Vertical - iNPI LLC Operating Agreement dated April 26, 2000
VERTICAL-inpi LLC
OPERATING AGREEMENT
April 26, 2000
TABLE OF CONTENTS
ARTICLE 1 DEFINITIONS
1.1 "Act"
1.2 "Adjusted Capital Account"
1.3 "Agreement"
1.4 "Capital Account"
1.5 "Capital Contribution"
1.6 "Certificate"
1.7 "Code"
1.8 "Dissolution Event"
1.9 "Distributable Cash"
1.10 "Economic Interest"
1.11 "Fiscal Year"
1.12 "LLC"
1.13 "LLC Business"
1.14 "Majority Interest"
1.15 [Intentional Deletion]
1.16 "Member"
1.17 "Membership Interest"
1.18 "Net Profits"
1.19 "Percentage Interest"
1.20 "Person"
1.21 "Supermajority in Interest"
1.22 "Tax Matters Partner"
1.23 "Technology"
1.24 "Treasury Regulations"
1.25 "Unreturned Additional Capital"
ARTICLE 2 ORGANIZATIONAL MATTERS
2.1 Formation
2.2 Name
2.3 Term
2.4 Office and Agent
2.5 Addresses of the Members
2.6 Purpose of Company
2.7 Joint Ventures
ARTICLE 3 CAPITAL CONTRIBUTIONS
3.1 Initial Capital Contributions
3.2 Additional Capital Contributions
3.3 Capital Accounts
3.4 No Interest
3.5 Withdrawal of Capital
3.6 Percentage Interest
3.7 Percentage Interest Adjustment
ARTICLE 4 MEMBERS
4.1 Limited Liability
4.2 Admission of Additional Members
4.3 [Intentional Deletion]
4.4 Termination of Membership Interest
4.5 [Intentional Deletion]
4.6 Members Are Not Agents
4.7 Voting Rights
4.8 Major Decisions
4.9 Meetings of Members
4.9.1 Power to Call Meetings
4.9.2 Date, Time and Place of Meetings of Member