Examples of LLC Operating Agreement in a sentence
Promptly after giving such notice of removal as the Custodian and Paying Agent, subject to the provisions of the LLC Operating Agreement and the Reimbursement, Security and Guaranty Agreement as they relate to the Company, the Company is to appoint, by written instrument, a successor Custodian and Paying Agent.
Copies of the Transfer Agreement and the LLC Operating Agreement (or portions thereof) as are necessary for the Paying Agent to be familiar with to perform its obligations set forth in this Agreement have been delivered to the Paying Agent by the Company, and the Paying Agent acknowledges receipt thereof.
The Cash Flow and Distribution Report will be a portion of the Monthly Report to be provided to the Paying Agent, the Initial Member, each Purchase Money Notes Guarantor and the PMN Agent in accordance with the LLC Operating Agreement.
For all Asset Proceeds with respect to any Group of Assets received after the Interim Servicing Period with respect to such Group of Assets, the Company is to transfer, or cause the Servicer, Subservicer or JDC Contractor to transfer, such Asset Proceeds to the Paying Agent for deposit into the Collection Account within the time frame provided in Section 12.7 of the LLC Operating Agreement (and without any offsets or deductions not otherwise expressly permitted therein).
The Private Owner Pledged Account (and all funds and Permitted Investments therein or allocated thereto) are to be held by the Paying Agent in a segregated account subject to the security interest granted for the benefit of the Initial Member pursuant to the LLC Operating Agreement, this Agreement and the Private Owner Pledged Account Control Agreement in substantially the form attached to this Agreement as Exhibit Q.