Limited Liability Agreement definition
Examples of Limited Liability Agreement in a sentence
Subject to further amendments to this 27 Limited Liability Agreement, the Company shall not issue any class of non-voting equity securities unless and solely to the extent permitted by section 1123(a)(6) of title 11 of the United States Code.
Under certain circumstances, pursuant to the Amended and Restated Limited Liability Agreement of the Company, the Incentive Units may be forfeited by the undersigned.
This Series Limited Liability Agreement constitutes the entire agreement between the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto.
The Service Agent represents that it has notice of the provisions of the Fund's Limited Liability Agreement disclaiming Member and Manager liability for acts and obligations of the Fund.
Notwithstanding the termination of this Agreement, the Limited Liability Agreement shall continue in full force and effect in accordance with its terms.
Any Transfer (as defined in the Limited Liability Agreement) of the Limited Liability Interest or any interest therein that is permitted hereunder and under the terms of the Limited Liability Agreement, shall be subject to the terms of this Agreement and the security interest granted hereby, whether or not any written instrument of transfer expressly states that such Transfer is made subject hereto.
A copy of the Limited Liability Agreement is located at the principal office of the Company.
As a condition to the exercise of the Option, you must also become a party to the Limited Liability Agreement of the Company, or the limited liability agreement or stockholders agreement of any successor to the Company (the “LLC Agreement”), if then still in effect, which contains certain restrictions relating to the Option Units.
So long as there exists no default hereunder or under the Note, Borrower shall be entitled to exercise any and all voting rights pertaining to the Collateral for any purpose not inconsistent with the terms of this Agreement, the Note or the Limited Liability Agreement; provided, however, that all net proceeds of the Collateral shall paid to JMB to the extent required under paragraph 2 of the Note.
Without the prior written consent of the Administrative Agent and the Majority Group Agents, the Servicers will not amend, modify, waive, revoke or terminate the Seller’s Limited Liability Agreement.