Exchange of Paired Interests. (a) Subject to any restrictions set forth in the Stockholders Agreement and Section 2.02(h), a Holder shall be entitled at any time and from time to time upon the terms and subject to the conditions hereof, to surrender Paired Interests to the Company, in exchange (such exchange, an “Exchange”) for the delivery by the Company to such Holder of either (i) a number of shares of Class A Common Stock that is equal to the product of the number of Paired Interests surrendered multiplied by the Exchange Rate or (ii) at the option of Newco, or the Company on behalf of Newco, to be exercised pursuant to Section 2.02(b), a Cash Exchange Payment.
Appears in 3 contracts
Samples: Joinder Agreement, Joinder Agreement (BAKER HUGHES a GE Co LLC), Joinder Agreement (Baker Hughes a GE Co)
Exchange of Paired Interests. (a) Subject to any restrictions set forth in the Stockholders Agreement and Section Section 2.02(h), a Holder shall be entitled at any time and from time to time upon the terms and subject to the conditions hereof, to surrender Paired Interests to the Company, in exchange (such exchange, an “Exchange”) for the delivery by the Company to such Holder of either (i) a number of shares of Class A Common Stock that is equal to the product of the number of Paired Interests surrendered multiplied by the Exchange Rate or (ii) at the option of Newco, or the Company on behalf of Newco, to be exercised pursuant to Section Section 2.02(b), a Cash Exchange Payment.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Baker Hughes Inc)
