Operating Agreement for a Limited Liability Company
OPERATING AGREEMENT FOR
ABC LIMITED LIABILITY COMPANY
THIS OPERATING AGREEMENT (these "Articles") is made as of the ^ day of ^, 19^ by
and among the signatories identified on the signature pages hereto.
IN CONSIDERATION OF the mutual promises of the parties hereto and other good and
valuable consideration, receipt and adequacy of which is hereby acknowledged, it is mutually
agreed by and between the parties hereto as follows:
The name of the limited liability company shall be "^ Limited Liability Company."
The purpose for which the limited liability company is formed is to acquire interests in
certain parcels of real property located in Illinois and various other states of the United States of
America, as is more fully described in Schedule I hereto as amended from time to time, and to
do and engage in any and all other things and activities incident to the acquisition, holding,
management, operation, leasing, financing, refinancing, development and sale of such property.
REGISTERED OFFICE AND AGENT
The name of the registered agent of the limited liability company shall be ^. The
registered office of the limited liability company shall be located at ^, Illinois.
FILING OF ARTICLES OF ORGANIZATION
The members of the limited liability company shall:
(a) promptly file a duly executed original copy of the Articles of Organization of the
limited liability company, together with one or more additional copies thereof as appropriate,
with the Secretary of State of Illinois (the "Secretary") and in such other place or places as may
be required by law; and
(b) tender and pay all fees, charges and do all other things requisite for the due
formation of the limited liability company pursuant to the laws of the State of Illinois.
The limited liability company shall be deemed formed at the time of the filing of the
Articles of Organization with the Secretary and shall continue for a period of thirty (30) years
from the date of filing, unless sooner terminated pursuant to the further provisions of these