Common use of Redemption of Class A Stock Clause in Contracts

Redemption of Class A Stock. If, at any time, one or more shares of Class A Stock are redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by PubCo for cash, then the Managing Member shall cause the Company, concurrently with such redemption of Class A Stock, to redeem the same number of Class A Units held by PubCo, at an aggregate redemption price equal to the aggregate redemption price of the share or shares of Class A Stock being redeemed by PubCo (plus any expenses related thereto) and upon such other terms as are the same for the share or shares of Class A Stock being redeemed by PubCo.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (RCS Capital Corp), Limited Liability Company Agreement (RCS Capital Corp), Limited Liability Company Agreement (RCS Capital Corp)

AutoNDA by SimpleDocs

Redemption of Class A Stock. If, at any time, one or more shares of Class A Stock are redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by PubCo for cash, then the Managing Member shall cause the Company, concurrently with such redemption of Class A Stock, to redeem the same number of Class A Units held by PubCo, at an aggregate redemption price equal to the aggregate redemption price of the share or shares of Class A Stock being redeemed by PubCo (plus any expenses related thereto) and upon such other terms as are the same for the share or shares of Class A Stock being redeemed by PubCo.. 16

Appears in 1 contract

Samples: Limited Liability Company Agreement (RCS Capital Corp)

AutoNDA by SimpleDocs

Redemption of Class A Stock. If, at any time, one or more shares of Class A Stock are redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by PubCo for cash, then the Managing Member shall cause the Company, concurrently with such redemption of Class A Stock, to redeem the same number of Class A Units held by PubCo, at an aggregate redemption price equal to the aggregate redemption price of the share or shares of Class A Stock being redeemed by PubCo (plus any expenses related thereto) and upon such other terms as are the same for the share or shares of Class A Stock being redeemed by PubCo.. 15

Appears in 1 contract

Samples: Limited Liability Company Agreement (RCS Capital Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!