Extract to table

"Budget Variance Threshold" means five percent (5%) of any budgeted line item set forth in the Approved Budget; any amendment, modification, or expenditure resulting in a variance in excess of such threshold with respect to any single line item shall require the prior written consent of the Non-Managing Member as a Major Decision

All references to sections of the Code shall include any corresponding provisions of any future federal tax statute

(e) The headings and captions used in this Agreement are for convenience of reference only and shall not affect the interpretation or construction of any provision hereof

(i) All accounting terms not specifically defined herein shall have the meanings assigned to them under GAAP

The rights and obligations of the Members and the administration, dissolution, and termination of the Company shall be governed by the Delaware Act except as otherwise provided in this Agreement or the Operating Agreement

2 — Name The business of the Company shall be conducted under the name "Harbor Point Development JV, LLC