving Company, or as provided by applicable Law.