Examples of Holdings LLC Agreement in a sentence
The School Board recently approved the Xxxxxxx Creek Holdings LLC Agreement: May 2020 Expected Outcomes It is expected the School Board will approve the PSM agreement and forward it to the BCC for their approval.
Subject to the approval of a majority of the “Disinterested Directors” (as such term is defined in the Third Amended Holdings LLC Agreement) of the Majority Member (the “Holdings Disinterested Directors”), the Majority Member, at the direction, in writing, of the Nominating Committee, shall have sole responsibility for the nomination, renewal of a term, removal or replacement of any Disinterested Director.
Notwithstanding the foregoing, the parties hereto agree that to the extent that PAG is the Managing Member (as defined in the Holdings LLC Agreement) at the time that GECC exercises its remedies with respect to any Holdings Member Interests in the Collateral, then the transferee of such Holdings Member Interests shall become the Managing Member only to the extent permitted and as provided in the Holdings LLC Agreement.
Jefferson Holdings shall comply (and shall cause its members and managers to comply) with the provisions of the Jefferson Holdings LLC Agreement specified in Section 6.01 above.
To the extent a Member validly transfers any or all of such Member’s Units to another person in a transaction in accordance with, and not in contravention of, the Holdings LLC Agreement, then such transferee (each, a “Permitted Transferee”) shall have the right to execute and deliver a joinder to this Agreement, substantially in the form of Exhibit C hereto, whereupon such Permitted Transferee shall become a Member hereunder.