Exchange and Exercise. (a) Immediately prior to the Effective Time (but immediately after the Specified LLC Option Exercise (as defined below)) and pursuant to Sections 11.01 through 11.03 of the Holdings LLC Agreement, all of the LLC Units owned by each of the LLC Optionholders (after giving effect to the Specified LLC Option Exercise) shall be exchanged directly with Company on a one-for-one basis for shares of Company Class A Common Stock (the “Resulting Shares”) (each such Exchange shall be collectively referred to herein as the “Specified Exchange”).
Appears in 4 contracts
Samples: Exchange and Termination Agreement (Neff Corp), Exchange and Termination Agreement (United Rentals North America Inc), Exchange and Termination Agreement (H&E Equipment Services, Inc.)
