LLC Shares means the aggregate limited liability company interests of the Company authorized to be issued pursuant to this Agreement.
LLC Shares in respect of the Borrower shall have the meaning ascribed thereto in the Borrower’s limited liability company agreement and, in respect of the Guarantor, shall have the meaning ascribed to the term “Unit” in the Guarantor’s limited liability company agreement, as amended.;
LLC Shares means shares of the LLC, consisting of Series A Preferred Shares ("LLC Series A Preferred Shares"), Series B Preferred Shares ("LLC Series B Preferred Shares") and Common Shares ("LLC Common Shares").
Examples of LLC Shares in a sentence
On the IPO Effective Date, after giving effect to the Contribution, IBG Holdings shall sell 40,000,000 IBG LLC Shares to IBGI (the “Initial Purchase”) for an aggregate consideration consisting of: (a) the sum of $1,177,892,000, such amount to be paid out of the net proceeds of the IPO, and (b) an amount equal to the tax benefits to be realized by IBGI over time, in accordance with the Tax Receivable Agreement, in connection with the Initial Purchase.
PROSPECTUS DATED July 22, 2022 VERSUS CAPITAL MULTI-MANAGER REAL ESTATE INCOME FUND LLC Shares of Beneficial Interest: (VCMIX) Versus Capital Multi-Manager Real Estate Income Fund LLC (the “Fund”) is a Delaware limited liability company registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), as a non-diversified, closed-end investment management company that is operated as an interval fund.
IBG LLC agrees to effect transfers of its IBG LLC Shares and to take such actions as are otherwise necessary to facilitate the transactions contemplated by this Agreement.
More Definitions of LLC Shares
LLC Shares shall have the meaning ascribed to that term in the preamble hereto.
LLC Shares means the units of limited liability company interests in the Seller defined as “Shares” in the First Amended and Restated Limited Liability Company Agreement of Seller dated February 1, 2018, as amended by the First Amendment to First Amended and Restated Limited Liability Company Agreement of Seller dated December 31, 2021.
LLC Shares means collectively (i) the 200,000 shares of Common Stock owned by LLC, (ii) the 600,000 shares of Common Stock that LLC has the option to acquire pursuant to the terms of the Stock Option Agreement, (iii) the 3,000 shares of Common Stock owned by Settle, (iv) the 5,000 shares of Common Stock owned by Hobey, (v) the 25,000 shxxxx of Common Stock that Hobey has the option to acxxxxx pursuant to the terms of an Employee Nonqualified Stock Option Agreement, dated as of June 17, 1998, between OPS and Hobey, (vi) the 3,000 shaxxx xf Common Stock owned by William F. Crabtree ("Crxxxxxx"), (xxx) xxx 12,000 xxxxes of Common Stock that Crabtree has the option to xxxxxxx pursuant to the terms of an Employee Nonqualified Stock Option Agreement, dated as of June 17, 1998, between OPS and Crabtree, (viii) the Addixxxxxx Xhares and (ix) such additional shares of Common Stock that OPS may issue with respect to such shares pursuant to any stock splits, stock dividends, recapitalizations, restructurings, reclassifications or similar transactions.
LLC Shares shall have the meaning set forth in the recitals of this Agreement.
LLC Shares means shares representing a proportionate interest in the capital and profits and losses of the LLC; (qqq) "Licenses" means all licenses, permits, construction permits, registrations, and other authorizations issued by any federal, state, or local governmental authorities for use in connection with the conduct of the business or operations of the relevant business, and all applications therefor, together with any renewals, extensions, modifications, or additions thereto between the date of this Agreement and the Closing Date; (rrr) "Liens" shall have the meaning set forth in Section 2.3; (sss) "Loss and Expenses" shall have the meaning set forth in Section 11.2(a); (ttt) "Mandatory Purchase Event" shall have the meaning set forth in Section 1.7(a)(ii); (uuu) "Mandatory Purchase Notice" shall have the meaning set forth in Section 1.7(a)(ii); (vvv) "Material Adverse Effect" shall mean any event, occurrence, fact, condition, change or effect that is materially adverse to the business, operations, results of operations, prospects, condition (financial or otherwise), properties (including intangible properties), assets (including intangible assets) or liabilities of the relevant business, taken as a whole; (www) "Material Contracts" shall have the meaning set forth in Section 2.7; (xxx) "Material Real Property" shall have the meaning set forth in Section 2.5; (yyy) "Merger Transaction" shall have the meaning set forth in Section 1.7(a)(iii); (zzz) "NASD" shall mean the National Association of Securities Dealers; (aaaa) "Owned LLC Amount" shall mean a number of LLC Shares equal to the difference between (i) the Stock Amount and (ii) 6.75 million plus the Acquired LLC Amount; (bbbb) "Owned Partnership Interest" shall mean that certain partnership interest in the Partnership owned by Investor since the inception of the Partnership; (cccc) "Parent" shall have the meaning set forth in the Preamble; (dddd) "Parent Balance Sheet" shall have the meaning set forth in Section 3.8;
LLC Shares shall have the meaning specified in Recital "C" to the Agreement.