Examples of JLL Member in a sentence
The JLL Member shall be the Tax Matters Member, which shall be considered the tax matters partner for purposes of the Code.
The JLL Member may remove any Director appointed by the JLL Member at any time, with or without cause.
The Director Voting Preferred Holders, by vote of a majority in voting power thereof (provided, however, that JLL, the JLL Member and their respective Affiliates shall not be entitled to vote their Preferred Interests or Common Interests on such matter), may remove any Director appointed by the Director Voting Preferred Holders at any time, with or without cause.
Newco shall only be required to take or cause to be taken the actions specified in the preceding sentence with respect to a particular JLL Repayment Notice if (i) such JLL Repayment Notice is delivered in preparation for the IPO or (ii) SBC's and its Affiliates' aggregate Percentage Interest is less than 50% at the time of such delivery and in each case only if at the time of such delivery a JLL Member is a guarantor of the applicable Japanese Leveraged Lease.
Notwithstanding any provision hereof to the contrary, from and after the date on which the JLL Member consummates a transaction subject to this Section 8.9, (a) a holder of Call Interests shall have no rights of a Member with respect to the Call Interests sold and purchased in such transaction and (b) such holder of Call Interests shall not seek, nor shall the Company have any obligation, to enforce any such right with respect to such Call Interests.
If the JLL Member shall so elect, the JLL Member shall arrange for such Drag-Along Purchaser(s) to purchase the Call Interests at the same time as and upon the same terms and conditions (including all direct or indirect consideration or compensation) at which the JLL Member sells its Interests.
JLL, the JLL Member, BlackRock, DLJMB and their respective Affiliates (including Credit Suisse) shall not have any duty to refrain from engaging, directly or indirectly, in the same or similar business activities or lines of business as the Company or the Company Subsidiaries.
The JLL Member, Peach (together with its Permitted Transferees that hold Interests), and the Preferred Holders (as a group) shall each be entitled to no more than one (1) Demand Registration in any twelve (12) month period and shall not be permitted to exercise their Demand rights pursuant to this Section 9.1 until the expiration of the 180-Day Lock-Up Period.
Upon receipt of the Purchase Notice, such holder shall cooperate with the JLL Member and otherwise take, or cause to be taken, all actions and do, or cause to be done, all things necessary or appropriate to enter into, consummate and make effective the sale and purchase of the Call Interests, together with the Common Interests of the JLL Member (including voting in favor of any merger or similar transaction requiring a vote of the Members).
In the event that an Affiliate to which Interests are Transferred pursuant to this Article VIII shall cease to be an Affiliate of the Member that Transferred the Interests to such Transferee, then the Transferee shall promptly arrange for the Transfer of the Interests held by such Transferee to a JLL Member or a WP Member, as applicable.