Parent LLC definition
Examples of Parent LLC in a sentence
Membership in this Fund constitutes membership in the Parent LLC.
All funds of the Fund will be deposited with banks or other financial institutions in the account or accounts of the Parent LLC or the Fund as may be determined by the Administrator who will ensure records are maintained for the Fund assets associated with the Fund separately from the assets of any other Person.
The dissolution and termination of the Fund will not, in and of itself, cause or result in the dissolution or termination of the Parent LLC or any other Series.
Pursuant to Section 18-215 of the Act and the Limited Liability Company Agreement of the Parent LLC (the “Parent LLC Agreement”), the Parent LLC is authorized to establish separate members and limited liability company interests with separate and distinct rights, powers, duties, obligations, businesses, and objectives (each a “Series”).
In the event of any inconsistency between this Agreement and the Parent LLC Agreement, this Agreement will control.