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9079064
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Last modified
1/3/2020 5:00:42 PM
Creation date
12/26/2019 2:25:04 PM
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Permits
Permit Address
4505 TWIN OAKS AVE NE
Permit City
ST PAUL
Permit Number
555-17-006932-EVAL
Parcel Number
042W20B 00100
Permit Type
Site Evaluation
Permit Doc Type
Permit Document
Status
Ready to Film
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or reason of or arising from the fact that such person is or was an Operating Member of the Company, <br /> or is or was serving at the request of the Company as an Operating Member,director,officer, member, <br /> trustee,employee,or agent of another foreign or domestic limited liability company,corporation, <br /> partnership,joint venture, trust benefit plan or other enterprise. The Company may, by actions of the <br /> Members or Operating Member, provide indemnification to employees and agents of the Company who <br /> are not Operating Members. The indemnification provided in this section shall not be exclusive of any <br /> other rights to which any person may be entitled under any statute, bylaw, agreement,resolution of <br /> Members or Operating Member, contract, or otherwise. <br /> 10.2 Limitations ofLiabilisj. The Operating Member of the Company shall not be liable to <br /> the Company or its Members for monetary damages for conduct as Operating Member except to the <br /> extent that the Oregon Limited Liability Company Act,as it now exists or may hereafter be amended, <br /> prohibits elimination or limitation of Operating Member liability, No repeal or amendment of this <br /> section or of the Oregon Limited Liability Company Act shall adversely affect any right or protection of <br /> an Operating Member for actions or omissions prior to the repeal or amendment. <br /> 11. AMENDMENTS <br /> 11.1 Amendment of Agreement. Except as otherwise required by law and under this <br /> Agreement, the Agreement may be amended in any respect upon the affirmative vote of members <br /> holding fifty-one percent(51%) of the Ownership Interests provided that no amendment shall be <br /> adopted, the net result of which is to materially impair the vested rights of any Member or to dilute the <br /> Ownership Interests of any Member unless the unanimous consent of all the Members has first been <br /> obtained. In the event the Operating Member refuses to amend this Agreement to accommodate <br /> changes required herein from time to time, said vote by the Members shall be deemed to override said <br /> Operating Member's withholding of necessary action to amend this Agreement. <br /> 11.2 Direction to OaeratinE Member. In the event this Agreement shall be amended <br /> pursuant to this Section,the Operating Member shall amend the Articles of Organization to reflect any <br /> such changes if it deems such amendment of the Articles of Organization to be necessary or <br /> appropriate. <br /> 12. MISCELLANEOUS <br /> 12.1 Additional Documents. Each Member shall execute such additional documents and take <br /> such actions as are reasonably requested by the Operating Member in order to complete or confirm the <br /> transactions contemplated by this Agreement. <br /> 12.2 Arbitration. Any dispute among the Members or among the Members and the Company <br /> concerning this Agreement shall be settled by arbitration before a single arbitrator, using the rules of <br /> commercial arbitration of the American Arbitration Association. Arbitration shall occur in Portland, <br /> Oregon. The parties shall be entitled to conduct discovery in accordance with the Federal Rules of <br /> Civil Procedure, subject to limitation by the arbitrator to secure just and efficient resolution of the <br /> dispute. If the amount in controversy exceeds $10,000,the arbitrator's decision shall include a <br /> statement specifying in reasonable detail the basis for and computation of the amount of the award,if <br /> any. A party substantially prevailing in the arbitration shall also be entitled to recover such amount for <br /> Page-12- OPERATING AGREEMENT F <br />
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