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Section 8(a) of the Operating Agreement is hereby amended by deleting the phrase ?six (6)? and replacing such phrase with ?seven (7)?. THIS FIRST AMENDED AND RESTATED OPERATING AGREEMENT is made and entered into effective as of October 14, 2009 by and among NAUTILUS TECHINICAL GROUP, LLC, ... A limited liability company will create an amended operating agreement if they need to make changes to their original operating agreement. An amendment to an LLC operating agreement changes the original terms and must be agreed to by a prerequisite portion of the member(s). The most common change ... Examples of Operating Agreement in a sentence?? Therefore, no Party shall propose a change to this Operating Agreement that is inconsistent with the rates, terms ... Once this agreement and the associated Annual Operating Agreement are duly executed, this agreement will replace all provisions in the existing Transit Service ... Use this free corporation operating agreement template to create a legal document that defines the internal management of a limited liability company (LLC). The first step is that we discuss the change with all of the owners of the business to make sure that everyone understands what the changes will be at that they ... Once these are updated to accurately reflect the actual owners and percentages of ownership at that given time, there may be no other need to change the ... Most LLC operating agreements are short and sweet, and they typically address the following five points: · 1. Percent of Ownership/How You'll Distribute Profits.

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