Pubco Distributions. Notwithstanding the provisions of Section 5.03(b), the Managing Member, in its sole discretion, may authorize that cash be paid to Pubco or any of its Subsidiaries (which payment shall be made without pro rata distributions to the other Members) in exchange for the redemption, repurchase or other acquisition of Units held by Pubco or any of its Subsidiaries to the extent that such cash payment is used to redeem, repurchase or otherwise acquire an equal number of shares of Class A Common Stock in accordance with Section 4.02(b).
Appears in 8 contracts
Samples: Limited Liability Company Agreement (TWFG, Inc.), Limited Liability Company Agreement (TWFG, Inc.), Limited Liability Company Agreement (Weber Inc.)
Pubco Distributions. Notwithstanding the provisions of Section 5.03(b), the Managing Member, in its sole discretion, may authorize that (i) cash be paid to Pubco or any of its Subsidiaries (which payment shall be made without pro rata distributions to the other Members) in exchange for the redemption, repurchase or other acquisition of Units held by Pubco or any of its Subsidiaries to the extent that such cash payment is used to redeem, repurchase or otherwise acquire an equal number of shares of Class A Common Stock in accordance with Section 4.02(b)) in accordance with Section 12.01.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Colby Michael C.), Limited Liability Company Agreement (Jones Mark Evan), Contribution Agreement (Goosehead Insurance, Inc.)
Pubco Distributions. Notwithstanding the provisions of Section Section 5.03(b), the Managing Member, in its sole discretion, may authorize that (i) cash be paid to Pubco or any of its Subsidiaries (which payment shall be made without pro rata distributions to the other Members) in exchange for the redemption, repurchase or other acquisition of Units held by Pubco or any of its Subsidiaries to the extent that such cash payment is used to redeem, repurchase or otherwise acquire an equal number of shares of Class A Common Stock in accordance with Section Section 4.02(b)) and in accordance with Section 12.01.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Arog Pharmaceuticals, Inc.)
Pubco Distributions. Notwithstanding the provisions of Section 5.03(b), the Managing MemberManager, in its sole discretion, may authorize that cash be paid to Pubco or any of its Subsidiaries PubCo (which payment shall be made without pro rata distributions to the other Class A Members) in exchange for the redemption, repurchase or other acquisition of Units held by Pubco or any of its Subsidiaries PubCo to the extent that such cash payment is used to redeem, repurchase or otherwise acquire an equal number of shares corresponding Equity Securities of Class A Common Stock PubCo in accordance with Section 4.02(b).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Milan Laser Inc.)
Pubco Distributions. Notwithstanding the provisions of Section Section 5.03(b), the Managing Member, in its sole discretion, may authorize that cash be paid to Pubco or any of its Subsidiaries (which payment shall be made without pro rata distributions to the other Members) in exchange for the redemption, repurchase or other acquisition of Units held by Pubco or any of its Subsidiaries to the extent that such cash payment is used to redeem, repurchase or otherwise acquire an equal number of shares of Class A Common Stock in accordance with Section Section 4.02(b).
Appears in 1 contract
Samples: Limited Liability Company Agreement (BRP Group, Inc.)
