Examples of Class A Voting Units in a sentence
The number of Company Class A Voting Units being sold by each Seller and the number of Exchange Shares to be received in consideration therefor is set forth on Schedule 2.1 hereto.
Upon delivery of the Appleton Class A Voting Units pursuant to this Agreement, Buyer shall have good title to such Units free and clear of any Liens, other than any restrictions under the Securities Act, any state “blue sky” Securities Laws, the Appleton LLC Agreement or this Agreement and other than arising as a result of any Contractual obligations of Buyer.
In addition, the Company shall issue such additional New Crumbs Class A Voting Units to the Class A Holder as required pursuant to Section 3.4(b) and/or the Exchange Agreement (each such issuance a “Required Class A Issuance” and together with the Required Class B Issuances, the “Required Issuances”).
Holders of Class A Voting Units shall vote together with all other classes entitled to vote at any annual or special meeting of the Members and not as a separate class except as otherwise provided by law and may act by written consent.
All action on the part of the Company and its Managing Members, officers and members necessary for the authorization, execution and delivery of the Agreements by the Company, the transfer of the 10% Membership Interest to Buyer, the conversion of the Class B Non-Voting Units to Class A Voting Units, the admission of Buyer as a member of the Company, and the performance of all of the Company’s obligations under the Agreements has been taken or will be taken prior to Closing.
The number of authorized Units of any of the Class A Voting Units or Class B Nonvoting Units may be increased or decreased (but not below the number of Units then outstanding) by the Manager.
Class A Voting Units are not subject to exchange into Pubco Shares.
Parent’s capital account with respect to the newly issued New Crumbs Class A Voting Units shall be equal to the capital account of the cancelled New Crumbs Class B Exchangeable Units.
At any time a share of Common Stock is redeemed, repurchased, acquired, cancelled or terminated by the Class A Holder, one Appleton Class A Voting Unit registered in the name of the Class A Holder will hereby automatically be cancelled for no consideration by the Company so that the number of Appleton Class A Voting Units held by the Class A Holder at all times equals the number of shares of Common Stock outstanding.
As contemplated by, and consistent with, the Exchange Agreement, at all times the Company shall have issued and outstanding the same number of Appleton Class A Voting Units as the number of shares of Common Stock that are issued and outstanding.