Examples of Issuer Operating Agreement in a sentence
The books of the Issuer may be kept (subject to any provision contained in the applicable statutes) inside or outside the State of Delaware at such place or places as may be designated from time to time by the Issuer Operating Agreement.
The books of the Issuer, each Managing Member and each Financing Fund may be kept (subject to any provision contained in the applicable statutes) inside or outside the State of Delaware at such place or places as may be designated from time to time by the Issuer Operating Agreement, the applicable Managing Member LLC Agreement or the applicable Financing Fund LLC Agreement, as applicable.
The Master Issuer shall not declare or pay any distributions on any of its limited liability company interests; provided, however, that so long as no Early Amortization Event, Default or Event of Default has occurred and is continuing with respect to any Series of Notes Outstanding or would result therefrom, the Master Issuer may declare and pay distributions to the extent permitted under Section 18-607 of the Delaware Limited Liability Company Act and the Master Issuer Operating Agreement.
The sole business of such Issuer Party is as set forth in the Issuer Operating Agreement or Property Owner Operating Agreement, as applicable.
The duties of each Issuer will be performed on behalf of such Issuer by its Board of Managers or the related Issuer GP pursuant to the applicable Issuer Operating Agreement.