Examples of LLC Group in a sentence
The Investment Manager is part of the Barings LLC Group and is a wholly owned subsidiary of Massachusetts Mutual Life Insurance Company (“MassMutual”).
The consideration deemed to be received by the Corporation or the LLC Group member, as the applicable transferor, shall be equal to the fair market value of the transferred asset plus the amount of debt to which such asset is subject, in the case of a transfer of an encumbered asset.
If GP LLC assumes the defense of any claim(s) pursuant to this Section 4.1, GP LLC shall allocate the cost of such defense between the PAGP Entities and the GP LLC Group on a fair and reasonable basis.
Under current German law and proposed tax legislation, no member of the LLC Group will be liable for German VAT.
The parties agree that, upon execution of this Agreement, questions, in particular those that may arise out of future business and organizational developments of the members of the LLC Group or that may be the result of other circumstances material to the relationship among the parties, may not be entirely anticipated in this Agreement from a factual and legal point of view and thus cannot be provided for in this Agreement.
If use of a Tool requires the consent of a third party from whom DBS has obtained the Tool, at the request of any member of the LLC Group, DBS will use its best efforts to obtain the consent at favorable conditions, and the relevant member of the LLC Group will bear any additional costs for obtaining the right to use the Tool (e.g., additional license fees to the third party).
If any of the PAGP Entities or any member of the GP LLC Group is offered a business opportunity by a third party, or discovers a business opportunity, the PAGP Entity or member of the GP LLC Group that is offered or discovers such business opportunity shall promptly advise GP LLC and present such business opportunity to PAA.
However, if LLC itself commits intentional misconduct or gross negligence, the Development Parties are liable as several and not joint guarantors under Clause 9.6. If DBS, on the one hand, or any member of the LLC Group, on the other hand, notifies the other that it has failed to properly perform an obligation, even if the failure was without fault, and the notified party fails to cure the failure within a reasonable period, the notified party will be liable as set forth above.
With respect to LLC Group personnel (including Freelancers), LLC subcontractors and DBS subcontractors working on a fixed price basis, DBS will charge [**] per hour and person (based on 8 hours per day) for the use of the Development Environment.
A member of the LLC Group is not permitted to settle any claims of third parties covered by Clause 14.1 so long as DBS fully complies with its obligations under the above provisions, unless such settlement includes a release of DBS from liability under the claim that is the basis of the proceeding.