Laserfiche WebLink
DocuSign Envelope ID:CCABACD4-6EDA-474F-A230-6C6849B95834 <br /> 1.24 "Nonrecourse Liability" shall have the meaning set forth in Regulations Section <br /> 1.752-1(a)(2). <br /> 1.25 "Parent Entity" shall mean Thorin Resources, LLC. <br /> 1.26 "Percentage Interest"shall mean the percentage of a Member set forth opposite the <br /> name of such Member under the column "Percentage Interest" in Exhibit "A" hereto, as such <br /> percentage may be adjusted from time to time pursuant to the terms of this Agreement. <br /> 1.27 "Person" shall mean an individual, general partnership, limited partnership, limited <br /> liability company, corporation, trust, estate, real estate investment trust association or any other <br /> entity. <br /> 1.28 "Regulations" shall, unless the context clearly indicates otherwise, mean the <br /> regulations currently in force as final or temporary that have been issued by the U.S. Department <br /> of Treasury pursuant to its authority under the Code. <br /> 1.29 "Tax Matters Partner" shall be the Manager, or its successors as designated <br /> pursuant to Section 8.8 hereof. <br /> 1.30 "Thorin Board" shall mean the Board of Managers of Thorin Resources, LLC, the <br /> sole Member of Company as of the date hereof. <br /> ARTICLE II <br /> ORGANIZATIONAL MATTERS <br /> 2.1 Formation. Pursuant to the Act, the Organizer formed a Nevada limited liability <br /> company under the laws of the State of Nevada by filing the Articles with the Nevada Secretary of <br /> State. The rights and liabilities of the Members and Manager shall be determined pursuant to the <br /> Act and this Agreement. To the extent that the rights or obligations of any Member are different by <br /> reason of any provision of this Agreement than they would be in the absence of such provision, <br /> this Agreement shall, to the extent permitted by the Act, control. <br /> 2.2 Name. The name of Company shall be "FAFO Holdings, LLC". The business of <br /> Company may be conducted under that name or,upon compliance with applicable laws, any other <br /> name that the Manager deems appropriate or advisable. The Manager shall file any fictitious name <br /> certificates and similar filings, and any amendments thereto, that the Manager considers <br /> appropriate or advisable. <br /> 2.3 Term. The term of this Agreement shall be co-terminus with the period of duration <br /> 5 <br />