Note to Draft. To be a number equal to at least 51.8% of the Class A common stock held by the Silver Lake Parties immediately prior to the IPO (calculated assuming that all of the SL Parties’ Common Stock and corresponding shares of Class C common stock are exchanged for Class A common stock).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Virtu Financial, Inc.), Limited Liability Company Agreement (Virtu Financial, Inc.)
Note to Draft. To be a number equal to at least 51.825.9% of the Class A common stock held by the Silver Lake Parties immediately prior to the IPO (calculated assuming that all of the SL Parties’ Common Stock and corresponding shares of Class C common stock are exchanged for Class A common stock). Regulation Section 1.752-1(a)(2)) determined in accordance with Treasury Regulation Section 1.704-2(i)(3).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Virtu Financial, Inc.), Limited Liability Company Agreement (Virtu Financial, Inc.)
Note to Draft. To be a number equal to at least 51.830% of the Class A common stock held by the Silver Lake Parties immediately prior to the IPO (calculated assuming that all of the SL Parties’ Common Stock and corresponding shares of Class C common stock are exchanged for Class A common stock). aggregate number of Common Units issued and outstanding (excluding any Unvested Common Units other than Participating Unvested Common Units). The sum of the outstanding Percentage Interests of all Members shall at all times equal 100%.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Virtu Financial, Inc.)