Common use of Adjustments for Other Distributions Clause in Contracts

Adjustments for Other Distributions. In the event the Company at any time or from time to time after the Series C Original Issue Date shall make or issue, or fix a record date for the determination of holders of Common Units entitled to receive, a distribution payable in securities of the Company (other than a distribution of Common Units in respect of outstanding Common Units) or in other property and the provisions of Section 5.3(a) do not apply to, or are waived with respect to, to such distribution, then and in each such event the holders of Preferred Units shall receive, simultaneously with the distribution to the holders of Common Units, a distribution of such securities or other property in an amount equal to the amount of such securities or other property as they would have received if all outstanding Preferred Units had been converted into Class A Common Units on the date of such event.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Zentalis Pharmaceuticals, Inc.), Limited Liability Company Agreement (Zentalis Pharmaceuticals, LLC), Limited Liability Company Agreement (Zentalis Pharmaceuticals, LLC)

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Adjustments for Other Distributions. In the event the Company at any time or from time to time after the Series C B Original Issue Date shall make or issue, or fix a record date for the determination of holders of Common Units entitled to receive, a distribution Distribution payable in securities of the Company (other than a distribution Distribution of Common Units in respect of outstanding Common Units) or in other property and the provisions of Section 5.3(a5.1(b) do not apply to, or are waived with respect to, to such distributionDistribution, then and in each such event the holders of Series B Convertible Preferred Units shall receive, simultaneously with the distribution to the holders of Common Units, a distribution Distribution of such securities or other property in an amount equal to the amount of such securities or other property as they would have received if all outstanding Series B Convertible Preferred Units had been converted into Class A Common Units on the date of such event.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Wayfair Inc.), Limited Liability Company Operating Agreement (Wayfair Inc.)

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Adjustments for Other Distributions. In the event the Company at any time or from time to time after the Series C B Original Issue Date shall make or issue, or fix a record date for the determination of holders of Common Units entitled to receive, a distribution Distribution payable in securities of the Company (other than a distribution Distribution of Common Units in respect of outstanding Common Units) or in other property and the provisions of Section 5.3(a5.1(b) do not apply to, or are waived with respect to, to such distributionDistribution, then and in each such event the holders of Series A Convertible Preferred Units shall receive, simultaneously with the distribution to the holders of Common Units, a distribution Distribution of such securities or other property in an amount equal to the amount of such securities or other property as they would have received if all outstanding Series A Convertible Preferred Units had been converted into Class A Common Units on the date of such event.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Wayfair Inc.), Limited Liability Company Operating Agreement (Wayfair Inc.)

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