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4.2.3.4.3. the balance, to the
Interest Holders in proportion to their Percentages.
* * * * * * *
4.4. Liquidation and Dissolution.
4.4.1. If the Company is liquidated, the
assets if the Company shall be distributed to the
Interest Holders in accordance with the balances in
their respective Capital Accounts, after taking into
account the allocations of Profit or Loss pursuant to
Section 4.1 or 4.2, if any, and distributions, if any,
of cash or property, if any, pursuant to Sections 4.1
and 4.2.3.
* * * * * * *
4.5.1. Except as otherwise provided in this
Agreement, the timing and amount of all distributions
shall be determined by the Members holding a majority
of the Percentages then outstanding.
* * * * * * *
SECTION V
Management: Rights, Powers and Duties
5.1. Management.
5.1.1. General Manager. The Company shall
be managed by a General Manager, who may, but need not,
be a Member. Anna Mirowski is hereby designated to
serve as the initial General Manager.
5.1.2. General Powers. The General Manager
shall have full, exclusive, and complete discretion,
power, and authority, subject in all cases to the other
provisions of this Agreement and the requirements of
applicable law, to manage, control, administer, and
operate the business and affairs of the Company for the
purposes herein stated, and to make all decisions
affecting such business and affairs, including without
limitation, for Company purposes, the power to:
5.1.2.1. acquire by purchase, lease, or
otherwise, any real or personal property, tangible or
intangible;
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Last modified: March 27, 2008