JHYT definition

JHYT means Jefferies High Yield Trading, LLC, a Delaware limited liability company that, prior to the Closing and the amendment of its certificate of formation and limited liability company agreement, is known as Jefferies Partners Opportunity Fund II, LLC.
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Examples of JHYT in a sentence

  • Neither the Company, JHYT nor any Member shall, by virtue of this Agreement, have any right, title or interest in or to the business activity permitted by this Section 4.1(c) or in or to any fees or consideration derived therefrom.

  • On the Closing Date, Jefco shall enter into the Series A Contribution Agreement, pursuant to which Jefco shall contribute to the Company or, at the direction of the Company, to JHYT for the account of the Company, the Brokerage Assets, in consideration for Series A Member Interests, all as more fully set forth in the Series A Contribution Agreement and the Operating Agreement.

  • The Business Plan shall not address the deployment of capital in the trading and securities brokerage activities of JHYT, which shall be determined by the CEO.

  • The Company will determine the Market Value of the Assets, and will cause JHYT to determine the Market Value of Assets held by JHYT (other than the Brokerage Assets) no less frequently than quarterly.

  • The Company and each Subsidiary, including JHYT, shall, and the CEO, the Board and the Members shall cause the Company and each such Subsidiary to, comply in all material respects with all Laws applicable to the Company and/or any such Subsidiary, as the case may be.

  • The parties hereto agree that, subject to the terms and conditions of this Agreement and the Related Agreements, JGI shall form the Company as a Delaware limited liability company and, upon Closing, the terms of the limited liability company agreement of the Company shall be amended and restated to be as set forth in the Operating Agreement, and further that, among other things, pursuant to the Operating Agreement, the Company will hold all of the outstanding interests in JHYT.

  • Subject to the foregoing, each such Person may, in his sole discretion, direct such other business activity away from the Company and JHYT, and expect to receive fees or other compensation from third parties with respect to such business activity, which fees and compensation will be for the benefit of its own account and not that of the Company or JHYT, except as specifically provided herein with respect to the Offset Fee Amount.

  • The Company and/or JHYT may enter into indemnity contracts with Covered Persons, or agreements (including the Related Agreements) containing indemnity provisions and may adopt written procedures pursuant to which arrangements are made for the advancement of expenses and the funding of obligations under Section 12.3 hereof and containing such other procedures regarding indemnification as may be deemed appropriate by the CEO.

  • Jefco shall have arranged for the sale or contribution of the assets of JEOF to the Company or, at the direction of the Company, to JHYT for the account of the Company.

  • Jefco shall have obtained the consent of the members of JPOF to the merger of JPOF with and into JHYT on and as of the Closing Date, or shall have otherwise arranged for the sale or contribution of the assets of JPOF to the Company, or, at the direction of the Company, to JHYT for the account of the Company.