Common use of Operating Agreement Clause in Contracts

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.

Appears in 9 contracts

Sources: Subscription Agreement (Shasta Power Fund II, LLC), Subscription Agreement (Shasta Power Fund II, LLC), Subscription Agreement (Conversion Housing Fund 1, LLC)

Operating Agreement. You have haves 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 and execution of the Operating Agreement, and 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 UnitsShares. When this Subscription Agreement is countersigned by the Company, the Operating Agreement shall be binding upon acceptance you as of your subscriptionthe closing date.

Appears in 7 contracts

Sources: Subscription Agreement (Masterworks 001, LLC), Subscription Agreement (Masterworks 001, LLC), Subscription Agreement (Masterworks 001, LLC)

Operating Agreement. You have haves 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 and execution of 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 UnitsShares. When this Subscription Agreement is countersigned by the Company, the Operating Agreement shall be binding upon acceptance you as of your subscriptionthe applicable closing date.

Appears in 5 contracts

Sources: Subscription Agreement (Masterworks 197, LLC), Subscription Agreement (Masterworks 146, LLC), Subscription Agreement (Masterworks 161, LLC)

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 shareholder of the Company as a holder of Class A UnitsInterests. When this Subscription Agreement is countersigned by the Company, the Operating Agreement shall be binding upon acceptance of your subscription.

Appears in 4 contracts

Sources: Subscription Agreement (Real Street Build-to-Rent Fund I, LLC), Subscription Agreement (Real Street Build-to-Rent Fund I, LLC), Subscription Agreement (Xiv-I Invest 1, LLC)

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 shareholder 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.

Appears in 2 contracts

Sources: Subscription Agreement (Benchmark Real Estate Investment Fund, LLC), Subscription Agreement (Brookwood Fenton Investments LLC)

Operating Agreement. You have received and read a copy of the Company’s Operating Agreement 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 UnitsMembership Interests. When this Subscription Agreement is countersigned by the Company, the Operating Agreement shall be binding upon acceptance of your subscription.

Appears in 1 contract

Sources: Regulation A+ Subscription Agreement (Holiday Lifestyle Fund I)

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 IDC Units. When this Subscription Agreement is countersigned by the Company, the Operating Agreement shall be binding upon acceptance of your subscription.

Appears in 1 contract

Sources: Subscription Agreement (Shasta Power Fund II, LLC)