Borrower LLC Agreement Sample Clauses

The Borrower LLC Agreement clause defines the terms and conditions governing the operation and management of a limited liability company (LLC) that is acting as the borrower in a transaction. This clause typically outlines the rights and responsibilities of the LLC's members and managers, sets forth procedures for decision-making, and may include restrictions on activities such as incurring additional debt or transferring interests. Its core practical function is to ensure that the LLC operates in a manner consistent with the expectations of lenders or other stakeholders, thereby providing clarity and reducing the risk of disputes regarding the LLC's governance and obligations.
Borrower LLC Agreement. The Borrower will not amend, modify, waive or terminate (i) any provision of the Borrower LLC Agreement if such amendment, modification, waiver or termination would result in a Default, Event of Default or Material Adverse Effect or (ii) any Special Purpose Provision, in each case without the prior written consent of the Administrative Agent.
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Borrower LLC Agreement. The term “Borrower LLC Agreement” shall mean the limited liability company agreement of the Borrower dated September 28, 2006, and executed by NCAC, as the sole member of the Borrower.
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Borrower LLC Agreement. The Sponsor, in its capacity as a member of the Equityholder, shall not permit the Equityholder to take any action that causes, or to omit to take any action that results in, the Equityholder’s failure to comply with any of its obligations under Section 5.04(d) (Separateness), Section 5.04(f) (Amendments to Constituent Documents), 5.04(g) (Change of Control) or 5.04(h) (Disregarded Entity) or Section 1.8 of the Borrower’s limited liability company agreement.
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Borrower LLC Agreement. The Limited Liability Company Agreement of Charter Communications Operating, LLC dated as of February 10, 1999 shall have been amended and restated in substantially the form attached hereto as Exhibit L (the “LLC Agreement”), to provide for the LLC Arrangement.
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Related to Borrower LLC Agreement

  • Existing Lock-Up Agreement The Company will enforce all existing agreements between the Company and any of its security holders that prohibit the sale, transfer, assignment, pledge or hypothecation of any of the Securities in connection with the Offering. In addition, the Company will direct the Company’s transfer agent to place stop transfer restrictions upon any such Securities of the Company that are bound by such existing “lock-up” agreements for the duration of the periods contemplated in such agreements.