Parent Operating Agreement definition

Parent Operating Agreement means the Amended and Restated Limited Liability Company Agreement of the Parent, dated as of May 1, 2020.

Parent Operating Agreement means the First Amended and Restated Operating Agreement of Parent, dated as of March 7, 2014, as further amended from time to time after the Execution Date in accordance with this Agreement.

Parent Operating Agreement means the Amended and Restated Operating Agreement of the Parent dated as of February 5, 2014, as amended.

Examples of Parent Operating Agreement in a sentence

• The Parent Managing Member shall have executed and delivered the Second Amended and Restated Operating Agreement of Parent, in the form attached hereto as Exhibit G (the “ Amended and Restated Parent Operating Agreement ”), such Amended and Restated Parent Operating Agreement to be effective as of the Effective Time.

• Except for Distributions incident to the ----------------------- Company's Dissolution and Liquidation (which will be governed by 12.4), and except as provided in Section 3.11, Available Cash will be distributed quarterly to the Members in the following order and priority: [a] First, 100% to the Parent Member until the distribution required under 5.1[a] of the Parent Operating Agreement has been completed; and [b] Thereafter, to the Members in accordance with their Ownership Interests.

• After such assignment, the Member to which such rights have been assigned may use or transfer such rights, subject, in any event, to any restriction on the use or transfer thereof imposed by this Agreement, the Parent Operating Agreement, or the Parents Agreement.

• Agent hereby approves the Property Management Agreements without the consent of Lender, the acquisition fee payable to Shelbourne Capital pursuant to the Parent Operating Agreement, the financing fee payable to Shelbourne Capital pursuant to the Parent Operating Agreement and the investor relations fee payable to Shelbourne Investors pursuant to the Parent Operating Agreement.

• The Reorganized Mac Parent Operating Agreement and operating agreements for the other Reorganized Debtors shall be substantially in the form set forth in the Plan Supplement.

More Definitions of Parent Operating Agreement

Parent Operating Agreement the operating agreement dated as of the date hereof governing the Parent LLC.

Parent Operating Agreement means (i) the Limited Liability Company Agreement of Parent, and (ii) upon closing of the Membership Interest Sale, the Amended and Restated Limited Liability Company Agreement of Parent, as may be amended, restated or modified from time to time in accordance with this Agreement.

Parent Operating Agreement means that certain Third Amended and Restated Limited Liability Company Agreement of Parent, dated July 20, 2021, by and among Parent, Seller, and the other parties thereto, setting forth the rights, preferences, and privileges of Parent’s equity holders.

Parent Operating Agreement means the Amended and Restated Limited Liability Company Agreement of the Parent, dated as of May 1, 2020. “Participant Register” has the meaning specified therefor in Section 12.07(i). “Payment Office” means the Administrative Agent's office located at 000 Xxxxx Xxxxxxxx Xxxxxx, Suite 1800, Los Angeles, CA 90017, or at such other office or offices of the Administrative Agent as may be designated in writing from time to time by the Administrative Agent to each other Agent and to the Administrative Borrower and the Revolving Agent’s office located at 00000 Xxxxx Xxxx Drive, Suite 500, Alpharetta, GA 30009, or at such other office or offices of the Revolving Agent as may be designated in writing from time to time by the Revolving Agent to each other Agent and to the Administrative Borrower. “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. “Pension Plan” means an Employee Plan that is subject to Section 412 of the Internal Revenue Code, Section 302 of ERISA or Title IV of ERISA maintained, sponsored or contributed to, or for which there is an obligation to contribute to, by any Loan Party or any of its ERISA Affiliates at any time during the preceding six calendar years.

Parent Operating Agreement means the Amended and Restated Limited Liability Company Agreement of the Parent, dated as of May 1, 2020. “Participant Register” has the meaning specified therefor in Section 12.07(i). “Payment Office” means the Administrative Agent's office located at 000 Xxxxx Xxxxxxxx Xxxxxx, Suite 1800, Los Angeles, CA 90017, or at such other office or offices of the Administrative Agent as may be designated in writing from time to time by the Administrative Agent to each other Agent and to the Administrative Borrower and the Revolving Agent’s office located at 00000 Xxxxx Xxxx Drive, Suite 500, Alpharetta, GA 30009, or at such other office or offices of the Revolving Agent as may be designated in writing from time to time by the Revolving Agent to each other Agent and to the Administrative Borrower. “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. “Pension Plan” means an Employee Plan that is subject to Section 412 of the Internal Revenue Code, Section 302 of ERISA or Title IV of ERISA maintained, sponsored or contributed to, or for which there is an obligation to contribute to, by any Loan Party or any of its ERISA Affiliates at any time during the preceding six calendar years. “Perfection Certificate” means a certificate in form and substance satisfactory to the Administrative Agent providing information with respect to the property of each Loan Party. “Permitted Acquisition” means (i) the Rocketrip Acquisition, (ii) the Orinter Acquisition so long as the Loan Parties comply with the Orinter Acquisition Conditions, (iii) the Interep Acquisition, (iv) the Consolid Mexico Acquisition, (v) the Skypass Acquisition and (vi) any other Acquisition (including, solely with respect to the conditions set forth in clauses (b), (c), (d), (e), (i), (j), (k) and (l) below, the Kilimanjaro Acquisition) by a Loan Party or any wholly-owned Subsidiary of a Loan Party to the extent that each of the following conditions shall have been satisfied with respect to such other Acquisition: (a) no Default or Event of Default shall have occurred and be continuing or would result from the consummation of the proposed Acquisition; (b) to the extent the Acquisition will be financed in whole or in part with the proceeds of any Loan, the conditions set forth in Section 5.02 shall have been satisfied; (c) the Borrowers shall have furnished to the Administrative Agent at least 10 Business Days prior to the consummation of such Acquisition (i) an executed term sheet and...

Parent Operating Agreement means the articles of association of Parent in effect on the Closing Date.

Parent Operating Agreement means the Second Amended and Restated Limited Liability Company Agreement of ZXXX Group Parent, LLC, dated as of March 17, 2015, as amended on March 20, 2015 and as further amended on July 21, 2015.