Examples of Target Operating Agreement in a sentence
The Manager shall be responsible for distributing such amounts to the Sellers in accordance with the Target Operating Agreement.
The Manager shall be responsible for distributing the Purchase Price to the Sellers in accordance with the Target Operating Agreement, and the Sellers agree that the payment of the Closing Purchase Price to Manager at Closing shall fully satisfy Buyer’s obligations to pay such amounts to Sellers at Closing.
The Manager shall be responsible for distributing the Deposit to the Sellers in accordance with the Target Operating Agreement.
The minute books and corporate records of Target have been maintained substantially in accordance with all applicable Laws and are complete and accurate in all material respects, including the Target Operating Agreement, except where such incompleteness or inaccuracy would not have a Material Adverse Effect on Target.
The Manager shall be responsible for distributing such portion of the Escrow Fund to the Sellers in accordance with the Target Operating Agreement.
At Closing, the Class C Interests will be non-economic equity interests and will not entitle the holder thereof to receive any rights or benefits of, or share in any burdens or obligations with respect to, the Properties or to any revenues or proceeds attributable thereto, as further provided in the Fourth Amended and Restated Target Operating Agreement.
Except as set forth in the Lindenbrook Assignment Agreement and the Target Operating Agreement, Target has not granted to any Person any right of first refusal, preemptive right, subscription right or similar right with respect to Lindenbrook’s Equity Interests in Target.
At Closing, the Class B Interests will be non-economic equity interests and will not entitle the holder thereof to receive any rights or benefits of, or share in any burdens or obligations with respect to, the Properties or to any revenues or proceeds attributable thereto, as further provided in the First Amended and Restated Target Operating Agreement.
There are no other agreements among Target and Parent relating to or otherwise governing the issues reflected in the Target Operating Agreement.
Except as set forth in the Target Operating Agreement, the Member has not granted to any Person any right of first refusal, preemptive right, subscription right or similar right with respect to such Member’s Target Ownership Interests.