LimitedLiabilityCoAgreement有限责任公司新版章程B.docx

【英文名称】Limited Liability Co. Agreement【汉字名称】有限责任企业章程【协议类型】商业文本Business Formation 股东协议Limited Liability Company Agreements正文简单编辑 AMENDED AND RESTATEDLIMITED LIABILITY COMPANY AGREEMENTOFAAA LLCdated as of _(M,D,Y)TABLE OF CONTENTSARTICLE 1 DEFINITIONSARTICLE 2 GENERAL2.1 Formation2.2 Principal Office2.3 Registered Office and Registered Agent2.4 Purpose of the Company2.5 Date of Dissolution2.6 Qualification2.7 Members2.8 Reliance by Third PartiesARTICLE 3 CAPITALIZATION OF THE COMPANY3.1 Initial Capital Contributions3.2 Additional Capital Contributions3.3 Loans3.4 Maintenance of Capital Accounts3.5 Capital Withdrawal Rights, Interest and PriorityARTICLE 4 DISTRIBUTIONS4.1 Distributions of Available Cash4.2 Persons Entitled to Distributions4.3 Limitations on DistributionsARTICLE 5 ALLOCATIONS5.1 Profits5.2 Losses5.3 Regulatory Allocations5.4 Tax Allocations: Code Section 704(c)5.5 Change in Percentage Interests5.6 WithholdingARTICLE 6 MEMBERS MEETINGS6.1 Meetings of Members; Place of Meetings6.2 Quorum; Voting Requirement6.3 Proxies6.4 Action Without Meeting6.5 Notice6.6 Waiver of NoticeARTICLE 7 MANAGEMENT AND CONTROL.7.1 Board of Directors7.2 Meetings of the Board7.3 Quorum and Acts of the Board7.4 Electronic Communications7.5 Committees of Directors7.6 Compensation of Directors7.7 Directors as Agents7.8 Officers; Agents7.9 Matters Requiring Member ApprovalARTICLE 8 LIABILITY AND INDEMNIFICATION8.1 Limitation on Liability of Members, Directors and Officers8.2 IndemnificationARTICLE 9 TRANSFERS OF MEMBERSHIP INTERESTS.9.1 General Restrictions9.2 Permitted Transferees9.3 Substitute Members9.4 Effect of Admission as a Substitute Member9.5 Consent9.6 No Dissolution9.7 Additional Members.9.8 Right of First Refusal9.9 Registration Rights Agreement9.10 Transfer to GGGARTICLE 10 DISSOLUTION AND TERMINATION10.1 Events Causing Dissolution10.2 Final Accounting10.3 Distributions Following Dissolution and Termination10.4 Termination of the Company10.5 No Action for DissolutionARTICLE 11 TAX MATTERS.11.1 Tax Matters Member11.2 Certain Authorizations11.3 Indemnity of Tax Matters Member11.4 Information Furnished11.5 Notice of Proceedings, etc11.6 Notices to Tax Matters Member11.7 Preparation of Tax Returns11.8 Tax Elections11.9 Taxation as a PartnershipARTICLE 12 ACCOUNTING AND BANK ACCOUNTS12.1 Fiscal Year and Accounting Method12.2 Books and Records12.3 Delivery to Members; Inspection12.4 Financial Statements12.5 Filings12.6 Non-DisclosureARTICLE 13 NON-COMPETITION AND NON-SOLICITATION.13.1 Non-Competition13.2 Non-Solicitation13.3 Damages13.4 LimitationsARTICLE 14 MISCELLANEOUS14.1 Waiver of Default14.2 Amendment14.3 No Third Party Rights14.4 Severability14.5 Nature of Interest in the Company14.6 Binding Agreement14.7 Headings14.8 Word Meanings14.9 Counterparts14.10 Entire Agreement14.11 Partition14.12 Governing Law; Consent to Jurisdiction and VenueAMENDED AND RESTATEDLIMITED LIABILITY COMPANY AGREEMENTOFAAA LLCTHIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this AGREEMENT) of AAA LLC, a _(STATE) limited liability company (the COMPANY), is made and entered into as of the _ day of _(M,Y) by and among the Persons executing this Agreement on the signature pages hereto as a member (together with such other Persons that may hereafter become members as provided herein, referred to collectively as the MEMBERS or, individually, as a MEMBER).WHEREAS, CCC Inc., a _(STATE) corporation (BBB, INC.), as the Companys initial member, formed the Company on _(M,D,Y) as a limited liability company under the Act (as defined below) by causing a certificate of formation of the Company to be filed with the _ Secretary of State and has made a capital contribution of the LLC Incentive Distribution Rights (as defined in the Transfer Agreement (as hereinafter defined) to the Company;WHEREAS, BBB, Inc. and the other Members desire to enter into this Agreement pursuant to which such other Members shall be admitted to the Company;WHEREAS, all of the property used in the trade or business of BBB, Inc. as General Partner (as defined in the BBB, L.P. Partnership Agreement) associated with the headquarter employees described in Section 1(a)(ii) of that certain Pension and Employee Benefits Assumption and Transition Agreement, dated as of the date hereof, by and among BBB, BBB, Inc. and the Company (the TRANSITION AGREEMENT) has been transferred by BBB to the Company;WHEREAS, in connection with the Contribution Agreement, the Company will have succeeded to the management and business activities formerly performed by BBB, Inc. as General Partner (as defined in the BBB, L.P. Partnership Agreement).NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein, the