Common use of Cash Redemption Clause in Contracts

Cash Redemption. So long as any there exists any SL Party that holds Class A Common Stock that was issued to such SL Party (or its Affiliated transferor) as of the closing of the IPO, and any other SL Party that holds any Common Units that were issued to such SL Party (or its Affiliated transferor) as of the closing of the IPO, if the SL Party holding the Common Units desires to effect a Redemption (in accordance with, and as defined in, the Endeavor Operating LLC Agreement), PubCo shall not, and shall cause Endeavor Operating Company not to, settle such Redemption with a Cash Settlement (as defined in the Endeavor Operating LLC Agreement) without the prior written consent of the applicable SL Party.

Cash Redemption. So long as any there exists any SL Party that holds Class A Common Stock that was issued to such SL Party (or its Affiliated transferor) as of the closing of the IPO, and any other SL Party that holds any Common Units that were issued to such SL Party (or its Affiliated transferor) as of the closing of the IPO, if the SL Party holding the Common Units desires to effect a Redemption (in accordance with, and as defined in, the Endeavor Operating LLC Agreement), PubCo shall not, and shall cause Endeavor Operating Company not to, settle such Redemption with a Cash Settlement (as defined in the Endeavor Operating LLC Agreement) without the prior written consent of the applicable SL Party.