Common use of Effective Time of the Exchange Clause in Contracts

Effective Time of the Exchange. (a) The Exchange shall occur and be deemed effective without any further action by the Company or Founder immediately upon the Effective Time. (b) Upon the effectiveness of the Exchange, the Company shall deliver to Founder such documentation as may be reasonably required to evidence that the Class C Shares have been duly issued and transferred to Founder.

Effective Time of the Exchange. (a) The Exchange shall occur and be deemed effective without any further action by the Company or Founder the Exchange Stockholders immediately upon following the Effective TimeTime and prior to the consummation of the sale of the shares of the Company’s capital stock in the IPO as part of the closing thereof. (b) Upon the effectiveness of the Exchange, the Company shall deliver to Founder each Exchange Stockholder such documentation as may be reasonably required to evidence that the Class C B Shares have been duly issued and transferred to Founderthe applicable Exchange Stockholder.

Effective Time of the Exchange. (a) The Exchange shall occur and be deemed effective without any further action by the Company or Founder immediately upon the Exchange Stockholders at the Effective TimeTime and prior to the consummation of the sale of the shares of the Company’s capital stock in the IPO as part of the closing thereof. (b) Upon the effectiveness of the Exchange, the Company shall deliver to Founder each Exchange Stockholder such documentation as may be reasonably required to evidence that the Class C New Shares have been duly issued and transferred to Founderthe applicable Exchange Stockholder.

Effective Time of the Exchange. (a) The Exchange shall occur and be deemed effective without any further action by the Company or Founder the Exchange Stockholders immediately upon following the Effective TimeTime and prior to the consummation of the sale of the shares of the Company’s capital stock in the IPO. (b) Upon the effectiveness of the Exchange, the Company shall deliver (or shall cause its transfer agent to Founder deliver) to each Exchange Stockholder such documentation as may be reasonably required to evidence that the Class C B Shares have been duly issued and transferred delivered to Foundersuch Exchange Stockholder.

Effective Time of the Exchange. (a1) The Exchange shall occur and be deemed effective without any further action by the Company or Founder the Exchange Stockholders immediately upon following the Effective TimeTime and prior to the consummation of the sale of the shares of the Company’s capital stock in the IPO as part of the closing thereof. (b2) Upon the effectiveness of the Exchange, the Company shall deliver to Founder each Exchange Stockholder such documentation as may be reasonably required to evidence that the Class C B Shares have been duly issued and transferred to Founderthe applicable Exchange Stockholder.