Common use of Cancellation of Class A-1 Common Units Clause in Contracts

Cancellation of Class A-1 Common Units. Upon (A) any Class E-1 Common Units or Additional Class E Common Units becoming Eligible Common Units or (B) any such Class E Common Units being cancelled (other than any Class E-1 Common Units cancelled as of March 11, 2019 pursuant to Section 3.1(g)(i)), in either case an equal number of Class A-1 Common Units shall be automatically cancelled, with each holder of Class A-1 Common Units bearing its pro rata share of such cancellation.

Appears in 7 contracts

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

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!