Deemed Repurchase. Upon delivery of the full consideration for the Executive Units at the closing of a repurchase pursuant to this Section 3 (including delivery of any subordinated promissory note pursuant to Section 3(g)), then from and after such time, the holder of such Executive Units from whom such securities are to be purchased shall cease to have any rights as a holder of such securities, and such securities shall be deemed purchased in accordance with the applicable provisions hereof and the purchaser thereof shall be deemed the owner (of record and beneficially) and holder(s) of such securities, whether or not the certificate representing such Executive Units has been delivered as required by this Agreement.
Appears in 4 contracts
Samples: Class B Common Unit Grant Agreement (CDW Corp), Class B Common Unit Grant Agreement (CDW Corp), Class B Common Unit Grant Agreement (CDW Finance Corp)
