LBIE definition
Examples of LBIE in a sentence
Manager shall consent to and approve, and shall cause its Affiliates to consent to and approve, any offer to purchase all or part of Client’s interests in the LBIE SPVs that Client deems acceptable, regardless of whether such offer was obtained by Manager or any other person.
For the avoidance of doubt, Client shall have no obligation to pay Manager or any of its Affiliates a fee (cash or otherwise), and no fee (cash or otherwise) shall be paid to Manager or any of its Affiliates by any investment vehicle in respect of Client’s direct or indirect interests in such vehicle, for any Management Fee Period ending after June 30, 2010 with respect to Client’s interests in the LBIE SPVs.
Nothing in this Article X limits or qualifies any rights that the LBI Trustee otherwise can, shall or may have at any time to intervene, enter an appearance or otherwise participate in any relevant proceeding in relation to any Barclays LBIE ETD Claim (or any other Barclays Client Money Pool Entitlement), as such rights would exist in the absence of this Article X, and the LBI Trustee hereby reserves all such rights.
For the avoidance of doubt, in the absence of any such notice by either the LBI Trustee or LBIE, this Agreement shall remain in full force and effect notwithstanding the passing of the Outside Date such that, if the Effective Time occurs after the Outside Date without such notice having been served, no such notice can thereafter be served.
The LBI Trustee may move to disallow and expunge any Claim(s) with respect to such holder’s LBIE First Category ITS Account or LBIE Second Category ITS Account, and LBIE shall provide reasonable assistance and support to the LBI Trustee with respect to such motion(s) (and, for the avoidance of doubt, shall not unreasonably Object to any motions or orders relating thereto) in order to cause such Claim(s) to be disallowed and expunged by Final Order.
References to “third parties” shall be deemed to refer to Persons other than LBIE, the LBI Trustee and the Joint Administrators.
Except in relation to any LACA III Acceptance Notice, the accidental omission by LBNL and/or LBIE and/or the Joint Administrators to send any notice, communication or document in accordance with this Clause 26, or the non-receipt of any such notice, communication or document by a Participating Creditor, shall not affect the provisions of this Agreement.
Any Claim by a Party against the Joint Administrators as agent for LBIE, or against LBIE, arising under, related to, or connected with this Agreement, shall only be satisfied out of the assets of LBIE.
If the Effective Time shall not have occurred prior to or on the Outside Date, either the LBI Trustee or LBIE shall have the right to terminate this Agreement at any time thereafter (and prior to the occurrence of the Effective Time) by written notice to the other compliant with Article XXI.
The Transferee makes the representations and warranties set out in this Clause 9 to LBIE and the Joint Administrators on the date of this agreement.