Examples of IBGI in a sentence
If the parties, negotiating in good faith, are unable to successfully resolve the issues raised in such notice within 30 calendar days after such notice was delivered to IBGI, IBGI and IBG Holdings shall employ the Reconciliation Procedures.
Such Amended Tax Benefit Schedule shall become final and binding on the parties unless IBG Holdings, within 30 calendar days after receiving such Amended Tax Benefit Schedule, provides IBGI with notice of a material objection to such Amended Tax Benefit Schedule made in good faith and in reasonable detail.
In the event that an Advisory Firm is replaced with another firm acceptable to the Audit Committee, such replacement Advisory Firm shall be required to perform its services under this Agreement using procedures and methodologies consistent with the previous Advisory Firm, unless otherwise required by law or IBGI, the Audit Committee and IBG Holdings agree to the use of other procedures and methodologies.
Subject to each of the two immediately preceding sentences, this Agreement will be binding upon, inure to the benefit of and be enforceable by, the parties and their respective successors and assigns including any acquirer of all or substantially all of the assets of IBGI.
Each Tax Benefit Payment shall be made by wire transfer of immediately available funds to the bank account of IBG Holdings previously designated by IBG Holdings to IBGI.
On the IPO Effective Date, IBG LLC shall transfer to IBG Holdings the 100 shares of Class B Common Stock, par value $0.01 per share, of IBGI then held by IBG LLC, which shares represent all of the authorized, issued and outstanding shares of such Class B Common Stock.
The Tax Benefit Schedule shall become final and binding on the parties unless IBG Holdings, within 30 calendar days after receiving such Tax Benefit Schedule, provides IBGI with notice of a material objection to such Tax Benefit Schedule made in good faith and in reasonable detail.
If a Determination with respect to the Change Notice results in a reduction (or increase) in the amount that should have been paid as any Tax Benefit Payment (the “Final Adjustment”), then not later than 30 days after IBGI provides IBG Holdings with a copy of the Determination, IBG Holdings shall pay or cause to be paid to IBGI 85% of the Final Adjustment in the case of a reduction, or IBGI shall pay to IBG Holdings 85% of the Final Adjustment in the case of an increase.
The Original Sale Basis Schedule shall become final and binding on the parties unless IBG Holdings, within 30 calendar days after receiving such Original Sale Basis Schedule, provides IBGI with notice of a material objection to such Original Sale Basis Schedule made in good faith and in reasonable detail.
Upon completion of the Initial Purchase, the Contribution with respect to the IBG LLC membership interests held by Xxxxxx Xxxxxxxx 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.