Oasis LLC definition
Examples of Oasis LLC in a sentence
Oasis LLC formed Oasis Holdings as a limited liability company under the Delaware Limited Liability Company Act, as amended (the “Act”) and owns all of the equity interests in Oasis Holdings.
Effective immediately following the Effective Time, Encap hereby contributes to Oasis Holdings, as a capital contribution, membership interests in Oasis LLC representing a 0.01% interest in Oasis LLC, in exchange for a 90% membership interest in Oasis Holdings.
The preparation and filing of any Tax Return of any Oasis LLC that does not relate to a Pre-Closing Tax Period shall be exclusively within the control of Buyer.
Oasis LLC, as the entity surviving the Merger (the “Surviving Entity”), shall continue its existence as a limited liability company under the laws of the State of Delaware and operate under a new amended and restated limited liability company agreement to be effective as of the Effective Time, the form of which is attached hereto as Annex B.
Effective immediately following the Effective Time, Oasis LLC hereby contributes to Oasis Holdings, as a capital contribution, cash in an amount of $7,222, in exchange for a 10% membership interest in Oasis Holdings.
Effective immediately following the consummation of the transaction described in Section 2.4, Oasis shall enter into an Amended and Restated Limited Liability Company Agreement of Oasis LLC to admit Oasis as the sole member of Oasis LLC.
Effective immediately following the consummation of the transaction described in Section 2.3, Oasis Holdings hereby contributes, conveys, assigns and transfers to Oasis all of the membership interests in Oasis LLC, in exchange for shares of Common Stock.
None of the Units of any Oasis LLC were issued in violation of any agreement, arrangement or commitment to which Seller or any Oasis LLC is a party or is subject to or in violation of any preemptive or similar rights of any Person.
Oasis LLC and Merger LLC have caused this Agreement to be executed as of the date first written above.
Seller shall cause each Oasis LLC to deliver to Buyer, at the Subsequent Closing, written resignations, effective as of the Subsequent Closing Date, of the officers, directors and managers of the respective Oasis LLCs.