Alerian definition
Examples of Alerian in a sentence
So long as either Alerian or Swank has a right to designate a Director pursuant to this Section 2, the GP shall maintain director and officer insurance reasonably satisfactory to Alerian and Swank, as the case may be.
Any Member Interests sold hereunder by any QRC Transferor to Swank and/or Alerian shall be transferred free and clear of all liens and encumbrances (other than encumbrances set forth in the Limited Liability Company Agreement or under applicable securities laws).
For the period hereafter indicated, Alerian and Swank will each have a separate and independent right to designate one (1) natural person to serve as a member of the Board of Directors of GP.
If both Swank and Alerian elect to exercise their Investor Right of First Refusal, each will purchase one-half of the Member Interests that the QRC Transferors propose to sell.
Upon exercise by either or both of Swank and Alerian of their Investor Right of First Refusal, the purchase price to be paid to such QRC Transferors will be an amount equal to the amount such QRC Transferors would have received had such QRC Transferors completed the sale of such Member Interests to the third-party.
During the period prior to completion of an IPO that Alerian or Swank has the right to designate a person to serve on the Board of Directors of GP, such designating person shall have the right to maintain its proportionate Board representation in the event of an expansion of the number of members of the Board of Directors; provided, however, that such right to maintain the proportionate Board representation will terminate upon completion by the Company of an IPO.
At the closing of such purchase, Swank and/or Alerian shall deliver the purchase price by wire transfer of immediately available funds to an account to be designated by such QRC Transferors, and such QRC Transferors shall execute and deliver such assignments, bills of sale, and other documents consistent with the third-party offer, as reasonably requested by and in form and substance satisfactory to, such Investors.
Upon Closing, QRC will own 850 Member Interests representing an 85% ownership interest in GP, Alerian will own 75 Member Interests representing a 7.5% ownership interest in GP and Swank will own 75 Member Interests representing a 7.5% ownership interest in GP.
Alerian shall not be responsible for the transmission to Client or its Authorized Users of the Proprietary Index Values beyond the point of Alerian's or its service facilitator's computer facility.
The Procure Disaster Recovery ETF (FEMA) is not sponsored, endorsed, sold or promoted by Alerian and Alerian makes no representation regarding the advisability of investing in the Procure Disaster Recovery ETF (FEMA)." or such similar language as may be approved in advance in writing by Alerian (which may be in the form of an email).