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Real Property Transfer Agreement - Affordable HomeMatters Indiana LLC Intend Indiana
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Real Property Transfer Agreement - Affordable HomeMatters Indiana LLC Intend Indiana
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4/17/2025 3:56:51 PM
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2/25/2025 12:26:35 PM
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Board of Public Works
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Projects
Document Date
2/25/2025
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APPROVED AND FILED <br />DIEGO MORALES <br />INDIANA SECRETARY OF STATE <br />05/03/2024 03:16 PM <br />SCHEDULE I TO OPERATING AGREEMENT <br />SCHEDULE OF DEFINITIONS <br />The terms used in this Agreement with their initial letters capitalized shall have, unless the <br />context otherwise requires or unless otherwise expressly provided in this Agreement, the meanings <br />specified in this Schedule I. Any term used but not defined in this Agreement shall have the meanings <br />set forth in the Act. The singular shall include the plural, and the masculine gender shall include the <br />feminine and neuter, and vice versa, as the context requires. When used in this Agreement, the <br />following terms shall have the meanings set forth below: <br />"Act" means the Indiana Business Flexibility Act (Indiana Code Sections 23-18-1-1 et sic <br />as the same may be amended from time to time. <br />"Additional Member" means any individual or Entity admitted as a Member pursuant to <br />Section 3.6. <br />"Agreement" means this Operating Agreement of the Company, as originally executed and <br />as amended from time to time. <br />"Articles" means the Articles of Organization of the Company, as originally filed with the <br />Indiana Secretary of State and as amended from time to time. <br />"Capital Account" means the account established and maintained pursuant to Section 3.4 a <br />and in the manner provided by the Code and the applicable Treasury Regulations thereunder. <br />"Capital Contribution" means the total value of cash and agreed fair market value of <br />property contributed and agreed to be contributed to the Company by the Member, as shown on <br />Exhibit A, as the same may be amended from time to time. <br />"Code" means the Internal Revenue Code of 1986, as amended. All references in this <br />Agreement to sections of the Code shall include any corresponding provision or provisions of any <br />succeeding law. <br />"Company" means shall have the meaning set forth in the preamble to this Agreement. <br />"Entity" means any association, corporation, general partnership, limited partnership, <br />limited liability partnership, limited liability company, joint stock association, joint venture, firm, <br />trust, business trust, cooperative, or foreign associations of like structure. <br />"Event of Dissociation" means any of the events listed in Section 8.1 upon which the <br />Member ceases to be a Member. <br />"Interest" means the entire ownership interest of the Member in the Company at any <br />particular time, including the right of the Member to any and all benefits to which the Member <br />Schedule I - 1 <br />- Page 19 of 23 - <br />
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