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Common use of Operating Member Clause in Contracts

Operating Member. Woodfield, subject to CNL’s right to terminate Woodfield’s authority as Operating Member in accordance with Section 6.7.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (CNL Growth Properties, Inc.), Limited Liability Company Agreement (Global Growth Trust, Inc.), Limited Liability Company Agreement (Global Growth Trust, Inc.)

Related Clauses

  • Managing Member
  • Single Member
  • Multi-Member
  • General Partner
  • Property Manager

Parent Clauses

  • Definitions
  • Management of the Company
  • Miscellaneous
  • COOPERATION
  • GENERAL PROVISIONS

Sub-Clauses

  • Expenditures
  • Indemnification
  • Authority of Operating Member
  • Responsibilities of Operating Member
  • Designation of Operating Member
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