Common use of Class A Consent Rights for Non-DSO Parties Clause in Contracts

Class A Consent Rights for Non-DSO Parties. From the Recapitalization Date until the end of the Distribution Holiday, without the approval of holders of a majority of the Class A Common Units (excluding any Class A Common Units held by any DSO Parties at the applicable time) (such holders, the “Non-DSO Class A Holders”), the Och-Ziff Group shall not amend (directly or indirectly, whether by merger, recapitalization, amendment, or otherwise) (i) this Agreement if the impact of such amendment on the Non-DSO Class A Holders (solely in their capacity as holders of Class A Common Units or Class A-1 Common Units) is disproportionately adverse, in any material respect, relative to the impact to the DSO Parties (solely in the DSO Parties’ capacity as holders of Class A Common Units or Class A-1 Common Units, as applicable) or (ii) this Section 3.1(d)(iii)(B).

Appears in 7 contracts

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

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