Examples of VMU LLC in a sentence
Solely for all applicable tax purposes, and for purposes of the maintenance of Capital Accounts and the allocation of Profits and Losses, including without limitation any special allocations, under this Article V, the Partnership is a continuation of VMU LLC and the Partnership Agreement is a continuation of the LLC Agreement.
Each of the VMU LLC Members who is not an individual further acknowledges and agrees on behalf of itself and its affiliates (other than VMU) that all agreements between VMU and such VMU LLC Member or any of its affiliates (other than VMU) shall be assigned by VMU to, and be assumed by, VMU LP and that such assignment and assumption shall be permitted under the terms of such agreements.
Each of the Company, Holdings, Sprint, Best Buy, Freedom Wireless and each of the Unitholders (collectively, the “VMU LLC Members”), Corvina, Cortaire and VMU GP1 agrees to, and approves, the LP Conversion and the VMU LPA attached hereto, acknowledges that this approval constitutes a Supermajority Approval (as such term is defined in the VMU LLC Agreement) by the Members (as such term is defined in the VMU LLC Agreement) of the LP Conversion, and agrees that VMU GP1 shall be the general partner of VMU LP.
For the avoidance of doubt, each party hereto acknowledges and agrees that until the consummation of the Initial Public Offering: (i) the parties hereto shall not receive or lose any voting, governance or similar rights in connection with the Reorganization Transactions and (ii) the rights of the parties hereto under the VMU LLC Agreement shall not be affected.