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Company shall not by virtue of this Agreement have any right or interest in such other <br />transactions or the income or profits therefrom. <br />19. Dissolution. The Company shall be dissolved and its affairs shall be <br />wound up upon the earlier to occur of (a) the decision of the Manager and the Member to <br />dissolve the Company or (b) the dissolution, liquidation or bankruptcy of the Member. <br />20. Fiscal Year. The fiscal year of the Company shall end on December 31. <br />21. Benefits of Agreement. None of the provisions of this Agreement shall be <br />for the benefit of or enforceable by any creditor of the Company, the Manager or of the Member. <br />22. Integration. This Agreement constitutes the entire agreement pertaining to <br />the subject matter hereof and supersedes all prior and contemporaneous agreements and <br />understandings in connection therewith. <br />23. Headings. The titles of Sections of this Agreement are for convenience of <br />reference only and shall not define or limit any of the provisions of this Agreement. <br />24. Governing Law. This Agreement shall be governed by, and construed in <br />accordance with, the laws of the State of Colorado, without giving effect to conflicts of law <br />principles of such State. <br />25. Amendments. This Agreement may be amended only by written <br />instrument executed by the Member. <br />IN WITNESS WHEREOF, the undersigned has duly executed this Operating Agreement <br />as of the date first set forth above. <br />DEN 98297713 v1 4 <br />