Common use of Minimum Transfer Restriction Clause in Contracts

Minimum Transfer Restriction. Any transferor must Transfer not less than the lesser of (i) ten thousand (10,000) Partnership Units (as adjusted for any unit split, unit distribution, reverse unit split, reclassification or similar event, in each case with such adjustment being determined by the General Partner) or (ii) all of the remaining Partnership Units owned by such transferor; provided, however, that, for purposes of determining compliance with the foregoing restriction, all Partnership Units owned by Affiliates of a Holder shall be considered to be owned by such Holder.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Perella Weinberg Partners), Agreement of Limited Partnership (Perella Weinberg Partners), Business Combination Agreement (FinTech Acquisition Corp. IV)

AutoNDA by SimpleDocs

Minimum Transfer Restriction. Any transferor must Transfer not less than the lesser of (i) [ten thousand (10,000) Partnership )] Units (as adjusted for any unit split, unit distribution, reverse unit split, reclassification or similar event, in each case with such adjustment being determined by the General PartnerManager) or (ii) all of the remaining Partnership Units owned by such transferor; provided, however, that, that for purposes of determining compliance with the foregoing restriction, all Partnership Units owned by Affiliates of a Holder shall be considered to be owned by such Holder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (SmileDirectClub, Inc.)

AutoNDA by SimpleDocs

Minimum Transfer Restriction. Any transferor must Transfer not less than the lesser of (i) ten thousand (10,000) Partnership Units (as adjusted for any unit split, unit distribution, reverse unit split, reclassification or similar event, in each case with such adjustment being determined by the General PartnerManager) or (ii) all of the remaining Partnership Units owned by such transferor; provided, however, that, that for purposes of determining compliance with the foregoing restriction, all Partnership Units owned by Affiliates of a Holder shall be considered to be owned by such Holder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (SmileDirectClub, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!