Procedure; Cash Election. (i) On any Redemption Date for which any Redeeming Holder has delivered a Redemption Notice with respect to Class A Units, unless the Company elects to pay cash in accordance with Section 4.7(e)(ii) or a member of the PubCo Holdings Group exercises its Call Right pursuant to Section 4.7(f), on such Redemption Date, such number of Class A Units shall be redeemed for an equal number of Class A Shares and an equal number of Class B Shares shall be surrendered by such Redeeming Holder and cancelled.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Kimbell Tiger Acquisition Corp), Limited Liability Company Agreement (Kimbell Tiger Acquisition Corp), Limited Liability Company Agreement (Kimbell Tiger Acquisition Corp)
Procedure; Cash Election. (i) On any Redemption Date for which any Redeeming Holder has delivered a Redemption Notice with respect to Class A Units, unless the Company elects to pay cash in accordance with Section 4.7(e)(ii) or a member of the PubCo Holdings Group exercises its Call Right pursuant to Section 4.7(f), on such Redemption Date, such number of Class A Units shall be redeemed for an equal number of Class A Shares and an equal number of Class B V Shares shall be surrendered by such Redeeming Holder and cancelled.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Beard Energy Transition Acquisition Corp.), Limited Liability Company Agreement (Beard Energy Transition Acquisition Corp.), Limited Liability Company Agreement (Beard Energy Transition Acquisition Corp.)
