Examples of Property Owner LLC Agreement in a sentence
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.
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.
Through the Closing, any Property Contracts to which Property Owner is a party shall be managed in accordance with the Property Owner LLC Agreement.
There are no "Reckson Member Loans" (as such term is defined in the Property Owner LLC Agreement) currently outstanding.
The Company has acquired the Pinnacle 1 Property through Pinnacle 1 Property Owner on the date hereof pursuant to the terms of the RREEF Buyout Documents, the Escrow Instructions, the Pinnacle 1 Property Owner LLC Agreement and the terms and conditions of this Agreement.
A true, correct and complete copy of the Property Owner LLC Agreement has been delivered to Investor.
To accomplish the foregoing, Administrative Member shall cause the Property Owner to make distributions in accordance with Section 12 of the Property Owner LLC Agreement on the same monthly basis as set forth in the preceding sentence.
The Members agree to make such reasonable changes to this Agreement as may be reasonably requested by the Pinnacle 2 Lender (including, without limitation, single purpose entity requirements and/or independent director requirements substantially similar to the terms of the Pinnacle 1 Property Owner LLC Agreement); provided that such changes shall not alter the economic terms, or any fundamental rights of the Members, set forth herein.
Property Owner LLC Agreement: That certain Amended and Restated Operating Agreement of Metropolitan 919 3rd Avenue LLC dated as of July 18, 2001, as amended by that certain First Amendment to Amended and Restated Operating Agreement of Property Owner, dated as of the date hereof by and between MM LLC, Third Avenue LLC, the LLC and 919 Member LLC, as the same may be amended, modified and restated from time to time in accordance with this Agreement.
MM LLC and Third Avenue LLC own an interest in Property Owner as described in the Property Owner LLC Agreement.