Examples of Series LLC Agreement in a sentence
The Transferee agrees to comply with all covenants and restrictions applicable to a Holder of the 20[•]-[•] Series Certificate and the interest in the 20[•]-[•] Series represented thereby, whether set forth in the 20[•]-[•] Series Certificate, in the Series LLC Agreement or otherwise, and assumes all obligations and liabilities, if any, associated therewith.
The Transferee agrees to comply with all covenants and restrictions applicable to a Holder of the 2023-A Series Certificate and the interest in the 2023-A Series represented thereby, whether set forth in the 2023-A Series Certificate, in the Series LLC Agreement or otherwise, and assumes all obligations and liabilities, if any, associated therewith.
Missouri law therefore governs the Series LLC Agreement, and the Member Agreements appear closely related to the Series LLC Agreement.Assuming for the sake of analysis that Colorado law did apply, it is reasonably likely that a court applying the Colorado statute would uphold the restrictions in the Member Agreements.
As Producer Members, each was a party to and bound by the Series LLC Agreement and a Member Agreement.
The Transferee agrees to comply with all covenants and restrictions applicable to a Holder of the 2023-A Series Certificate and the interest in the 2023-A Series represented thereby, whether set forth in the 2023-A Series Certificate, in the Series LLC Agreement, or otherwise, and assumes all obligations and liabilities, if any, associated therewith.
Under the Series LLC Agreement, the Producer Members were required to provide thirty-days advance written notice to Lockton before resigning.
This Section shall survive the complete or partial termination of this 20[•]-[•] Servicing Supplement and the complete or partial resignation or removal of the Servicer under the Series LLC Agreement, the Titling Company Servicing Agreement or this 20[•]-[•] Servicing Supplement.
As with the Series LLC Agreement, the Partners LLC Agreement provided for a repurchase of the Partnership Unit that could result in the Producer Partner receiving substantial compensation.In Section 5.1 of the Partners LLC Agreement, each Producer Partner reaffirmed the restrictive covenants that the Producer Partner had agreed to as Producer Members.
The Series LLC Agreement also established a buy-out mechanism for the Producer Unit following a Producer Member’s departure, which could result in the payment of substantial proceeds to the Producer Member.Each Producer Member also was a party to and bound by a Member Agreement.
The Transferee agrees to comply with all covenants and restrictions applicable to a Holder of the 20[•]-[•] Series Certificate and the interest in the 20[•]-[•] Series represented thereby, whether set forth in the 20[•]-[•] Series Certificate, in the Series LLC Agreement, or otherwise, and assumes all obligations and liabilities, if any, associated therewith.