LLC Shares definition

LLC Shares means the aggregate limited liability company interests of the Company authorized to be issued pursuant to this Agreement.

LLC Shares in respect of the Borrower shall have the meaning ascribed thereto in the Borrower’s limited liability company agreement and, in respect of the Guarantor, shall have the meaning ascribed to the term “Unit” in the Guarantor’s limited liability company agreement, as amended.;

LLC Shares means shares issued pursuant to the LLC Agreement representing LLC Interests.

Examples of LLC Shares in a sentence

• The Member shall own all of the LLC Shares issued and outstanding.

• Authorized LLC Shares; Vote · The aggregate number of LLC Shares of the Company authorized to be issued pursuant to this Agreement is one hundred (100).

• Upon consummation of such Public Offering, IBGI shall purchase from IBG Holdings and IBG Holdings shall sell to IBGI that number of IBG LLC Shares equal to the aggregate number of IBG Holdings Shares specified in such Mandatory Redemption Notice at a purchase price for share equal to the Public Offering Redemption Price.

• Upon consummation of such Public Offering, IBGI shall purchase from IBG Holdings and IBG Holdings shall sell to IBGI that number of IBG LLC Shares equal to the aggregate number of IBG Holdings Shares specified in such Redemption Requests at a purchase price per share equal to the offering price per share of Common Stock in such Public Offering minus any applicable underwriting discounts or placement agency fees (the “Public Offering Redemption Price”).

• IBG LLC agrees to effect transfers of its IBG LLC Shares and to take such actions as are otherwise necessary to facilitate the transactions contemplated by this Agreement.

More Definitions of LLC Shares

LLC Shares means shares of the LLC, consisting of Series A Preferred Shares ("LLC Series A Preferred Shares"), Series B Preferred Shares ("LLC Series B Preferred Shares") and Common Shares ("LLC Common Shares").

LLC Shares shall have the meaning ascribed to that term in the preamble hereto.

LLC Shares means the units of limited liability company interests in the Seller defined as “Shares” in the First Amended and Restated Limited Liability Company Agreement of Seller dated February 1, 2018, as amended by the First Amendment to First Amended and Restated Limited Liability Company Agreement of Seller dated December 31, 2021.

LLC Shares shall have the meaning as defined in the introductory paragraphs of this Agreement.

LLC Shares means shares representing a proportionate interest in the capital and profits and losses of the LLC; (qqq) "Licenses" means all licenses, permits, construction permits, registrations, and other authorizations issued by any federal, state, or local governmental authorities for use in connection with the conduct of the business or operations of the relevant business, and all applications therefor, together with any renewals, extensions, modifications, or additions thereto between the date of this Agreement and the Closing Date; (rrr) "Liens" shall have the meaning set forth in Section 2.3; (sss) "Loss and Expenses" shall have the meaning set forth in Section 11.2(a); (ttt) "Mandatory Purchase Event" shall have the meaning set forth in Section 1.7(a)(ii); (uuu) "Mandatory Purchase Notice" shall have the meaning set forth in Section 1.7(a)(ii); (vvv) "Material Adverse Effect" shall mean any event, occurrence, fact, condition, change or effect that is materially adverse to the business, operations, results of operations, prospects, condition (financial or otherwise), properties (including intangible properties), assets (including intangible assets) or liabilities of the relevant business, taken as a whole; (www) "Material Contracts" shall have the meaning set forth in Section 2.7; (xxx) "Material Real Property" shall have the meaning set forth in Section 2.5; (yyy) "Merger Transaction" shall have the meaning set forth in Section 1.7(a)(iii); (zzz) "NASD" shall mean the National Association of Securities Dealers; (aaaa) "Owned LLC Amount" shall mean a number of LLC Shares equal to the difference between (i) the Stock Amount and (ii) 6.75 million plus the Acquired LLC Amount; (bbbb) "Owned Partnership Interest" shall mean that certain partnership interest in the Partnership owned by Investor since the inception of the Partnership; (cccc) "Parent" shall have the meaning set forth in the Preamble; (dddd) "Parent Balance Sheet" shall have the meaning set forth in Section 3.8;

LLC Shares means collectively (i) the Common Shares, (ii) the Option Shares, (iii) the Additional Shares and (iv) such additional shares of Common Stock that OPS may issue with respect to such shares pursuant to any stock splits, stock dividends, recapitalizations, restructurings, reclassifications or similar transactions.

LLC Shares means the common shares created under the Purchaser's ---------- Operating Agreement representing membership interests in the Purchaser.