Subsidiary Public Offering. If, after an initial Public Offering of the common equity securities of one of its Subsidiaries, the Company distributes securities of such Subsidiary to its equityholders, then the rights and obligations of the Company pursuant to this Agreement will apply, mutatis mutandis, to such Subsidiary, and the Company will cause such Subsidiary to comply with such Subsidiary’s obligations under this Agreement as if it were the Company hereunder.
Subsidiary Public Offering. If, after consummation of a Subsidiary Public Offering, the Company distributes securities of such Subsidiary to members of the Company, then such securities will be treated in the same manner as (but excluding any “preferred” features of the Units with respect to which they were distributed) the Units with respect to which they were distributed for purposes of Sections 1, 2, 3, and 4.
Subsidiary Public Offering. If, after an initial public offering of the equity securities of a Subsidiary of the LLC, the LLC distributes securities of such Subsidiary to members of the LLC, then the rights and obligations of the Company pursuant to this Agreement shall apply, mutatis mutandis, to such Subsidiary, and the LLC or the Company, as applicable, shall cause such Subsidiary to comply with such Subsidiary's obligations under this Agreement.
Subsidiary Public Offering. If, after consummation of a Subsidiary Public Offering, the Company distributes securities of such Subsidiary to members of the Company, then such securities will be treated in the same manner as (but excluding any "preferred" features of the units with respect to which they were distributed) the units with respect to which they were distributed for purposes of SECTIONS 1(e), 2, 3, 4, 5, 6 and 7 hereof and, in connection therewith, such Subsidiary may be treated as the Company for purposes of the Company's rights with respect to such securities. * * * * * 30
Subsidiary Public Offering. After an initial public offering of the capital stock or other equity securities of one of its Subsidiaries, the Company, at its election, may cause such Subsidiary to comply with this Agreement as if it were the Company, in which case the Company shall have the rights of the holders of Registrable Securities. If, after an initial public offering of the capital stock or other equity securities of one of its Subsidiaries, the Company distributes securities of such Subsidiary to its equity holders, then the rights of holders hereunder and the obligations of the Company pursuant to this Agreement shall apply, mutatis mutandis, to such Subsidiary. In each case, the Company shall cause such Subsidiary to comply with such Subsidiary’s obligations under this Agreement as if it were the Company and upon request of the holders of a majority of the Summit Investor Registrable Securities shall deliver to the holders of Registrable Securities an instrument expressly assuming such obligations.
Subsidiary Public Offering. If, after an initial public offering of the capital stock or other equity securities of one of its subsidiaries, the Company distributes securities of such subsidiary to its equity holders, then the rights of holders hereunder and the obligations of the Company pursuant to this Agreement shall apply, mutatis mutandis, to such subsidiary, and the Company shall cause such subsidiary to comply with such subsidiary’s obligations under this Agreement. At any time and from time to time upon demand of a Holder of Registrable Securities following an initial public offering of the capital stock or other equity securities of one of its subsidiaries, the Company shall cause either (at the Company’s election in its sole discretion) (i) a liquidation or other distribution of such subsidiary’s securities to the Company’s equityholders in accordance with the Certificate of Incorporation in an amount that will result in the demanding holder of Registrable Securities receiving the lesser of the number of subsidiary securities demanded and the number of subsidiary securities to which such holder is entitled in complete liquidation of the Company or (ii) a redemption, in exchange for such subsidiary’s securities, of a number of the demanding Holder’s Company equity with a value (determined on a liquidation basis without discount) equal to the value of the subsidiary shares so demanded by such holder. In each case, the Company shall cause such subsidiary to comply with such subsidiary’s obligations under this Agreement as if it were the Company and upon request of the Holders of a majority of the Registrable Securities shall deliver to the Holders of Registrable Securities an instrument expressly assuming such obligations.
Subsidiary Public Offering. If there is a Public Offering of the securities of any Subsidiary of the Company, and after such Public Offering the Company distributes securities of such Subsidiary to the holders of the Company’s Securities (whether in liquidation of the Company, dividend or otherwise), such distributed securities shall be deemed to be Securities for purposes of this Agreement and each holder of the Company’s Securities shall be bound by and entitled to the benefits of the terms and conditions of this Agreement in respect of such distributed securities in the same manner as the Company’s Securities held by such holder.
Subsidiary Public Offering. If, after an IPO in which the Registering Entity is a Subsidiary of the Partnership, the Partnership distributes securities of such Subsidiary to unitholders of the Partnership, then the rights and obligations of the Partnership pursuant to this Agreement shall apply, mutatis mutandis, to such Subsidiary, and the Partnership shall cause such Subsidiary to comply with such Subsidiary’s obligations under this Agreement.
Subsidiary Public Offering. If there is a Public Offering of the securities of any Subsidiary of the Company, the Company shall cause such Subsidiary to enter into a registration rights agreement with the parties hereto having terms substantially the same (in respect of such Subsidiary) as are applicable to the Company in this Section 2.
Subsidiary Public Offering. The Company shall not effect an initial Public Offering or Direct Listing of the common equity securities of one of its Subsidiaries, or a SPAC Transaction involving one of its Subsidiaries, without the written consent or affirmative vote of the Requisite Holders (as defined in the Stockholders Agreement of the Company dated as of the date hereof and as in effect as of the date hereof) given in writing or by vote at a meeting, consenting or voting (as the case may be) separately as a class, unless (i) such transaction would have met the requirements to trigger the mandatory conversion of the Series A Preferred Stock in accordance with Section 5.1 of the Charter had such transaction been effected by the Company, and (ii) within ninety (90) days after such an initial Public Offering, Direct Listing or SPAC Transaction, the Company distributes (and in the event such transaction involves an indirect subsidiary, the Corporation causes each of its subsidiaries that hold, directly or indirectly, securities of such subsidiary to distribute) all of the securities of such Subsidiary held directly or indirectly by the Company to the Holders in accordance with Section 2 of the Charter, in which case the rights and obligations of the Company pursuant to this Agreement will apply, mutatis mutandis, to such Subsidiary, and the Company will cause such Subsidiary to comply with such Subsidiary’s obligations under this Agreement as if it were the Company hereunder.
