Saracen definition
Examples of Saracen in a sentence
As a condition to the transfer by a Saracen Member of any or all of such Saracen Member's Interest, the foregoing power of attorney shall be granted by the transferee of such Saracen Member's Interest.
In such instance, Saracen shall be given at least thirty (30) days' prior written notice to make such Capital Contribution and if no Capital Contribution is made by Saracen within such thirty (30) day period, the right to make such Capital Contribution shall be deemed waived.
The Company acknowledges and agrees that this Section 8.2A is a material inducement to the Saracen Members entering into this Agreement, without which the Saracen Members would be unwilling to enter into this Agreement.
Collectively, the additional Members set forth on Schedule 1 annexed hereto shall be referred to herein as "Saracen" or the "Saracen Members".
Each Saracen Member has the ability to bear the economic risk of acquiring the Membership Units and the Series A Preferred Membership Units.
Notwithstanding the foregoing, Saracen shall not be relieved of any liability it would have to return such distributions that Saracen would otherwise be required to return in accordance with the Limited Liability Company Act of the State of Delaware.
Vacancies on the Management Committee shall be filled by the Appointing Member, the Saracen Members or the Preferred Holders, as applicable, that appointed the Committee Representative previously holding the position which is then vacant.
Notwithstanding the foregoing, in no event shall (i) the aggregate amount of capital contributions made by all Saracen Members pursuant to this Section 5.2(d) exceed $50,000.00, and (ii) Membership Units be issued for more than $50,000.00 of capital contributions pursuant to this Section 5.2(d).
Paragraph E of the Rider to the Original Lease is hereby modified by changing the address for any notices to the Landlord to the following: AS Clock Tower Owner, LLC c/o Saracen Management LLC ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇ ▇▇▇▇ Tenant acknowledges and agrees that Tenant’s notice address pursuant to the Lease shall be the Premises, as the same may be modified or relocated within the Property from time to time, and made to the attention of the General Counsel of Tenant.
The Members acknowledge and agree, notwithstanding anything in this Agreement to the contrary, that the Company shall make distributions to the Members in accordance with this Section 7.1 in an amount at least sufficient to pay the amounts to Saracen set forth in Section 7.1(b)(ii) below.