AKD definition
Examples of AKD in a sentence
Each year the AKD Board will approve the annual AKD operating and capital budget including the types of equipment to be purchased and implemented into the AKD network.
GCI agrees to use all commercially reasonable efforts to support and assist AKD and Denali in such efforts.
Following such modifications, AKD will have only one class of membership interests having an allocated value of $20MM, represented by 1999 units then issued to Parent AKD and one (1) unit issued to Nominal Interest Holders.
The parties agree to cooperate in good faith in negotiating and finalizing the purchase and sale agreements, the AKD Operating Agreement, and all related documents, which shall contain such representations, warranties, covenants, conditions and indemnifications as are customary for transactions of this size and nature, and which shall survive the Closing of the Transactions.
GCI will contribute to AKD all of the Denali membership interests acquired pursuant to Section 2 in exchange for 600 AKD Units.
Parent AKD will have the right to designate up to seven persons to serve on the AKD Board.
At the Closing, GCI will, at the request of AKD, purchase up to an additional 2,000 AKD Units from AKD at a price equal to $1MM in readily available funds for each 100 AKD Units so acquired.
GCI will use all reasonable efforts to assist AKD in obtaining any such approval from Co-Bank.
The GCI Member shall at all times have the sole right to appoint and remove one Manager and the AKD Holdings Member shall have the sole right to appoint and remove the remaining members of the Board of Managers.
Any indirect transfer by virtue of a change in control of AKD member will not constitute a transfer of the underlying AKD Units.