Springing LLC definition
Springing LLC has the meaning given to such term in Section 9.2.
Springing LLC means the limited liability company participating in the Transfer Distribution as such term is defined in the certain trust agreement of [●].
Examples of Springing LLC in a sentence
As part of the Transfer Distribution, the Manager shall cause the membership interests in the Springing LLC to be distributed to the Beneficial Owners in proportion to their Percentage Shares immediately prior to the dissolution of the Trust in complete satisfaction of their Beneficial Interests and their Beneficial Ownership Certificates in order to consummate the dissolution of the Trust.