Exchange for Cash. Upon the exchange by any Member of Class B Units or Class C Non-Voting Units for a cash payment pursuant to the Exchange Agreement, as of the effective date of such exchange, each such exchanged Unit automatically shall be deemed cancelled concomitant with such payment, without any action on the part of any Person, including Vantiv or the Company.
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Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Vantiv, Inc.), Limited Liability Company Agreement (Vantiv, Inc.)
Exchange for Cash. Upon the exchange Exchange by any Class B Member of any Class B Units or Class C Non-Voting Units for a cash payment pursuant to the Exchange Agreement, as of the effective date of such exchangeExchange, each such exchanged Class B Unit shall automatically shall be deemed cancelled concomitant with such payment, without any action on the part of any Person, including Vantiv Investor or the Company.
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