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5.1.2.11. enter into any kind of
activity necessary to, in connection with, or
incidental to, the accomplishment of the purposes of
the Company; and
5.1.2.12. invest and reinvest Company
reserves in short-term instruments or money market
funds.
5.1.3. Extraordinary Transactions.
5.1.3.1. Notwithstanding anything to
the contrary in this Agreement, the General Manager
shall not undertake any of the following without the
approval of the Members:
5.1.3.2. any Capital Transaction;
5.1.3.3. the Company’s lending more than
$50,000 of its money on any one occasion;
5.1.3.4. the admission of additional
Members to the Company;
5.1.3.5. the Company’s engaging in
business in any jurisdiction which does not provide for
the registration of limited liability companies; and
5.1.3.6. the Company’s electing to
exercise any Purchase Option pursuant to Section 6.4.
* * * * * * *
5.1.5. Removal of General Manager. A
majority of the Percentages held by all Members, at any
time and from time to time and for any reason, may
remove the General manager then acting and elect a new
General Manager.
* * * * * * *
SECTION VI
Transfer of Interests and Withdrawals of Members
6.1. Transfers.
6.1.1. No Person may Transfer all or any
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Last modified: March 27, 2008