Examples of Holdings Operating Agreement in a sentence
The Holdings Operating Agreement may be amended by the vote of two-thirds of the Holdings Members entitled to vote.
Holdings will be required to hold an annual meeting of the Holdings Members to take such actions as may be required by the Holdings Operating Agreement or by law.
The IBG Holdings Shares, which shall be issued by IBG Holdings on the IPO Effective Date pursuant to Section 3.1 hereof, are subject to certain restrictions and other terms and conditions as set forth in the IBG Holdings Operating Agreement.
Holdings may purchase and maintain insurance coverage to the extent and in such amounts as the Manager shall, in its discretion, deem reasonable, on behalf of the Indemnitees against any liability that may be asserted against or expense that may be incurred by any Indemnitees in connection with activities of Holdings or such Indemnitees with respect to which Holdings would have the power to indemnify such Indemnitee against such liability under the provisions of the Holdings Operating Agreement.
Except as required by the Act or as set forth in the Holdings Operating Agreement, no Holdings Member, solely by reason of being a Holdings Member, shall be liable for the debts, obligations or liabilities of Holdings.