Publicly Traded Partnership. No transfer shall be allowed if in the determination of the Board of Managers such transfer could reasonably be expected to cause the LLC to be a “publicly traded partnership” within the meaning of Section 7704 of the Code.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Hughes Communications, Inc.), Limited Liability Company Agreement (HNS-India VSAT, Inc.)
Publicly Traded Partnership. No transfer shall be allowed if in the sole determination of the Board of Managers Managing Member such transfer could reasonably be expected to cause the LLC to be a “publicly traded partnership” within the meaning of Section 7704 of the Code.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Directv Group Inc)
Publicly Traded Partnership. No transfer shall be allowed if in the sole determination of the Board of Managers Managing Member such transfer could reasonably be expected to cause the LLC to be a “"publicly traded partnership” " within the meaning of Section 7704 of the Code.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Skyterra Communications Inc)
