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It defines key terms used throughout the agreement, describes member contributions and the resulting membership interests, and provides a structure for managing company property, cash flows, and fiscal matters. The provisions outline how the business and affairs are to be administered, including rights, obligations, and procedures tied to consent, transfers, and regulatory allocations.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/warrens-spring-llc-operating-agreement/282457/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/warrens-spring-llc-operating-agreement/282457.png","ImageObject",442,249,{"name":88,"@type":89},"Blaney","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-24","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",9,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What are the agreement’s stated Effective Date and Agreement Date?","Question",{"text":109,"@type":110},"The agreement is entered into as of February 2022 (the “Agreement Date”) and is effective as of November 19, 2021 (the “Effective Date”).","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How do members contribute capital and receive membership interests?",{"text":114,"@type":110},"On or around the Effective Date, each member contributed $3,000 as initial capital contribution in exchange for a 20% membership interest. On the agreement date, certain members and a trust contributed real property interest as additional capital, while continuing to hold 20% membership interests.",{"name":116,"@type":107,"acceptedAnswer":117},"How is the company formed and what governs dissolution?",{"text":118,"@type":110},"The company is formed under the Pennsylvania Uniform Limited Liability Company Act of 2016 by filing a certificate of organization on November 19, 2021. 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 \nWHEREAS, immediately prior to the Agreement Date each of Ernest Gehman, Ada Gehman, Kim Booz, Denise Saltsman, and the Gehman Trust Dated September 6, 2012 (the“Grant Gehman Trust”) were previously each a one-fifth (1/5) owner (each a “Real Property Interest”) of certain real property located at 1199 Strohl Road, Rush Township, PA 18828, Parcel ID: 175.00-1,001.00,000 (the “Real Property”);  \nWHEREAS, on the Agreement Date, each of Ernest Gehman, Ada Gehman, Kim Booz, Denise Saltsman, and the Grant Gehman Trust on behalf of Grant Gehman, contributed their respective Real Property Interest to the Company as an additional capital contribution to the Company, following which the Company became the sole owner of the Real Property, and each of the Members continued to hold a twenty percent (20%) Membership Interest in the Company;  \nWHEREAS, the Company was formed under the Pennsylvania Uniform Limited Liability Company Act of 2016 (as amended from time to time, the “LLC Law”) upon the filing of the certificate of organization of the Company with the Secretary of State of the Commonwealth of Pennsylvania on November 19, 2021; and  \nWHEREAS, the Members wish to set forth their agreement as to how the business and affairs of the Company shall be managed and their rights and obligations with respect to the Company.  \nPROVISIONS:  \nNOW, THEREFORE, the parties hereto agree as follows:  \nARTICLE I  \nDEFINITIONS  \n1.00  Code has the meaning set forth in the recitals to this Agreement.  \n1.01 Agreement has the meaning set forth in the preamble.  \n{8742070:2 } 1  \n1.02 Assignee has the meaning set forth in Section 6.02.  \n1.03  Board has the meaning set forth in Section 5.00  \n1.04  Certificate of Organization means the Certificate of Organization filed for the Company in accordance with the LLC Law.  \n1.05  Company has the meaning set forth in the preamble.  \n1.06  Company Property means any real and personal property as may be acquired by the Company.  \n1.07  Consent of the Members means the unanimous consent of all of the Members of the Company.  \n1.08  Election Out has the meaning set forth in Section 5.02.  \n1.09  Fiscal Year means the twelve (12) month period ending on December 31 st of each calendar year.  \n1.10  Interim Capital Transactions has the meaning set forth in Section 4.02.  \n1.11  LLC Law has the meaning set forth in the recitals.  \n1.12  Manager has the meaning set forth in Section 5.00.  \n1.13  Member or Members has the meaning set forth in the preamble.  \n1.14  Member Loan has the meaning set forth in Section 3.08.  \n1.15  Membership Interest or Interest means the ownership interest of a Member in the Company, including the right to any and all benefits to which such Member may be entitled in accordance with this Agreement, and the obligations as provided in this Agreement and the LLCLaw.  \n1.16 Net Operating Cash Flow.  \n(a) For any period during which the Company is in existence, Net Operating Cash Flow means the Gross Operating Cash Receipts of the Company for the applicable period, less the Current Operating Expenditures ofthe Company for the same period.  \n(b) For purposes of this Agreement, Gross Operating Cash Receipts shall include all cash received by the Company, excluding capital contributions.  \n(c) For purposes of this Agreement, Current Operating Expenditures of the Company shall be deemed to include the foll","cbCaiqvwh5jJ8wnl","https://ap.wps.com/l/cbCaiqvwh5jJ8wnl","pdf",749081,32,"English","# Provisions\n## Article I - Definitions\n## Article II - Formation, Purpose and Powers of the Company","[{\"question\":\"What are the agreement’s stated Effective Date and Agreement Date?\",\"answer\":\"The agreement is entered into as of February 2022 (the “Agreement Date”) and is effective as of November 19, 2021 (the “Effective Date”).\"},{\"question\":\"How do members contribute capital and receive membership interests?\",\"answer\":\"On or around the Effective Date, each member contributed $3,000 as initial capital contribution in exchange for a 20% membership interest. On the agreement date, certain members and a trust contributed real property interest as additional capital, while continuing to hold 20% membership interests.\"},{\"question\":\"How is the company formed and what governs dissolution?\",\"answer\":\"The company is formed under the Pennsylvania Uniform Limited Liability Company Act of 2016 by filing a certificate of organization on November 19, 2021. The company dissolves and its affairs are wound up under the agreement provisions or by operation of law.\"}]","Warren’s Spring LLC Operating Agreement | PDF",1789575040]