Rights of Exchangeable Unit Member. On an Exchange Date, all rights of the Exchangeable Unit Member as a holder of the Exchangeable Units and shares of Class B Common Stock that are subject to the Exchange shall cease, and, unless the Company or Managing Member, as applicable, has elected Cash Settlement as to all Exchangeable Units tendered, such Exchangeable Unit Member (or its designee) shall be treated for all purposes as having become the record holder of the shares of Class A Common Stock to be received by the Exchangeable Unit Member in respect of such Exchange.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Zevia PBC), Limited Liability Company Agreement (Zevia PBC), Limited Liability Company Agreement (Viant Technology Inc.)
Rights of Exchangeable Unit Member. On an Exchange Date, all rights of the Exchangeable Unit Member as a holder of the Exchangeable Units and and, if the applicable Exchangeable Units are Class C Units, shares of Class B C Common Stock held by the holder of the Class C Units that are subject to the Exchange Exchange, shall cease, and, unless and the Company Manager shall use commercially reasonable efforts to cause the transfer agent or Managing Member, as applicable, has elected Cash Settlement as registrar of the Manager to all Exchangeable Units tendered, update the stock register of the Manager such that such Exchangeable Unit Member (or its designee) shall be treated for all purposes as having become becomes the record holder of the shares of Class A Common Stock to be received by the Exchangeable Unit Member in respect of such Exchange.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Swiftmerge Acquisition Corp.)
Rights of Exchangeable Unit Member. On an Exchange Date, all rights of the Exchangeable Unit Member as a holder of the Exchangeable Units and shares of Class B Common Stock that are subject to the Exchange shall cease, and, unless the Company or Managing Member, as applicable, Member has elected Cash Settlement as to all Exchangeable Units tendered, such Exchangeable Unit Member (or its designee) shall be treated for all purposes as having become the record holder of the shares of Class A Common Stock to be received by the Exchangeable Unit Member in respect of such Exchange.
Appears in 1 contract
Samples: Limited Liability Company Agreement (GEN Restaurant Group, Inc.)
