Tennessee Operating Agreement between NBC Internet, Inc. and Telocity, Inc.

• Category: Corporations - Public - Operating
• State: Multi-State
• Control #: US-EG-9126
• Format: Word; Rich Text

Description

Operating Agreement between NBC Internet, Inc. and Telocity, Inc. dated December 10, 1999. 58 pages The Tennessee Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a legally binding document that outlines the terms and conditions of the business relationship between the two companies. This agreement is specific to the state of Tennessee and lays out the rights and responsibilities of each party involved. It is an important document that helps establish clear expectations and protects the interests of both NBC Internet, Inc. and Velocity, Inc. The specific details and contents of the Tennessee Operating Agreement may vary based on the specific needs and requirements of NBC Internet, Inc. and Velocity, Inc. However, there can be different types of such agreements that address various aspects of the partnership, such as: 1. General Operating Agreement: This is a comprehensive agreement that covers various business operations between NBC Internet, Inc. and Velocity, Inc. It includes provisions related to management structure, decision-making processes, capital contributions, profit and loss allocations, and dispute resolution procedures. 2. Membership Interest Purchase Agreement: In cases where NBC Internet, Inc. intends to acquire membership interests or ownership stakes in Velocity, Inc., a specific agreement might be drafted. This agreement will outline the terms and conditions of the purchase, including the purchase price, payment terms, and any additional provisions related to the transfer of membership interests. 3. Amendment or Modification Agreement: There might be instances where changes need to be made to the existing Tennessee Operating Agreement. In such cases, an amendment or modification agreement can be created. This document will specify the changes being made, the rationale behind them, and provide any necessary details required to ensure compliance with state laws. 4. Termination Agreement: If the partnership between NBC Internet, Inc. and Velocity, Inc. needs to be dissolved, a termination agreement can be formulated. This agreement will specify the procedures for winding-up the business, distributing assets, and resolving any outstanding obligations or liabilities. Overall, the Tennessee Operating Agreement serves as a crucial document for defining the relationship between NBC Internet, Inc. and Velocity, Inc. It safeguards the interests of both parties and provides a clear framework for conducting business operations in the state of Tennessee.

The Tennessee Operating Agreement between NBC Internet, Inc. and Velocity, Inc. is a legally binding document that outlines the terms and conditions of the business relationship between the two companies. This agreement is specific to the state of Tennessee and lays out the rights and responsibilities of each party involved. It is an important document that helps establish clear expectations and protects the interests of both NBC Internet, Inc. and Velocity, Inc. The specific details and contents of the Tennessee Operating Agreement may vary based on the specific needs and requirements of NBC Internet, Inc. and Velocity, Inc. However, there can be different types of such agreements that address various aspects of the partnership, such as: 1. General Operating Agreement: This is a comprehensive agreement that covers various business operations between NBC Internet, Inc. and Velocity, Inc. It includes provisions related to management structure, decision-making processes, capital contributions, profit and loss allocations, and dispute resolution procedures. 2. Membership Interest Purchase Agreement: In cases where NBC Internet, Inc. intends to acquire membership interests or ownership stakes in Velocity, Inc., a specific agreement might be drafted. This agreement will outline the terms and conditions of the purchase, including the purchase price, payment terms, and any additional provisions related to the transfer of membership interests. 3. Amendment or Modification Agreement: There might be instances where changes need to be made to the existing Tennessee Operating Agreement. In such cases, an amendment or modification agreement can be created. This document will specify the changes being made, the rationale behind them, and provide any necessary details required to ensure compliance with state laws. 4. Termination Agreement: If the partnership between NBC Internet, Inc. and Velocity, Inc. needs to be dissolved, a termination agreement can be formulated. This agreement will specify the procedures for winding-up the business, distributing assets, and resolving any outstanding obligations or liabilities. Overall, the Tennessee Operating Agreement serves as a crucial document for defining the relationship between NBC Internet, Inc. and Velocity, Inc. It safeguards the interests of both parties and provides a clear framework for conducting business operations in the state of Tennessee.