Common use of Deemed Liquidation Event Clause in Contracts

Deemed Liquidation Event. For purposes of this Agreement, each of the following events shall be considered a “Deemed Liquidation Event” unless the holders of at least fifty percent (50%) of the outstanding Class A Units elect otherwise by written notice sent to the Company prior to the effective date of any such event: (a) a merger or consolidation in which (i) the Company is a constituent party or

Deemed Liquidation Event. For purposes of this Agreement, each of the following events shall be considered a “Deemed Liquidation Event” unless the holders of at least fifty percent (50%) of the outstanding Class A Units elect otherwise by written notice sent to the Company prior to the effective date of any such event: (a) a merger or consolidation in which (i) the Company is a constituent party oror HB: 4837-9580-7915.3