Examples of RMR LLC in a sentence
The Directors shall be entitled to receive remuneration for services rendered to the Corporation in any other capacity, and such services may include, without limitation, services as an officer or employee of the Corporation, services as an employee of RMR LLC or its successor, legal, accounting or other professional services, or services as a broker, transfer agent or underwriter, whether performed by a Director or any person affiliated with a Director.
This ARTICLE XVI is intended to benefit and be enforceable by the stockholders, Directors, officers, managers (including RMR LLC), agents or employees of the Corporation and the Corporation and shall be binding on the stockholders and the Corporation, as applicable, and be in addition to, and not in substitution for, any other rights to indemnification or contribution that such individuals or entities may have by contract or otherwise.
TRA is owned by The RMR Group LLC, or RMR LLC, the majority owned operating subsidiary of The RMR Group Inc., or RMR Inc., a holding company listed on The Nasdaq Stock Market LLC, or Nasdaq, under the symbol “RMR”.
This determination is based on the fact that both GOV and SIR have no employees and the personnel and various services required to operate their businesses are provided pursuant to business and property management agreements with The RMR Group LLC, or RMR LLC.
As a result, GOV will acquire a substantive process, for accounting purposes, because the business management and property management agreements with RMR LLC would be in place before and after the Transactions are completed.The assets acquired and liabilities assumed will be recorded as of the closing of the Merger at their respective fair value and added to those of GOV.
Upon completion of the Transactions, GOV’s business and property management agreements with RMR LLC will remain in effect.
In addition, RMR LLC shall make available to its officers and employees providing the Services any applicable procedures for complaints regarding accounting, internal accounting controls or auditing matters relating to Sonesta and for confidential anonymous submission by such officers and employees of concerns regarding questionable accounting or auditing matters relating to Sonesta.
RMR LLC covenants that it will perform or cause to be performed the Services in a timely, efficient and workmanlike manner.
RMR LLC may retain third parties or its affiliates to provide certain of the Services hereunder.
RMR LLC and Sonesta are equal employment opportunity employers and comply with all applicable state and federal laws to provide a work environment free from discrimination and without regard to race, color, sex, sexual orientation, national origin, ancestry, religion, creed, physical or mental disability, age, marital status, veteran’s status or any other basis protected by applicable laws.