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12.2 No Right to Partition. No Interest Owner shall have any right to maintain any action for <br /> partition with respect to the property of the Company. <br /> 12.3 Amendments. This Agreement or the Articles of Organization may only be amended or <br /> modified by a writing executed and delivered by all of the Members, except as may be required by <br /> applicable tax laws or as may be necessary to reflect a change in the respective Percentage Interest of the <br /> Interest Owners made in accordance with this Agreement. Any amendment so approved may be set forth <br /> in a writing signed by one or more of the Managers of the Company. <br /> 12.4 Governing Law. This Agreement shall be interpreted, construed and enforced in <br /> accordance with the laws of the State of North Carolina. <br /> 12.5 Entire Agreement. This Agreement, including all schedules and addendums to this <br /> Agreement, as amended from time to time in accordance with the terms of this Agreement, contains the <br /> entire agreement among the parties relative to the subject matters hereof. It is the intent of the parties that <br /> no oral or implied agreements shall form a part of the Company's Operating Agreement. <br /> 12.6 Waiver. No consent or waiver, express or implied, by any Interest Owner to or for any <br /> breach or default by any other Interest Owner in the performance by such other Interest Owner of its <br /> obligations under this Agreement shall be deemed or construed to be a consent or waiver to or of any <br /> other breach or default in the performance by such other Interest Owner of the same or any other <br /> obligations of such other Interest Owner under this Agreement. Failure on the part of any Interest Owner <br /> to complain of any act or failure to act of any of the other Interest Owners or to declare any of the other <br /> Interest Owners in default,regardless of how long such failure continues, shall not constitute a waiver by <br /> such Interest Owner of its rights hereunder. <br /> 12.7 Severability. If any provision of this Agreement or the application thereof to any Person <br /> or circumstance shall be invalid or unenforceable to any extent, the remainder of this Agreement and the <br /> application of such provisions to other Persons or circumstances shall not be affected thereby, and the <br /> intent of this Agreement shall be enforced to the greatest extent permitted by law. <br /> 12.8 Binding Agreement. Subject to the limitations and restrictions on transferability set <br /> forth in this Agreement,this Agreement shall inure to the benefit of and be binding upon the undersigned <br /> Interest Owners and their respective legal representatives, successors and assigns. <br /> 12.9 Tense and Gender. Unless the context clearly indicates otherwise, the singular shall <br /> include the plural and vice versa. Whenever the masculine, feminine or neuter gender is used <br /> inappropriately in this Agreement,this Agreement shall be read as if the appropriate gender was used. <br /> 12.10 Captions. Captions are included herein solely for convenience of reference and if there <br /> is any conflict between captions and the text of this Agreement,the text shall control. <br /> 12.11 Benefits of Agreement. Nothing in this Agreement expressed or implied, is intended or <br /> shall be construed to give to any creditor of the Company or any creditor of any Interest Owner or any <br /> other Person whatsoever, other than the Interest Owners and the Company, any legal or equitable right, <br /> remedy or claim under or in respect of this Agreement or any covenant, condition or provisions herein <br /> contained,and such provisions are and shall be held to be for the sole and exclusive benefit of the Interest <br /> Owners and the Company. <br /> 12.12 Agreement in Counterparts. This Agreement may be executed in several counterparts, <br /> each of which shall be deemed an original, and all of which shall constitute one and the same instrument. <br /> In addition, this Agreement may contain more than one counterpart of the signature pages and this <br /> 16 <br />