Owner LLC Agreement definition
Examples of Owner LLC Agreement in a sentence
Through the Closing, any Property Contracts to which Property Owner is a party shall be managed in accordance with the Property Owner LLC Agreement.
During the period of time from the Effective Date through Closing, the Property Owner shall be managed in the ordinary course consistent with past practices and in a manner in accordance with the terms of the Property Owner LLC Agreement and as contemplated by this Contract.
Subject to the Parties’ respective early termination rights under this Agreement, the term of this Agreement begins on the Effective Date and ends upon the earliest to occur of (a) the liquidation of Owner in accordance with Owner LLC Agreement, (b) the mutual written agreement of the Parties, or (c) December 31, 2099 (the “Term”).
During the period of time from the Effective Date through Closing, the Property shall be operated by the Property Owner in the ordinary course of business consistent with past practices and in accordance with the terms of the Property Owner LLC Agreement.
Each Holder’s interest, rights and obligations with respect to such REO Property as set forth in the SPE Owner LLC Agreement are herein referred to, individually or collectively as the context may require, as “REO Interest(s)”.
Each Party acknowledges and agrees that the provisions of Section 2.8 of the Owner LLC Agreement shall apply to each Party and its Affiliates and is hereby incorporated in this Agreement mutatis mutandis.
This Agreement, the instruments to be delivered hereunder and the Owner LLC Agreement constitute the entire agreement among the Parties with respect to the subject matter hereof and supersede all prior agreements and understandings, both written and oral, among the Parties with respect to the subject matter hereof.
Operator shall perform all Services within the financial limits set forth in the Operating Budget; provided, however, that, as permitted by the Owner LLC Agreement and in accordance with this Agreement, without the prior written approval of Owner, Operator shall be permitted to incur Permitted Overruns.
The Parties agree that this Agreement reflects and effectuates the agreements made by the Owner’s Members, as set forth in the Owner LLC Agreement, relating to the allocation of risk and costs in connection with the possession and/or ownership of the Plant Facilities and is not a “Construction Contract” as that term is defined in La.
MM LLC and Third Avenue LLC own an interest in Property Owner as described in the Property Owner LLC Agreement.