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.
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.
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.
On the Contemplated Closing Date, Holdco will become a Shareholder (as defined in the Parent Operating Agreement) of Parent by entering into the Parent Operating Agreement.
This Agreement shall become effective as of the date hereof and shall run co-terminus with the Parent Operating Agreement.