Examples of GP LLCA in a sentence
For the avoidance of doubt, each Sponsor Director shall constitute an “Indemnified Person” as such term is defined in the Parent LPA and shall be entitled to the rights of indemnification provided in Article V of the Parent GP LLCA.
The Parent Parties shall take all Necessary Action such that no Sponsor Director is removed from the Board except as permitted or required by this Agreement or as required by the Parent LPA or the Parent GP LLCA.
Subject to the provisions of the Certificate of Incorporation, and to limitations and requirements set forth in the GP LLCA, the Board of Directors may make, alter, amend, add to or repeal any and all of these Bylaws.
The provisions of these Bylaws shall be subject to the Corporation’s obligations under the GP LLCA and the Corporation shall not take any action inconsistent with such obligations.
Subject to any Preferred Designation, and to the limitations and requirements set forth in the GP LLCA with respect to the parties thereto, any director may be removed at any time by the affirmative vote of the holders of at least a majority of the voting power of the Corporation’s outstanding shares of stock entitled to vote generally in the election of directors, voting together as a single class, with or without cause.
Subject to any Preferred Designation, and to the limitations and requirements set forth in the GP LLCA, the total number of directors constituting the Board of Directors shall be at least one, or such larger number as may be determined from time to time exclusively by resolution adopted by the Board of Directors.
The provisions of these Bylaws shall be subject to the Corporation’s obligations under the GP LLCA and the Corporation shall not take any actioninconsistent with such obligations.
For the avoidance of doubt, each FR Director shall constitute an “Indemnified Person” as such term is defined in the Parent LPA and shall be entitled to the rights of indemnification provided in Article V of the Parent GP LLCA.