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A. Real Property Transfer Agreement - 530 Blaine Ave - Affordable HomeMatters Indiana
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A. Real Property Transfer Agreement - 530 Blaine Ave - Affordable HomeMatters Indiana
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4/28/2026 2:40:00 PM
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4/28/2026 2:39:48 PM
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Board of Public Works
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Projects
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4/28/2026
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Schedule I - 1 <br />SCHEDULE I TO OPERATING AGREEMENT <br />SCHEDULE OF DEFINITIONS <br /> <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 /> <br />"Act" means the Indiana Business Flexibility Act (Indiana Code Sections 23-18-1-1 et seq.), <br />as the same may be amended from time to time. <br /> <br />"Additional Member" means any individual or Entity admitted as a Member pursuant to <br />Section 3.6. <br /> <br />"Agreement" means this Operating Agreement of the Company, as originally executed and <br />as amended from time to time. <br /> <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 /> <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 /> <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 /> <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 /> <br />"Company" means shall have the meaning set forth in the preamble to this Agreement. <br /> <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 /> <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 /> <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 /> APPROVED AND FILED <br /> DIEGO MORALES <br /> INDIANA SECRETARY OF STATE <br /> 05/03/2024 03:16 PM <br />- Page 19 of 23 -
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