LFCM Operating Agreement definition

LFCM Operating Agreement means the Operating Agreement of LFCM, dated as of the date hereof, which is set forth on Exhibit K, and as it may be amended from time to time after the date hereof.

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LFCM Operating Agreement means the Operating Agreement of LFCM Holdings LLC, as amended and restated as of May 10, 2005, and as amended and further amended from time to time hereafter.

LFCM Operating Agreement means the Operating Agreement of LFCM dated as of [ ].

Examples of LFCM Operating Agreement in a sentence

• Pursuant to such distribution and transfer, each recipient of an LFCM Common Interest will be admitted as an LFCM Common Member, on the terms and subject to the conditions set forth in the LFCM Operating Agreement.

• Immediately after the First Distribution, Lazard Group shall cease to be a member of LFCM and bound by the LFCM Operating Agreement and LAZ-MD shall simultaneously be admitted to LFCM as a member and bound by the LFCM Operating Agreement.

• The Ltd Exchanging Subsidiaries and the Exchangeable Holders, pursuant to the LFCM Operating Agreement, will treat such gain and Basis Adjustment as occurring entirely on the Exchange Date unless there is a Determination to the contrary.

• The Ltd Exchanging Subsidiaries and the Exchangeable Holders, pursuant to the LFCM Operating Agreement, agree that, for U.S. Federal income tax purposes, the right to receive payments under this Agreement shall be treated as additional consideration paid to the Exchangeable Holders in the Exchange (and immediately assigned by the Exchangeable Holders to LFCM).

• The Ltd Exchanging Subsidiaries and the Exchangeable Holders, pursuant to the LFCM Operating Agreement, will treat such gain and basis adjustment as occurring entirely on the Exchange Date unless there is a Determination to the contrary.

• The Ltd Exchanging Subsidiaries and the Exchangeable Holders, pursuant to the LFCM Operating Agreement, agree that, for U.S. Federal income tax purposes, this Agreement is treated as additional consideration paid to the Exchangeable Holders in the Exchange (and immediately assigned by the Exchangeable Holders to LFCM).

More Definitions of LFCM Operating Agreement

LFCM Operating Agreement means the Operating Agreement of LFCM dated as of May 10, 2005.

LFCM Operating Agreement means the Operating Agreement of LFCM Holdings LLC, as of the date hereof, as it may be amended from time