Definition of IBG LLC Operating Agreement


IBG LLC Operating Agreement means the Amended and Restated Operating Agreement of IBG LLC, dated as of May 3, 2007, entered into by and between IBG Holdings LLC and Interactive Brokers Group, Inc., as same may be amended from time to time.
Sample 1

Examples of IBG LLC Operating Agreement in a sentence

Upon completion of the Initial Purchase, the Contribution with respect to the IBG LLC membership interests held by Thomas Peterffy individually shall be consummated, IBG LLC shall admit IBGI as its sole managing member pursuant to the IBG LLC Operating Agreement, and the books and records of IBG LLC shall be updated to reflect the Initial Purchase.
Upon the completion of the Contribution, IBG LLC shall admit IBG Holdings as a member pursuant to the IBG LLC Operating Agreement, and the books and records of IBG LLC shall be updated to reflect the Contribution.
IBG LLC Operating Agreement means the Amended and Restated Operating Agreement of IBG LLC, dated as of May 3, 2007, entered into by and between IBG Holdings LLC and Interactive Brokers Group, Inc., as same may be amended from time to time.
IBG LLC Member severally represents and warrants to each of IBG LLC, IBG Holdings and IBGI, as of the date hereof, that such IBG LLC Member has good, valid and marketable title to the IBG LLC membership interests to be contributed to IBG Holdings pursuant to Section 3.1 hereof, free and clear of any pledge, lien, security interest, charge, claim, equity or encumbrance of any kind, other than pursuant to this Agreement, the IBG LLC Operating Agreement or the IBG Holdings Operating Agreement.
IBG LLC Shares has the meaning assigned to the term Shares in the IBG LLC Operating Agreement.