Limited Liability Company Agreement Template Page 2
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19TABLE OF CONTENTS
ARTICLE I. DEFINITIONS ...........................................................................................................1
1.01
Definitions........................................................................................................................1
1.02
Construction.....................................................................................................................2
ARTICLE II. ORGANIZATION.....................................................................................................2
2.01
Formation.........................................................................................................................2
2.02
Name. ...............................................................................................................................3
2.03
Registered Office; Registered Agent; Principal Office; Other Offices. ..........................3
2.04
Purpose.............................................................................................................................3
2.05
Foreign Qualification. ......................................................................................................3
2.06
Term.................................................................................................................................4
2.07
SPE Requirements. .....................................................................................................
3
ARTICLE III. MEMBERSHIP.........................................................................................................8
3.01
Member. ...........................................................................................................................8
3.02
Information. .....................................................................................................................8
3.03
Liability to Third Parties. .................................................................................................9
ARTICLE IV. CAPITAL CONTRIBUTIONS ...............................................................................9
4.01
Initial Contributions. ........................................................................................................9
4.02
Subsequent Contributions. ...............................................................................................9
4.03
Return of Contributions....................................................................................................9
4.04
Advances by Member. .....................................................................................................9
4.05
Capital Accounts..............................................................................................................9
ARTICLE V. ALLOCATION OF PROFITS AND LOSSES; DISTRIBUTIONS ........................9
5.01
Allocation of Net Profits and Net Losses. ........................................................................9
5.02
Distributions...................................................................................................................10
ARTICLE VI. MEETINGS ...........................................................................................................10
6.01
Management by Member and Manager .........................................................................10
6.02
Action bv Written Consent.............................................................................................11
6.03
Compensation.................................................................................................................11
6.04
Conflicts of Interest........................................................................................................11
6.05
Meetings of Member......................................................................................................11
6.06
Removal or Substitution of Manager. ............................................................................11
6.07
Indemnity of Manager....................................................................................................12
ARTICLE VII. BOOKS, RECORDS, REPORTS, AND BANK ACCOUNTS ...........................12
7.01
Maintenance of Books. ..................................................................................................12
7.02
Accounts. .......................................................................................................................12
7.03
Tax Returns....................................................................................................................12
ARTICLE VIII. DISSOLUTION, LIQUIDATION, AND TERMINATION...............................12
8.01
Dissolution. ....................................................................................................................12
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