parties agree as follows:ARTICLE 1 DEFINITIONSAs used herein, the following terms shall have the following meanings, unless the context otherwise requires:ACCEPTANCE NOTICE shall have the meaning set forth in Section 9.8(b).ACT means the _ Limited Liability Company Act, 6 Del. C. Section 18-101, et seq., as amended from time to time.ADJUSTED CAPITAL ACCOUNT DEFICIT means, with respect to a Member, the deficit balance, if any, in such Members Capital Account as of the end of the relevant Taxable Year, after giving effect to the following adjustments:(a) Credit to such Capital Account any amounts which such Member is obligated to restore pursuant to any provision of this Agreement or is deemed to be obligated to restore pursuant to Regulation Sections 1.704- 1(b)(2)(ii)(c), 1.704-2(g)(1) and 1.704-2(i)(5); and(b) Debit to such Capital Account the items described in Regulation Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5), and 1.704- 1(b)(2)(ii)(d)(6).AFFILIATE means, with respect to any specified Person, any other Person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such specified Person.AGREEMENT shall have the meaning set forth in the preamble hereof, as the same may be amended from time to time in accordance with the terms hereof.AUTHORIZED REPRESENTATIVE shall have the meaning set forth in Section 6.1.AVAILABLE CASH means, with respect to a fiscal quarter, all cash and cash equivalents of the Company at the end of such quarter less the amount of cash reserves that is necessary or appropriate in the reasonable discretion of the Board to (a) provide for the proper conduct of the business of the Company (including reserves for future capital expenditures and for anticipated future credit needs of the Company) subsequent to such quarter or (b) comply with applicable law or any loan agreement, security agreement, mortgage, debt instrument or other agreement or obligation to which the Company is a party or by which it is bound or its assets or Property is subject; provided, however, that disbursements made by the Partnership to the Company or cash reserves established, increased or reduced after the expiration of such quarter but on or before the date of determination of Available Cash with respect to such quarter shall be deemed to have been made, established, increased or reduced, for purposes of determining Available Cash, during such quarter if the Board so determines in its reasonable discretion.BOARD means the Board of Directors of the Company.BUSINESS means all Hydrocarbon gathering, transportation, terminalling, storage, and marketing and all operations related thereto, including, without limitation, (a) the acquisition, construction, installation, maintenance or remediation and operation of pipelines, gathering lines, compressors, facilities, storage facilities and equipment, and (b) the gathering of Hydrocarbons from fields, interstate and intrastate transportation by pipeline, trucks or barges, tank storage of Hydrocarbons, transferring Hydrocarbons from pipelines and storage tanks to trucks, barges or other pipelines, acquisition of Hydrocarbons at the well or bulk purchase at pipeline and terminal facilities and subsequent resale thereof.BUSINESS DAY means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by law to be closed in the City of New York.CAPITAL ACCOUNT means, with respect to any Member, a separate account established by the Company and maintained for each Member in accordance with Section 3.4 hereof.CAPITAL CONTRIBUTION means, with respect to any Member, the amount of money and the initial Gross Asset Value of any Property (other than money) contributed to the Company with respect to the interests purchased by such Member pursuant to the terms of this Agreement, in return for which the Member contributing such capital shall receive a Membership Interest.CAUSE shall have the meaning set forth in the Flores Employment Agreement.CERTIFICATE means the Certificate of Formation of the Company filed with the Secretary of State of _, as amended or restated from time to time.CODE means the United States Internal Revenue Code of 1986, as amended.COMPANY shall have the meaning set forth in the preamble hereof.COMPANY AFFILIATE shall have the meaning set forth in Section 8.2.COMPENSATORY UNITS shall have the meaning set forth in Section 3.4(v).CREDIT AGREEMENTS shall have the meaning set forth in the Transfer Agreement, as such credit agreements may be amended, modified or supplemented from time to time, including, without limitation, amendments, modifications, supplements and restatements thereof giving effect to increases, renewals, extensions, refundings, deferrals, restructurings, replacements