Common use of Automatic Conversion of Class A Common Units Clause in Contracts

Automatic Conversion of Class A Common Units. If, as a result of an exchange pursuant to the Exchange Agreement, Och-Ziff or any of its Subsidiaries (excluding any Operating Group Entity and any Subsidiary of an Operating Group Entity) acquires (in any manner) any Class A Common Units, each such Class A Common Unit will automatically convert into one Class B Common Unit, unless otherwise determined or cancelled.

Appears in 22 contracts

Samples: Agreement of Limited Partnership, Limited Partnership Agreement, Limited Partnership Agreement (Och-Ziff Capital Management Group LLC)

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