eby agree as follows: 1. Defined Terms. As used in this Agreement, the following terms shall have the following respective meanings: "Act" means the New York Limited Liability Company Act, as the same may be amended from time to time. "Additional Profit Participation" means the sum of (i) all initial capital contributions made by th

mber" and, collectively, the "Members"). 1. Formation. The Company has been formed as a New York limited liability company under and pursuant to the New York Limited Liability Company Act (as the same may be amended from time to time, the "Act"). 2. Purposes. The purpose and business of the Company is to acquire, hold, renovate, ma

mber" and, collectively, the "Members"). 1. Formation. The Company has been formed as a New York limited liability company under and pursuant to the New York Limited Liability Company Act (as the same may be amended from time to time, the "Act"). 2. Purposes. The purpose and business of the Company is to acquire, hold, renovate, ma