Common use of Class B Exchange Clause in Contracts

Class B Exchange. (a) Upon any exchange of Class B Shares and a corresponding number of Tallgrass Equity Units for Class A Shares pursuant to this Agreement and the Tallgrass Equity LLC Agreement (an “Exchange”), the Partnership shall issue to the exchanging holder of such Class B Shares a number of Class A Shares equal to the number of Class B Shares exchanged.

Appears in 5 contracts

Samples: Partnership Agreement (Tallgrass Energy, LP), www.sec.gov, Kelso GP VIII, LLC

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