Examples of Blackstone Member in a sentence
When the Company is dissolved, the business and property of the Company shall be wound up and liquidated or, in the event of a Dissolution Event, by such liquidating trustee as may be approved by Blackstone Member (the remaining Members or such liquidating trustee, as the case may be, being hereinafter referred to as the "Liquidator").
Non-Capital Proceeds shall be distributed at such times and intervals as determined by Blackstone Member, but in no event later than 30 days after the end of each calendar quarter.
Rights to the name "Blackstone" shall belong solely to Blackstone Member and rights to the name "Capital Senior Living" shall belong solely to CSL Member.
The execution by any Blackstone Member of any of the foregoing certificates and (and any amendments and/or restatements thereof) shall be sufficient.
In addition, Blackstone Member may cause the Company to make or refrain from making any and all other elections permitted by the tax laws of the United States, the several states and other relevant jurisdictions.
If the consent of either the Glimcher Member or the Blackstone Member is required under Sections 4.1(b)(5) – (9) or Section 4.1(b)(11) and the other Member requests such consent in writing, the Glimcher Member or the Blackstone Member, as the case may be, shall be deemed to have given its consent to such request if it does not affirmatively respond in writing within ten (10) Business Days of receipt of such request.
The Blackstone Member shall reasonably cooperate with the Glimcher Member in complying with the provisions of Section 514(c)(9) of the Code including providing all reasonable information required for such compliance.
Blackstone Member has the power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby.
Notwithstanding the foregoing, the Blackstone Member shall be entitled to pledge its Interest and to allow the pledge of the direct or indirect ownership of the Blackstone Member to any bank or other financial institution without the consent of any Member if such pledge is in connection with a loan or line of credit that is secured by material assets in addition to its Interest.
At any time within the 45 day period (the “Asset ROFO Response Period”) commencing on the day the Blackstone Member sends the Asset ROFO Notice to the Glimcher Member, the Glimcher Member shall have the right to deliver written notice to the Blackstone Member either (A) electing to purchase the Offered Assets for the Asset ROFO Purchase Price (an “Asset ROFO Election Notice”), or (B) rejecting the offer contained in the Asset ROFO Notice (an “Asset ROFO Rejection Notice”).