Examples of CFSI LLC in a sentence
Internal communica- tion regarding environmental issues is provided via intranet sites, newsletters, emails, meetings, posters, trainings, and personal interaction with EHS staff.■■ Operational control – NREL plans and manages opera- tions and activities in line with its environmental policy and objectives.
This warning may be omitted if the cause for discipline is found by management to be of such a nature that immediate or more severe action is deemed necessary.
BUSINESS OVERVIEWWe were formed as a Delaware limited partnership in April 2004 to own and operate the assets and businesses previously owned and operated by Cornerstone Family Services, Inc., (“Cornerstone”), which was converted into CFSI LLC, a limited liability company (“CFSI”), prior to our initial public offering of common units representing limited partner interests on September 20, 2004.
In connection with StoneMor’s IPO in 2004, Miller’s former employer Cornerstone contributed substantially all of its assets, liabilities and businesses to StoneMor and converted into CFSI LLC (later known as StoneMor GP Holdings LLC (“GP Holdings”)), which owned StoneMor GP.
CFSI LLC, a Delaware limited liability company (“CFSI LLC”) is the sole Class A member of the General Partner and owns 100% of the outstanding Class A membership interests in the General Partner, and Xxxxxxxx Xxxxxx, Xxxxxxx X.
Until all of its indemnification obligations under the omnibus agreement have been satisfied in full, CFSI LLC is subject to limitations on its ability to dispose of or encumber its interest in the Company’s general partner or the common units held by it (except upon a redemption of common units by the partnership upon any exercise of the underwriters’ over-allotment option) and will also be prohibited from incurring any indebtedness or other liability.
Prior to Defendant ACII’s acquisition of a controlling share of GP Holdings in 2014, GP Holdings was known as CFSI, LLC.
Tax Indemnification CFSI LLC has agreed to indemnify the Company for all federal, state and local income tax liabilities attributable to the operation of the assets contributed by CFSI LLC to the Company prior to the closing of the public offering.
CFSI LLC is also subject to certain limitations on its ability to transfer its interest in the Company’s general partner or the common units held by it if the effect of the proposed transfer would trigger an “ownership change” under the Internal Revenue Code that would limit the Company’s ability to use the Company’s federal net operating loss carryovers.
Nothing herein contained shall disqualify the Trustee or successor Trustees, or incapacitate any of them from serving Cornerstone Family Services LLC or CFSI LLC or any of their parents, subsidiaries, or other affiliates, as an officer, manager, or director, or in any other capacity, and in any such capacity receiving compensation.