Examples of Inland Member in a sentence
Inland Member and Xxxxx Member entered into that certain Limited Liability Company Operating Agreement of Inland Diversified/Xxxxx Xxxxxx Terrace JV, LLC ("Original Agreement") with an execution date of March 21,2010, with respect to the redevelopment of certain property located in Temple Terrace, Florida which is referred to in the Agreement as "Area A - Phase I Property ("Property") which Property is and more specifically described in the Agreement.
Effective as of the date of this Agreement, the Members of the Company shall be Inland Member and Xxxxx Member.
Upon a termination or dissolution of the Company pursuant to Article 13 hereof, all reserved but previously unpaid Promotes shall be paid to Inland Member by the Company.
The insurance policy shall name the Company, Xxxxx Member, and Inland Member as insured parties (with the option to add a lender if necessary).
Western further represents and warrants to Inland Member that transfers of direct and indirect interests in Inland Member in accordance with the terms of this Agreement shall not violate any documents evidencing or securing the Contemplated New Debt.
At the request of Inland Member, the Company shall cause Company Counsel to confer with outside counsel selected and paid by Inland Member (the “Inland Member’s Counsel”) concerning matters affecting the Company and will provide Inland Member’s Counsel with copies of such documents and agreements as Inland Member’s Counsel may reasonably request from time to time.
The Company shall initially have two Managers, and Inland Member and Xxxxx Member are hereby appointed by the Members as the initial Managers of the Company.
In the event the Xxxxx Member fails to construct and complete the Main Street Extension and/or the "Main Street Area" in Area A-Phase I Land in accordance with the requirements set forth in the Developer's Agreement or this Agreement, then the Inland Member shall have the right to complete such work and the Inland Member shall be reimbursed for its costs incurred with respect thereto ("Main Street Reimbursement").
Western represents and warrants to Inland Member that: Mezz 1 has been duly formed and is validly existing and in good standing under the laws of the State of Delaware.
In order to exercise its option hereunder, Xxxxx Member shall give notice of such exercise to Inland Member on or before the last day of the Xxxxx Exercise Period and, upon such notification, the parties shall conclude the Membership Interest Buyout within twenty (20) business days following the date of Inland Member's 37.