Ownership Requirements. (i) Pursuant to Section 8.18(f) of the Holdco LLC Agreement, a Nominating Investor Holdco Member retains its right to participate in the Investor Director Nomination Rotation for so long as such Nominating Investor Holdco Member owns a number of Holdco Class A Units at least equal to the Nomination Threshold (subject to adjustment in the event of any Holdco Unit split, Holdco Unit combination, reorganization, reclassification, recapitalization or the like). If a Nominating Investor Holdco Member which then has an Investor Director serving on the Board Transfers some or all of its Holdco Class A Units to a third party and such Transfer results in such Nominating Investor Holdco Member owning a number of Holdco Class A Units that is less than the Nomination Threshold (subject to adjustment in the event of any Holdco Unit split, Holdco Unit combination, reorganization, reclassification, recapitalization or the like) then the Investor Director nominated by such Nominating Investor Holdco Member shall automatically and immediately be removed from the Board concurrently with the consummation of such Transfer.
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Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
