Current Operating Agreement definition

Current Operating Agreement is defined in Section 4.2(d).
Sample 1Sample 2
Current Operating Agreement has the meaning set forth in the recitals.
Sample 1
Current Operating Agreement shall have the meaning set forth in Section 1.5 hereof.
Sample 1

Examples of Current Operating Agreement in a sentence

  • The Sellers hereby acknowledge and agree that, from and after consummation of the Second-Stage Sale on the Closing Date, Phoenix and the Company shall be under no obligation to reissue the Installment Sale Units (or any other membership or other ownership interests in the Company) pursuant to Section 9.10 of the Current Operating Agreement or otherwise.

  • Any notice required or permitted to be given hereunder or for purposes of changing the Account for the transmission of funds payable hereunder shall be given in accordance with the notice provisions set forth in Section 14.02 of the Current Operating Agreement which provisions are incorporated into this Agreement by this reference.

  • The Installment Sale Unit Purchase shall be deemed to occur pursuant to Section 8.01(a) of the Current Operating Agreement, and as of the time immediately following the Installment Sale Unit Purchase, the Sellers shall be deemed automatically to have voluntarily withdrawn as Members of the Company pursuant to Section 9.01 of the Current Operating Agreement (and the Company and Phoenix each hereby consent to such withdrawal).

  • The Sellers shall remain entitled to receive all Company distributions made in respect of the Installment Sale Units to the extent constituting income of the Company for the period ending on (and including) the Closing Date, as provided in the Current Operating Agreement.

  • Initially capitalized terms not otherwise defined herein shall have the meaning given to such terms in the Current Operating Agreement.

  • The disclosure of confidential or proprietary information by the parties shall be governed by the terms and conditions of the terms of the Current Operating Agreement, and on and after the Closing, the terms and conditions of the Revised Operating Agreement.

  • In accepting this Assignment, both Assignees, as the sole Members of Brookridge subsequent to the Assignment, agree to amend the Current Operating Agreement or enter into a new operating agreement to supersede the Current Operating Agreement, which such agreement shall be acknowledged by Assignor.

  • The conduct of the Business complies in all material respects with (a) all statutes, laws, regulations, ordinances, rules, licenses, judgments, orders or decrees applicable thereto, including compliance with any government contractor affirmative action plan, if applicable, and (b) the Current Operating Agreement and Articles of Organization of the Company.

  • As noted above, the Current Operating Agreement provides that the BOD “shall appoint a CEO and such other officers and managers as the Board may determine.

  • The Interests are valid membership interests entitled to the rights, powers and privileges set forth in the Current Operating Agreement.


More Definitions of Current Operating Agreement

Current Operating Agreement means that certain Second Amended and Restated Limited Liability Company Agreement for the Company, dated as of October 31, 2009, by and between the Company and the Seller.
Sample 1
Current Operating Agreement means that certain Second Amended and Restated Limited Liability Company Agreement of the Company, dated as of December 30, 2011, by and among the Company, Leucadia, USPB, NBPCo, New Kleinco and, solely for the purposes of Section 14.1.2 thereof, National Beef Pennsylvania, LLC.
Sample 1
Current Operating Agreement means the Amended and Restated Operating Agreement of CCR dated September 22, 2006.
Sample 1
Current Operating Agreement has the meaning given such term in the Recitals.
Sample 1
Current Operating Agreement means the Second Amended and Restated Operating Agreement of CCR, dated as of April 24, 2009, by and among the members of CCR.
Sample 1

Related to Current Operating Agreement

  • Joint Operating Agreement (JOA) means the operating and participating agreement between the Parties constituting the Contractor that governs their operational activities, obligations and responsibilities under this Contract,

  • PJM Operating Agreement means the Amended and Restated Operating Agreement of PJM on file with the Commission.

  • Co-operation Agreement means an agreement relating to compensation arrangements in the form of the relevant template Co-operation Agreement being:

  • Company Operating Agreement means that certain Amended and Restated Limited Liability Company Agreement of the Company, effective as of April 18, 2016, as amended or restated as of the date hereof.

  • Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III.

  • Common Billing Agreement means an agreement between the Appointee and any other person under which that person has undertaken to pay, on terms agreed between them, charges for water supply or sewerage services, or both, in respect of two or more Houses which have a common Supply Pipe and which, in any case where that agreement relates to one of those services only, are also subject to a similar agreement for common billing between that person and the undertaker providing the other service;

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Enterprise Agreement means an agreement certified under the Workplace Relations Act 1996 (Cth) or approved under the Industrial Relations Act 1996 (NSW).

  • independent operator means undertakings other than authorised dealers and repairers which are directly or indirectly involved in the repair and maintenance of vehicles, in particular repairers, manufacturers or distributors of repair equipment, tools or spare parts, publishers of technical information, automobile clubs, roadside assistance operators, operators offering inspection and testing services, operators offering training for installers, manufacturers and repairers of equipment for alternative fuel vehicles;

  • Consortium Agreement means this consortium agreement as well as the pre-amble and all annexes hereto;

  • joint operation means 2 or more joint holders must authorise any withdrawal, payment or transfer from the account (including a direct debit)

  • Construction Agreement means the proposed building agreement between the Company and a proposed builder substantially in the form of the draft agreement a copy of which has been signed on behalf of the Authority and the Company for the purposes of identification;

  • Marketing Agreement means an agreement entered into, with the director, by producers, distributors, processors, or handlers pursuant to this act and binding only on those signing the agreement.

  • Alliance Agreement has the meaning given to such term in paragraph 11.2 of Schedule 13 (Information and Industry Initiatives);

  • Expense Agreement means the Agreement as to Expenses and Liabilities between the Depositor and the Trust, substantially in the form attached as Exhibit D, as amended from time to time.

  • Operating Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Reasonable and Prudent Operator means a person seeking in good faith to perform its contractual obligations and, in the process of doing so and in the overall conduct of its whole undertaking exercising that degree of diligence, skill, prudence and foresight which can reasonably and ordinarily be expected from a skilled and experienced operator engaged in the same type of undertaking under the same or similar circumstances complying with all applicable Laws, and any reference to the standard of a Reasonable and Prudent Operator means such degree of diligence, skill, prudence and foresight as aforesaid.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Mediation agreement means a written agreement between the parties to a mediation meeting.

  • Joint Operations means all operations necessary or proper for the development, operation, protection and maintenance of the Joint Property.

  • Redevelopment Agreement means an agreement between the

  • Construction Agreements means agreements to which Tenant is a party for Construction Work, rehabilitation, alteration, repair, replacement or demolition performed pursuant to this Lease.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.