Class D Member definition
Examples of Class D Member in a sentence
New PubCo will assume all of the rights and obligations of Old PubCo under the Second Amended and Restated Stockholders Agreement dated December 16, 2017 and as amended as of August 2, 2019, by and among Old PubCo, Opco, AP Class D Member, LLC, AP Class E Member, LLC and AH PPU Management, LLC (the “Stockholders Agreement”).
Each Class D Member shall have ten (10) Business Days after receipt of such notice to submit a written notice (a “Class D Exercise Notice”) to the Partnership.
The Class D Exercise Notice shall set forth the portion of the Limited Partner Interests that such Class D Member elects to purchase.
Simultaneously with any such conversion, the applicable Class R-D Member will automatically and without any action on the part of such Class R-D Member or any other Person be admitted to the Company as a Class D Member and shall cease to be a Class R-D Member.
The Partnership shall give prompt written notice of the Partnership’s proposal to issue Limited Partner Interests (other than (i) Series A PIK Preferred Units, Series B PIK Units, Series C PIK Preferred Units or Series E PIK Preferred Units or (ii) Limited Partner Interests purchased by the General Partner pursuant to Section 5.2 or 5.8(a)) to the Class A Member or any of its Affiliates to each Class D Member.