LLC Conversions definition
Examples of LLC Conversions in a sentence
If Buyer has timely made the LLC Election, the LLC Conversions of all Acquired Companies shall have been effectuated.
Prior to the Closing (as defined below), Seller will, at Buyer’s election, use its commercially reasonable efforts to effectuate the LLC Conversions (as defined below).
Seller shall request of Knight Ridder that it agree to effect, prior to the Effective Time, the LLC Conversions and will request a response from Knight Ridder within 20 days of the date hereof.
Each of the LLC Conversions shall become effective immediately after the Company Merger Effective Time, as shall be set forth in the relevant articles of conversion or certificate of conversion, as applicable, or on such other date and time as shall be agreed to by Parent and the Company and specified in such articles of conversion and certificate of conversion.
The LLC Conversions will have the effects set forth in the MGCL, the Maryland Limited Liability Company Act (the “MD LLC Act”), the DGCL and the DLLCA, as applicable.
Following the LLC Conversions, any references in this Agreement to “the Shares” shall mean 100% of the membership interest in the Company, and any reference to the stockholders of the Company or any Acquired Entity shall mean the members of the Company or the Acquired Entity, as applicable.
An employee's seniority shall entitle him only to such rights as are provided for in this Agreement.
Seller shall request of Knight Ridder that it agree to effect, prior to the Effective Time, the LLC Conversions and will request a response from Knight Ridder within ten (10) days of the date hereof.
Borrowers and the other Loan Parties desire that (i) Agent and Lenders provide their consent to the LLC Conversions and the Mergers and (ii) Agent and Lenders amend certain provisions of the Loan Agreement and the Other Agreements as herein set forth.
Seller shall provide to Buyer any legal documents it intends to file in order to effect the LLC Conversions a reasonable time before filing and shall accept any reasonable comments made by Buyer.