Finance Committee - Agenda - 12/26/2017 - P68
SCHEDULE 1
to
MOULISON, LLC
LIMITED LIABILITY COMPANY AGREEMENT
Name Mailing Address
SC Holdings, Inc. 378 Bennoch Road
P.O. Box 435
Stillwater, ME 04489
{RIGH7112 $7989-072080 } 13
SCHEDULE 1
to
MOULISON, LLC
LIMITED LIABILITY COMPANY AGREEMENT
Name Mailing Address
SC Holdings, Inc. 378 Bennoch Road
P.O. Box 435
Stillwater, ME 04489
{RIGH7112 $7989-072080 } 13
reference in this Agreement to any law, rule or regulation shall be construed as reference to the
law, rule or regulation as it may have been, or may from time to time be, amended, revised
or reenacted and any successor thereto. The headings of sections in this Agreement are intended
for reference purposes only and shall be given no substantive meaning or any interpretive force.
IN WITNESS WHEREOF, the undersigned has duly executed this Limited Liability Company
Agreement as of the day and year first aforesaid,
Name:
Title:
President
this Agreement in and io such independent ventures or the income or profits derived therefrom,
and the pursuit of any such venture, even if competitive with the business of the Company, shall
not be decmed wrongful or improper. The Member or any Affiliate thereof shall not be obligated
to disclose or present any particular opportunity to the Company even if that opportunity is of a
character that, if disclosed or presented to the Company, could be taken by the Company, and the
To the fullest extent permitted by applicable law, the Member (irrespective of the capacity in
which it acts) shall be entitled to indemnification from the Company for any loss, damage or
claim incurred by the Member by reason of any act or omission (whether or not constituting
negligence or gross negligence) performed or omitted and any other Covered Person shall be
entitled to indemnification from the Company for any loss, damage or claim incurred by that
Covered Person by reason of any act or omission (whether or not constituting negligence)
(a) the Member will cease to be a member of the Company;
(b) the assignee will automatically and simultaneously be admitted as the
Successor Member without any further action at the time the voluntary transfer or
assignment becomes effective under applicable law; and
(c) the Company shall be continued without dissolution.
8. ADDITIONAL CONTRIBUTIONS; MEMBER LOANS
(i) The Member may, but is not required to, make additional capital contributions to the
Company.
(iii) the persons who or entities that are authorized to execute and deliver any instrument
or document of or on behalf of the Company; or
(iv) any act or failure to act by the Company or as to any other matter whatsoever
involving the Company, the Member, a Manager or any officer of the Company.
6.3 RECORDS AND INFORMATION
more than one Vice President, the Vice Presidents in the order designated, or in the
absence of any designation, then in the order of their seniority as Vice Presidents) shall
perform the duties of President, and when so acting, shall have all the powers of and be
subject to all the restrictions upon the President.
with the foregoing, including the power and authority to execute all documents or instruments,
perform all duties and powers and do all things for and on behalf of the Company in all matters
necessary, desirable, convenient or incidental to the purpose of the Company. The Manager may
delegate to other persons or entities so much of the Manager’s responsibilities hereunder that the
Manager determines to be necessary, appropriate or convenient for the efficient administration
(m) to make, execute, acknowledge and file any and all documents or instruments
necessary, convenient or incidental to the accomplishment of the purpose of the
Company.
(ii) All real and personal property of the Company shall be owned by the Company as an
entity. The Member shall not have any interest in any specific property of the Company. The
interest of the Member in the Company is personal property.
4. MEMBER