Period Amount. At any time following the two (2)-year anniversary of the Effective Date Up to 20% At any time following the three (3)-year anniversary of the Effective Date Up to 40% (inclusive of any prior Exchanges) At any time following the four (4)-year anniversary of the Effective Date Up to 60% (inclusive of any prior Exchanges) At any time following the five (5)-year anniversary of the Effective Date Up to 80% (inclusive of any prior Exchanges) At any time following the six (6)-year anniversary of the Effective Date Up to 100% (inclusive of any prior Exchanges) Notwithstanding the foregoing but subject to Section 8.4(f)(v), from the two (2)-year anniversary of the Effective Date until the three (3)-year anniversary of the Effective Date (i.e., between 24-36 months after the Effective Date), the Titanium Family Designee may submit an Exchange Notice (which Exchange Notice shall be irrevocable) with respect to 100% of the Common Units owned by the Titanium Family Group and the Family Transferees (such an Exchange, a “Total Titanium Exchange”).
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Taubman Centers Inc), Agreement and Plan of Merger (Taubman Centers Inc), Merger Agreement (Taubman Centers Inc)
