Amended And Restated Operating Agreement California

(d) Notwithstanding any provisions to the contrary thereof or in the shareholders` agreement, subject to and in accordance with all applicable gambling laws, the member is authorized to mortgage or mortgage some or all of its interests to a lender of the business (or a lender to a related business of the business) or an agent acting on behalf of that lender; and any transfer of such interests in accordance with the exercise of a remedy by such lender (or agent) in connection with such pledging or pledge is permitted by this Agreement, without the need for further action or authorization, except as required by applicable gambling legislation. In the exercise of a remedy under such pledge or pledge (a), such lender (or agent) or assignee (or agent) becomes a member under this Agreement, as the case may be, subject to all applicable gambling laws and the obtaining of all applicable gambling licenses under this Agreement, and comes into force in all conditions, including the right to participate in the management of the company`s operations; and is bound by all of a Member`s obligations under this Agreement, without taking any further action by the lender (or agent) or the purchaseee, and (b) to fail to comply with other procedures under this Agreement, and, after such exercise of remedies, subject to applicable gambling laws, the mortgaged member ceases to be a member and no longer has any rights or obligations under this agreement. The performance and delivery of this agreement by a member constitutes any necessary agreement of that member in accordance with the law on the provisions of this section 9.2 above. This section 9.2 may not be modified or modified as long as any of the interests are subject to a pledge or pledging without the prior written consent of the bondholder (or the assignee of such a pledge holder). (a) to take, perform, deliver and require or authorize an officer of the enterprise or any other person to take, perform, deliver and require or take any action under or in respect of a contract, agreement, instrument, certificate, certificate, audit, note, loan or other undertaking; 9.4 Entire Agreement. This Agreement, including any schedules or investments, constitutes, together with the Articles and the Shareholders` Agreement, the complete and exclusive agreement and understanding of the Member with respect to the subject matter contained therein. This Agreement and the Articles supersede all prior agreements, negotiations, declarations, memoranda and understandings, whether written or oral, of the Member, except that such Agreement is subject to the provisions of the Shareholders` Agreement. You do not have to change the LLC Enterprise Agreement every time a minor change is made. Instead, assign an owner to track the changes needed for the agreement and resolve those issues in a single change process. The LLC is more likely to fail or be dissolved in situations where LLC`s initial enterprise agreement does not reflect current ownership structures and members` responsibilities. Without change, other issues, such as change of direction and changes in profit-taking, cannot be applied in court. . .

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