Examples of Liberty Sub in a sentence
IAC, Liberty USA Holdings, LLC, a Delaware limited liability company, and Liberty have entered into that certain Affiliate and Assignment Agreement, dated as of August 20, 2008, pursuant to which Liberty Sub assumed all of the rights, benefits, liabilities and obligations of each Liberty Party (as defined in the Settlement Agreement) signatory to the Spinco Agreement under the Settlement Agreement other than Liberty.
Upon execution and delivery of this Agreement IDT Investments and Liberty Sub shall be admitted to the Company as Members and IDT Sub and AT&T Sub shall continue as Members.
Subject to the immediately succeeding sentence, IDT Investments, Liberty Sub or the Company, as the case may be, shall pay to AT&T Sub the Class A Fair Market Value as provided in this Section 11.1 within thirty (30) days of the date such Member or Members or the Company elected to acquire the Class A Membership Interests held by AT&T Sub.
Such transaction shall, at the option of IDT Investments or Liberty Sub, as the case may be, be structured in the most tax efficient manner as determined by IDT Investments or Liberty Sub, as the case may be; provided, that such structuring shall not change the payment terms described above.
AT&T, AT&T Sub, IDT Corporation, IDT Sub, IDT Investments, LMC and Liberty Sub desire to amend Section 2.2 of the Second Amended and Restated Limited Liability Company Agreement by changing the name of the Company to "NTOP Holdings, L.L.C.", and file a Certificate of Amendment to the Certificate of Formation of the Company to reflect such name change.
AT&T Sub wishes to transfer certain of its Class A Membership Interests and Class B Membership Interests in exchange for cash and stock of Liberty Sub and IDT Investments in accordance with the Exchange Agreements (as defined herein).
All expenses incurred by the Managers in connection with travel to and from meetings of the Board of Managers shall be borne by the Class A-1 Member, other than the expenses of the LMC Manager, which shall be borne by Liberty Sub.
For so long as Liberty Sub owns a majority of the Membership Interests owned by it on the date hereof, the Class A-1 Member or Members agree to cause one nominee selected by Liberty Sub to be appointed as a Manager of the Company (the "LMC Manager").
This Agreement and each of the Ancillary Instruments to which Liberty or Liberty Sub is a party has been duly executed and delivered by Liberty or Liberty Sub, as the case may be.
Liberty and Liberty Sub shall have delivered to Holdings the documents specified in Section 2.3(a) hereof.