- 42 - ($ Millions) Company Sold Entity Receiving Funds Amount (Gross) Shepards Corporate $275 Bender Liberty Bell I L.L.C. 1,375 Mosby Liberty Bell II L.L.C. 415 Total: $2,065 Immediately we will utilize the funds to pay necessary transaction expenses, pay down short-term corporate debt, and then invest the remaining funds under our short-term investment policy * * *. This policy ensures preservation of capital and maintenance of liquidity through prudent standards for credit quality, instrument type and overall portfolio limitations. At the same time, it provides for sufficient flexibility to allow us to search for yield advantages where possible. The following table shows the net investible [sic] funds that should be available to deploy in short-term instruments: ($ Millions) Estimated Cash Transaction Short-Term Fees and Debt Funds Location Gross FundsExpenses Reduction Net Funds Corporate $275 -- ($275) $0 Liberty Bell I 1,375 (64) -- 1,311 Liberty Bell II 415 (22) -- 393 Total: $1,704 W. Execution of the LBI Limited Liability Company Agreement (the management authority) On July 28, 1998, representatives of Times Mirror, Lexis, and MB Parent executed an agreement entitled “Limited Liability Company Agreement of Liberty Bell I, LLC” (LBI LLC agreement). The terms of the LBI LLC agreement included the following: This Limited Liability Company Agreement (together with the schedules attached hereto, thisPage: Previous 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 Next
Last modified: May 25, 2011