Limited Liability Company Agreement definition
Examples of Limited Liability Company Agreement in a sentence
Gray Media directly owns one hundred percent (100%) of the issued and outstanding Capital Stock and all other equity interests of the Seller, free and clear of any Adverse Claim (other than any Adverse Claim in favor of the Gray Credit Agreement Agent but only so long as the Gray Credit Agreement Agent is not foreclosing on such Capital Stock or otherwise amending or challenging the enforceability of the Limited Liability Company Agreement or any provision thereof).
Without the prior written consent of the Administrative Agent and the Majority Purchasers, the Seller will not (and will not permit any Originator or the Master Servicer to) amend, modify, waive, revoke or terminate any Transaction Document to which it is a party or any provision of the Seller’s organizational documents which requires the consent of the “Independent Director” (as such term is used in the Seller’s Limited Liability Company Agreement).
The Seller’s Limited Liability Company Agreement shall provide that: (A) the Seller’s board of managers shall not approve, or take any other action to cause the filing of, a voluntary bankruptcy petition with respect to the Seller unless the Independent Manager shall approve the taking of such action in writing before the taking of such action and (B) such provision and each other provision requiring an Independent Manager cannot be amended without the prior written consent of the Independent Manager.
Immediately prior to the Merger, the Shareholder will enter into the Seventh Amended and Restated Limited Liability Company Agreement of ScanTech Identification Beam Systems, LLC, the form of which is attached hereto as Exhibit A (the “LLC Agreement”).
Concurrent with the execution hereof, Teachers Mayflower, LLC, Mayflower Member LLC, New York State Teachers’ Retirement System and SPG Mayflower, LLC entered into that certain Limited Liability Company Agreement of Mayflower Realty LLC (the “Mayflower Agreement”).