Examples of Current LLC Agreement in a sentence
Current LLC Agreement, Sections 5.1 and5.7 and Current Constitution, Sections 3.1 and 4.1.
All capitalized terms used herein but not defined shall have the same meaning as in the Current LLC Agreement.
Pursuant to Section 7.1 of the Current LLC Agreement, ISE Holdings may only assign all (but not less than all) of its ownership interest, and any assignment of ISE Holdings’ interest in MRX would similarly be subject to approval by the Commission pursuant to the rule filing procedures under Section 19 of the Act.25 See Nasdaq Acquisition Order, supra note 4, at 41612–17 (discussing provisions, including voting and ownership limitations, in the governing documents of Nasdaq, Inc.
Pursuant to the Current LLC Agreement, ISE Holdings is defined as the Sole LLC Member.21 As the Sole LLC Member, ISE Holdings may assign all (but not less than all) of its interest in the Exchange, subject to prior approval by the Commission pursuant to the rule filing procedures under23 See New LLC Agreement, Schedule A; and New By-Laws, Article I(f).24 See New LLC Agreement, Section 20.
Current LLC Agreement, Article VI and Current Constitution, Article XII.
See Rule 307(a); Current LLC Agreement, Section 6.4; and Current Constitution, Sections 12.1(c), 12.2(c), and 12.3(b).
The Exchange also states that it is retaining in the New LLC Agreement certain provisions from its Current LLC Agreement that are not in the governing documents of the Nasdaq Exchanges, such as those relating to where the Exchange’s books and records must be maintained and who may access the books and records, in particular those books and records that contain confidential information pertaining to the self-regulatory function of the Exchange.
Section 8 is based on Section 8 of the NSM LLC Agreement, and is similar to the provisions in the Current LLC Agreement and the Current Bylaws.11Section 9 of the LLC Agreement, titled‘‘Management,’’ sets forth the proposed management structure of the Exchange.
Section 7 mirrors the Section 7 of the NSM LLC Agreement, and is similar to the language in Section1.3 of the Current LLC Agreement of theExchange.Section 8 of the LLC Agreement, titled ‘‘Powers,’’ discusses the general powers of the Exchange, the Board and the officers of the Exchange.
The Current LLC Agreement was filed as part of the Proposed Rule Change as Exhibit 5A.