Common use of Demand Notes Clause in Contracts

Demand Notes. The Company shall hold Demand Notes such that, at all times, the ratio of the Value of such Demand Notes to the aggregate Unrecovered Capital of the Class A Limited Members shall be at least 1:1.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (At&t Inc.), Limited Liability Company Agreement (At&t Inc.), Limited Liability Company Agreement (At&t Inc.)

Demand Notes. The Company shall hold Demand Notes such that, at all times, the ratio of the Value aggregate principal amount of such Demand Notes to the aggregate Unrecovered Capital of the Class A Limited Members shall be at least 1:1.

Appears in 1 contract

Sources: Limited Liability Company Agreement (At&t Inc.)