Common use of Repurchase or Redemption of Class A Shares Clause in Contracts

Repurchase or Redemption of Class A Shares. If, at any time, any Class A Shares are repurchased or redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by WIND for cash, then the Managing Member shall cause the Company, concurrently with such repurchase or redemption of Class A Shares, to redeem a corresponding number of Series A Membership Interests held by WIND (determined based upon the Exchange Rate then in effect), at an aggregate redemption price equal to the aggregate purchase or redemption price of the Class A Share or Class A Shares being repurchased or redeemed by WIND (plus any expenses related thereto) and upon such other terms as are the same for the Class A Share or Class A Shares being repurchased or redeemed by WIND.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (First Wind Holdings Inc.), Limited Liability Company Agreement (First Wind Holdings Inc.)

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Repurchase or Redemption of Class A Shares. If, at any time, any Class A Shares are repurchased or redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by WIND HII for cash, then the Managing Member shall cause the Company, concurrently with immediately prior to such repurchase or redemption of Class A Shares, to redeem a corresponding number of Series A Membership Interests held by WIND HII (determined based upon the Exchange Rate then in effect), at an aggregate redemption price equal to the aggregate purchase or redemption price of the Class A Share or Class A Shares being repurchased or redeemed by WIND HII (plus any expenses related thereto) and upon such other terms as are the same for the Class A Share or Class A Shares being repurchased or redeemed by WINDHII.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Health Insurance Innovations, Inc.), Limited Liability Company Agreement (Health Insurance Innovations, Inc.)

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