Common use of Future Acquisitions Clause in Contracts

Future Acquisitions. (i) In the event the Company or one of its Subsidiaries acquires an entity and the Managing Members do not revise Schedule A or Schedule B to reflect such entity, such entity shall be an “Unallocated Entity”. The Managing Members shall determine the “Funding Proportion” of each Common Member with respect to each Unallocated Entity in accordance with the principles set forth in Section 5.04(d)(ii).

Appears in 3 contracts

Samples: Operating Agreement (Lazard Group LLC), Operating Agreement (Lazard LTD), Operating Agreement (Lazard LTD)

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Future Acquisitions. (i) In the event the Company or one of its Subsidiaries acquires an entity after the date hereof and the Managing Members do not revise Schedule A or Schedule B C to reflect such entity, such entity shall be an “Unallocated Entity”. The Managing Members shall determine the “Funding Proportion” of each Common Member with respect to each Unallocated Entity in accordance with the principles set forth in Section 5.04(d)(ii5.04(e)(ii).

Appears in 2 contracts

Samples: Operating Agreement (Lazard LTD), Operating Agreement (Lazard Group LLC)

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