Examples of AB LLC in a sentence
XXXX XXXXXX ROAD, LLC HC-187 SKYLAR DRIVE, LLC XX-000 XXXXXXXX XXXXX XXXXX, UNITS A&B, LLC HC-6310 HEALTH PKWY., UNITS 100 & 200, LLC, each a Delaware limited liability company By: HCP-RTS, LLC, a Delaware limited liability company, their sole member By: Xxxxxx/Validus Operating Partnership, LP, a Delaware limited partnership, its sole member By: Xxxxxx Validus Mission Critical REIT, Inc., a Maryland corporation, its general partner By: /s/ Xxxx X.
Xxxx Title: Executive Vice President and Chief Financial Officer (Signatures continued on next page) FP HANOVER AB, LLC By: FPR Holdings Limited Partnership Its Sole Member By: FPR General Partner, LLC Its General Partner By: First Potomac Realty Investment Limited Partnership Its Sole Member By: First Potomac Realty Trust Its General Partner By: /s/ Xxxxx X.
The AB partnership transfers the vacant land to AB LLC in exchange for a 100% LLC interest.
The AB partnership drops the building into the new subsidiary AB LLC.
Because the transaction is recast for income tax purposes, the AB LLC is the “divided partnership” because it has more net assets.
The AB partnership is a “prior partnership.” Both the partnership and the LLC are “resulting partnerships.” Unless the transaction is reordered to involve the admission of C before the division of the AB partnership, both the AB partnership after the division and the AB LLC are continuations of the prior partnership.
Odlander, Fredrikson & Co AB, L.L.C. (“OFCO AB”) is a member of OFCO Sidefund and, acting on behalf of the members of OFCO Sidefund, has voting and investment control over the shares held by OFCO Sidefund.
The AB LLC is treated as the original owner of the building and the raw land.
The AB partnership is a “prior partnership.” Both the AB partnership and the AB LLC are “resulting partnerships” and are both continuations of the prior partnership.
The result is that A and B are each owner’s of the AB partnership, owning built vacant ground and the AB LLC, owning the building.