Common use of Affiliate Notes Clause in Contracts

Affiliate Notes. If any Notes are purchased by an Affiliate (“Affiliate Notes”), such Affiliate Notes would continue to constitute part of the same series as the other Notes issued pursuant to this Indenture, except with respect to voting rights under this Indenture. However, such Affiliate Notes would be held in certificated form and would not be freely transferable until twelve months following their sale by any Affiliate to a non-Affiliate unless sold in a transaction registered under the Securities Act or pursuant to Rule 144.

Appears in 4 contracts

Samples: Intercreditor Agreement (Carvana Co.), Carvana Co., Carvana Co.

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