Common use of Exchange of Och-Ziff Operating Group Units Clause in Contracts

Exchange of Och-Ziff Operating Group Units. (a) Subject to adjustment as provided in this Article II, to the provisions of the Och-Ziff Operating Group Partnership Agreements and the Issuer Operating Agreement and to the other provisions of this Agreement, each Och-Ziff Limited Partner shall be entitled to exchange Vested Och-Ziff Operating Group Units held by such Och-Ziff Limited Partner on any Established Exchange Date or, as applicable, Quarterly Exchange Date as follows:

Exchange of Och-Ziff Operating Group Units. (a) Subject to adjustment as provided in this Article II, to the provisions of the Och-Ziff Operating Group Partnership Agreements and the Issuer Operating Agreement (or the Issuer’s Organizational Documents in effect following conversion of the Issuer into a corporation) and to the other provisions of this Agreement, each Och-Ziff Limited Partner shall be entitled to exchange Vested Och-Ziff Operating Exchangeable Group Units held by such Och-Ziff Limited Partner on any Established Exchange Date or, as applicable, Quarterly any Post-Distribution Holiday Exchange Date as follows:

Exchange of Och-Ziff Operating Group Units. (a) Subject to adjustment as provided in this Article II, to the provisions of the Och-Ziff Operating Group Partnership Agreements and the Issuer Operating Agreement and to the other provisions of this Agreement, each Och-Ziff Limited Partner shall be entitled to exchange Vested Och-Ziff Operating Group A Units held by such Och-Ziff Limited Partner on any Established Exchange Date or, as applicable, Quarterly Exchange Date as follows: