Operating Agreement Clause Samples
POPULAR SAMPLE Copied 6 times
Operating Agreement. You have received and read a copy of the Company’s Operating Agreement (the “Operating Agreement”) and agree that your execution of this Subscription Agreement constitutes your consent to the Operating Agreement, and that upon acceptance of this Subscription Agreement by the Company, you will become a member of the Company as a holder of Class A Units. When this Subscription Agreement is countersigned by the Company, the Operating Agreement shall be binding upon acceptance of your subscription.
Operating Agreement. In connection with this Agreement and the consummation of the Transaction contemplated hereby, the Parties agree to enter into an Operating Agreement, a copy of which is attached hereto as Exhibit A, effective as of the Closing Date.
Operating Agreement. You haves received and read a copy of Masterworks Vault 1, LLC’s Operating Agreement governing the Series and the Company (as may be amended, restated or supplemented, the “Operating Agreement”) and agree that your execution of this Agreement constitutes your consent to and execution of the Operating Agreement, and that upon acceptance of this Agreement by the Series, you will become a member of the Company as a holder of Shares. When this Agreement is countersigned by the Company, the Operating Agreement shall be binding upon you as of the applicable closing date.
Operating Agreement. The Borrower will not amend, modify, waive or terminate any provision of its operating agreement without the prior written consent of the Administrative Agent.
Operating Agreement. Except as otherwise provided in subdivisions 2 and 3, the operating agreement governs:
(1) relations among the members as members and between the members and the limited liability company;
(2) the rights and duties under this chapter of a person in the capacity of manager or governor;
(3) the activities of the company and the conduct of those activities; and
(4) the means and conditions for amending the operating agreement.
Operating Agreement. A copy of the by-laws of the Borrower certified by an officer of the Borrower to be true and correct as of the Closing Date.
Operating Agreement. A copy of the Operating Agreement of such Credit Party certified by the sole or managing member of such Credit Party to be true and correct as of the Closing Date.
Operating Agreement. The Operating Agreement of the Company dated as of the Effective Date.
Operating Agreement. The undersigned hereby agrees to be bound by and subject to the terms and conditions of the Operating Agreement.
Operating Agreement. The Company shall have executed and delivered to the Investor the Operating Agreement.