Examples of MD LLC Act in a sentence
The REIT Merger shall have the effects provided in this Agreement and as specified in the MGCL and the MD LLC Act.
At the Effective Time, the Merger shall have the effects set forth in this Agreement and the applicable provisions of the MGCL and the MD LLC Act.
The REIT Merger shall become effective upon such time as the REIT Merger Articles of Merger have been accepted for record by the Maryland SDAT, or such later time which the parties hereto shall have agreed upon and designated in the REIT Merger Articles of Merger in accordance with the MGCL and the MD LLC Act as the effective time of the REIT Merger (the “REIT Merger Effective Time”).
No Member shall have any right to demand or receive property (other than cash) inreturn of his/her/its Capital Contributions except as may be specifically provided by and in accordance with the MD LLC Act to the extent not inconsistent with this Agreement.
Upon the terms and subject to the conditions of this Agreement, and in accordance with the MGCL and the MD LLC Act, at the REIT Merger Effective Time, the Company shall be merged with and into REIT Merger Sub, whereupon the separate existence of the Company shall cease, and REIT Merger Sub shall continue under the name “Osmosis Sub I, LLC” as the Surviving Entity in the REIT Merger.
Except as provided under the MD LLC Act or otherwise by operation of law, the debts, obligations, and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations, and liabilities of theCompany, and neither the Members nor the Manager, shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of or acting as the Manager.
At Closing, the Company, Parent, and REIT Merger Sub shall (i) cause articles of merger with respect to the REIT Merger (the “REIT Merger Articles of Merger”) to be duly executed and filed with the Maryland SDAT as provided under the MGCL and the MD LLC Act and (ii) make any other filings, recordings or publications required to be made by the Company or REIT Merger Sub under the MGCL or the MD LLC Act in connection with the REIT Merger.
At all times during the existence of the Company, the Manager shall keep or cause to be kept true and full books and records showing all receipts and expenditures, assets and liabilities, income and losses and all other records necessary for recording the Company’s allocations and distributions provided for in Article IV and all other records required by the MD LLC Act.
The Company was formed on May 22, 2008 under and pursuant to the MD LLC Act.
The Merger shall have the effects provided in this Agreement and the applicable provisions of the MD LLC Act and the DE LLC Act.