Common use of Cancellation of Class A Stock and Class A Units Clause in Contracts

Cancellation of Class A Stock and Class A Units. At any time a share of Class A Stock is redeemed, repurchased, acquired, cancelled or terminated by VRI, the Company shall redeem, repurchase, acquire, cancel or terminate, as applicable, one (1) Class A Unit (or other economically equivalent equity interest) registered in the name of VRI upon the same terms and for the same price as the Class A Stock so that the aggregate number of Class A Units held by VRI at all times equals the number of shares of Class A Stock issued outstanding.

Cancellation of Class A Stock and Class A Units. At any time a share of Class A Stock is redeemed, repurchased, acquired, cancelled or terminated by VRIa Class A Member, the Company shall redeem, repurchase, acquire, cancel or terminate, as applicable, one (1) Class A Unit (or other economically equivalent equity interest) registered in the name of VRI such Class A Member upon the same terms and for the same price as the Class A Stock so that the aggregate number of Class A Units held by VRI such Class A Member at all times equals the number of shares of Class A Stock issued outstanding.