Newco LLC Agreement Sample Clauses

Newco LLC Agreement. Promptly after the Cingular Wireless Transfer Effective Time, Cingular Manager, AWE and Cingular Wireless shall execute and deliver a Limited Liability Company Agreement for Newco LLC (the “Newco LLC Agreement”) substantially in the form attached hereto as Exhibit K. For the avoidance of doubt, the Newco LLC Agreement shall provide, and the Parents shall take all other actions necessary so that, Cingular Manager shall be the manager of Newco LLC. The value of the capital account in Newco LLC of Cingular Wireless shall initially be equal to the net fair market value of the assets transferred pursuant to the Cingular Wireless Transfer (which for the avoidance of doubt, shall include the value of any assets subsequently contributed to Cingular Headquarters in accordance with the Cingular Headquarters Transfer Agreement or to Newco as part of the Cingular Wireless Transfer), net of the liabilities for which Newco is liable under the Cingular Supplemental Indenture, as determined jointly and in good faith by BellSouth and SBC promptly after the date hereof, but in any event, no later than December 31, 2004. Subject to the foregoing, the value of the capital account in Newco LLC of AWE shall initially be equal to the net fair market value of the assets transferred pursuant to the AWE Transfer (which, for the avoidance of doubt, shall include the value of any assets subsequently contributed to AWE Headquarters in accordance with the AWE Headquarters Transfer Agreement or to Newco as part of the AWE Transfer), plus the fair market value of any assets held by AWE that are to be disposed of by AWE (the proceeds of which are contributed to Newco LLC in accordance with Section 7.7), net of the liabilities for which Newco is liable under the AWE Supplemental Indentures, as determined jointly and in good faith by BellSouth and SBC promptly after the date hereof, but in any event, no later than December 31, 2004. BellSouth and SBC hereby agree to determine in good faith the number of Newco LLC Units to be issued to Cingular Wireless in respect of the Cingular Transfer (the “Cingular Wireless Number of Newco LLC Units”) and the number of Newco LLC Units to be issued to AWE in the Newco Conversion (the “AWE Number of Newco LLC Units”), such number of Newco LLC Units to be in proportion to the fair market value of their respective capital accounts in Newco LLC.
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Newco LLC Agreement. The term “Newco LLC Agreement” shall mean the Amended and Restated Limited Liability Company Operating Agreement substantially in the form which is set forth in Exhibit C3 to this Settlement Agreement.
Newco LLC Agreement. On the date Newco is formed, SBC and BellSouth shall collectively cause Manager to enter into the Newco LLC Agreement.

Related to Newco LLC Agreement

  • LLC Agreement This Agreement shall be treated as part of the LLC Agreement as described in Section 761(c) of the Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations.

  • Partnership Agreement Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

  • Operating Partnership Agreement The Operating Partnership Agreement, in substantially the form attached hereto as Exhibit B, shall have been executed and delivered by the partners of the Operating Partnership and shall be in full force and effect and, except as contemplated by Section 2.03 or the other Formation Transaction Documents, shall not have been amended or modified.

  • Partnership Agreements Each of the partnership agreements, declarations of trust or trust agreements, limited liability company agreements (or other similar agreements) and, if applicable, joint venture agreements to which the Company or any of its subsidiaries is a party has been duly authorized, executed and delivered by the Company or the relevant subsidiary, as the case may be, and constitutes the valid and binding agreement of the Company or such subsidiary, as the case may be, enforceable in accordance with its terms, except as the enforcement thereof may be limited by (A) the effect of bankruptcy, insolvency or other similar laws now or hereafter in effect relating to or affecting creditors’ rights generally or (B) the effect of general principles of equity, and the execution, delivery and performance of such agreements did not, at the time of execution and delivery, and does not constitute a breach of or default under the charter or bylaws, partnership agreement, declaration of trust or trust agreement, or limited liability company agreement (or other similar agreement), as the case may be, of the Company or any of its subsidiaries or any of the Agreements and Instruments or any law, administrative regulation or administrative or court order or decree.

  • Contribution Agreement The Agent shall have received an executed counterpart of the Contribution Agreement.

  • Transaction Agreement This Amendment shall be a Transaction Agreement, as set forth in Section 2.1 of the Framework Agreement, for all purposes.

  • Amendment of Partnership Agreement The General Partner may amend any provision of this Agreement without the consent of the Limited Partner and may execute, swear to, acknowledge, deliver, file and record whatever documents may be required in connection therewith.

  • Company Lock Up Agreements The Company, on behalf of itself and any successor entity, agrees that, without the prior written consent of the Placement Agent, it will not for a period of thirty (30) days after the date of this Agreement (the “Lock-Up Period”), (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any ADSs, Ordinary Shares or other capital stock of the Company or any securities convertible into or exercisable or exchangeable for ADSs, Ordinary Shares or such other shares of capital stock of the Company; (ii) file or cause to be filed any registration statement with the Commission relating to the offering of any ADSs, Ordinary Shares or other shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company; or (iii) complete any offering of debt securities of the Company, other than entering into a line of credit with a traditional bank or (iv) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of ADSs, Ordinary Shares or other capital stock of the Company, whether any such transaction described in clause (i), (ii), (iii) or (iv) above is to be settled by delivery of ADSs, Ordinary Shares or other shares of capital stock of the Company or such other securities, in cash or otherwise. The restrictions contained in this Section 3.18 shall not apply to (i) the ADSs, Ordinary Shares and the Placement Agent’s Warrant, (ii) the issuance by the Company of ADSs upon the exercise of the Placement Agent’s Warrant or a stock option or warrant or the conversion of a security outstanding on the date hereof, or issuable pursuant to currently existing undertakings of the Company, which is disclosed in the Registration Statement, Disclosure Package and Prospectus, provided that such options, warrants, and securities have not been amended since the date of this Agreement to increase the number of such securities or to decrease the exercise price, exchange price or conversion price of such securities or to extend the term of such securities, (iii) the issuance by the Company of stock options, shares of capital stock of the Company or other awards under any equity compensation plan of the Company, provided that the underlying shares shall be restricted from sale during the entire Lock-Up Period; and (iv) transactions with members of the management and/or the board of directors of the Company, involving the issuance of equity securities of the Company in consideration of cash, provided that the underlying shares shall be restricted from sale during the entire Lock-Up Period.

  • Exchange Agreement As a condition of the Holder’s receipt and acceptance of this Purchase Warrant, Xxxxxx agrees that, at any time prior to the complete exercise of this Purchase Warrant by Holder, if the Company and the Underwriter enter into an agreement (“Exchange Agreement”) pursuant to which they agree that all outstanding Purchase Warrants will be exchanged for securities or cash or a combination of both, then Holder shall agree to such exchange and become a party to the Exchange Agreement.

  • Operating Agreement The Borrower will not amend, modify, waive or terminate any provision of its operating agreement without the prior written consent of the Administrative Agent.

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