LLC Assets definition

LLC Assets. All assets and property, whether tangible or intangible and whether real, personal, or mixed, at any time owned by or held for the benefit of the LLC.

LLC Assets means all of the assets and property, whether tangible or intangible, owned by, or held for the benefit of, the Company.

Examples of LLC Assets in a sentence

The obligations of the Borrower under this Agreement and all other Operative Documents are full recourse obligations of the Borrower and shall be payable to the extent of the LLC Assets.
Amend or modify any of the Operative Documents to which it is a party or any other agreement or instrument pursuant to which any of the LLC Assets have been purchased or created, it being understood that the Lender’s execution of any amendment of the LLC Agreement in its capacity as member of the Borrower shall be deemed to be the prior written consent of the Lender to such amendment.
The Company (acting through the Compensation Committee of the Board of Directors) shall reevaluate Executive’s Base Salary in the event the Company has purchased some or all of the assets that are held by Trio Petroleum LLC ( the “LLC Assets”), or if all or a substantial portion of the LLC Assets are disposed or sold to a third party unaffiliated with the Company.
The LLC shall be dissolved upon the sale or disposition of all or substantially all the LLC Assets (which sale or disposition shall require the unanimous consent of the Members) (a "Sale of Assets").
The Tax Matters Member shall cause the LLC to file an election under Section 754 of the Code to provide for an adjustment to the Adjusted Basis of LLC Assets if requested to by a Member in connection with the disposition of an LLC interest by that Member.

LLC Assets or “Assets” means any and all assets of the LLC including Mortgage Loans, real property, contracts or notes receivable, cash, or any other asset or receivable of the LLC.

LLC Assets means, respectively, all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership and limited liability company capital and interests in other partnerships and limited liability companies), at any time owned by any Pledged Partnership or Pledged LLC or represented by any Partnership Interest or Membership Interest.

LLC Assets means all assets of a limited liability company, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all limited liability company capital and interest in other limited liability companies), at any time owned by any Grantor or represented by any LLC Interest.

LLC Assets means the assets and properties owned by the Company.

LLC Assets means all of the assets of LLC as described in Section 2.2.

LLC Assets means the Trelegy Royalty, all Intellectual Property of the Company, the Company Cash and all other assets and properties owned, controlled, used, enjoyed or employed in the business conducted by the Company as of the date hereof.

LLC Assets. All assets and property, whether tangible or intangible and whether real, personal or mixed, at any time owned by or held for the benefit of the LLC but not including the assets and the property held by any Lower Tier Entity.