Texas Business Organizations Code definition
Examples of Texas Business Organizations Code in a sentence
The purpose of the Company is to engage in any lawful business or activity for which a limited liability company may be organized under the Texas Business Organizations Code, as amended from time to time (the “Code”).
Unless the Board of Managers decides otherwise, if the title is one commonly used for officers of a business corporation formed under the Texas Business Organizations Code, the assignment of such title shall constitute the delegation to such person of the authorities and duties that are normally associated with that office.
The Company was formed by filing a Certificate of Formation (“Certificate”) pursuant to and in accordance with the Texas Business Organizations Code (as amended from time to time, the “TBOC”).
Vendor and its Order Fulfiller and Reseller shall be authorized and validly existing under the laws of its state of organization, and shall be authorized to do business in the State of Texas in accordance with Texas Business Organizations Code, Title 1, Chapter 9.
Each Shareholder hereby irrevocably and unconditionally waives, and agrees not to exercise, assert or perfect, any rights of dissent and appraisal under Section 10.354 of the Texas Business Organizations Code.
The Company was formed on the Effective Date, as a Texas limited liability company under and pursuant to the Texas Limited Liability Company Law, as amended (the “Company Law”), part of the Texas Business Organizations Code.
Without limitation of the generality of the foregoing, the Parties expressly disavow the five factor test for a partnership set forth in Section 152.052 of the Texas Business Organizations Code and the “totality of the circumstances” test as set forth in ▇▇▇▇▇▇ ▇.
Unless the Board of Managers decides to otherwise, if the title is one commonly used for officers of a business corporation formed under the Texas Business Organizations Code, the assignment of such title shall constitute the delegation to such person of the authorities and duties that are normally associated with that office.
BreitBurn Energy Partners I, L.P., a Texas limited partnership (together with the Delaware Entities, the “Applicable Entities”), has been duly formed and is validly existing and is in good standing as a limited partnership under the Texas Business Organizations Code, as amended, (the “TBOC”).
To the extent that a change in the TBCA, whether by statute (including the Texas Business Organizations Code) or judicial decision, permits greater indemnification than would be afforded currently under the Articles, Bylaws and this Agreement, it is the intent of the parties hereto that Indemnitee enjoy by this Agreement the greater benefits so afforded by such change.