or refinancings of, or additions to, the arrangements provided in such credit agreements.DEPRECIATION means, for each Taxable Year or other period, an amount equal to the depreciation, amortization or other cost recovery deduction allowable with respect to an asset for such Taxable Year, except that if the Gross Asset Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such Taxable Year, Depreciation shall be an amount which bears the same ratio to such beginning Gross Asset Value as the federal income tax depreciation, amortization or other cost recovery deduction for such Taxable Year bears to such beginning adjusted tax basis; provided, however, that if the adjusted basis for federal income tax purposes of an asset at the beginning of such Taxable Year is zero, Depreciation shall be determined with reference to such beginning Gross Asset Value using any reasonable method selected by the Board.DIRECTORS shall have the meaning set forth in Section 7.1(a).FFF means FFF, L.P., a Texas limited partnership.EMPLOYEES shall have the meaning set forth in Section 13.2.ENCAP shall have the meaning set forth in Section 13.1.ENCUMBRANCE means any security interest, pledge, mortgage, lien (including, without limitation, environmental and tax liens), charge, encumbrance, adverse claim, any defect or imperfection in title, preferential arrangement or restriction, right to purchase, right of first refusal or other burden or encumbrance of any kind, other than those imposed by this Agreement.FLORES EMPLOYMENT AGREEMENT means the Employment Agreement dated _(M,D,Y) between JCF and BBB.FIRST REFUSAL NOTICE shall have the meaning set forth in Section 9.8(a).JJJ shall have the meaning set forth in Section 9.1.GENERAL PARTNERS PERCENTAGE means the Percentage Interest as to theGeneral Partner (with respect to its General Partner Interest) as such terms are defined in the BBB L.P. Partnership Agreement.GOOD REASON shall have the meaning set forth in the Flores Employment Agreement.GROSS ASSET VALUE means with respect to any asset, the assets adjusted basis for federal income tax purposes, except as follows and as otherwise provided in Section 3.2(b):(a) The initial Gross Asset Value of any asset contributed by a Member to the Company shall be the gross fair market value of such asset, as reasonably determined by the Board; provided, however, that the initial Gross Asset Values of the assets contributed to the Company pursuant to Section 3.1 hereof shall be as set forth in such section or the schedule referred to therein;(b) The Gross Asset Values of all Company assets shall be adjusted to equal their respective gross fair market values (taking Code Section 7701(g) into account), as reasonably determined by the Board as of the following times: (i) the acquisition of an additional interest in the Company by any new or existing Member in exchange for more than a de minimis Capital Contribution; (ii) the distribution by the Company to a Member of more than a de minimis amount of Company property as consideration for an interest in the Company; and (iii) the liquidation of the Company within the meaning of Regulation Section 1.704-1(b)(2)(ii)(g); and(c) The Gross Asset Value of any item of Company assets distributed to any Member shall be adjusted to equal the gross fair market value (taking Code Section 7701(g) into account) of such asset on the date of distribution as reasonably determined by the Board.If the Gross Asset Value of an asset has been determined or adjusted pursuant to subparagraph (b), such Gross Asset Value shall thereafter be adjusted by the Depreciation taken into account with respect to such asset, for purposes of computing Profits and Losses.HYDROCARBONS means crude oil, natural gas, casinghead gas, condensate, sulphur, natural gas liquids, plant products, liquefied petroleum gas and other liquid or gaseous hydrocarbons produced in association therewith, including, without limitation, coalbed methane and gas and CO2.INDEPENDENT DIRECTOR means a Director who is eligible to serve on the Conflicts Committee (as defined, and provided for, in the BBB, L.P.Partnership Agreement) and is otherwise independent as defined in Sections 303.01(B)(2)(a) and (3) or any successor provisions of the listing standards of the New York Stock Exchange.INITIAL CAPITAL CONTRIBUTION DATE means the earlier to occur of (i) the Closing Date (as defined in the Transfer Agreements), or (ii) such date as may be determined by the Board upon not less than three Business Days notice to the Members of such date.INITIAL DESIGNATING MEMBERS means BBB, Inc., FFF, EEE and DDD.INITIAL DIRECTORS shall have the meaning set forth in Section 7.1(a)(i).INITIAL MEMBERS me