LLC Units definition
Examples of LLC Units in a sentence
For the avoidance of doubt, the Company LLC Units Redemptions, the Class G Conversions and the Issuance shall not be effective if the Mergers are not consummated in accordance with the terms hereof.
It is understood and agreed that, in each case, such assignment not (i) affect the obligations of the parties to the Equity Commitment Letters or to the Guarantees, or (ii) materially impede or materially delay the consummation of the Mergers or otherwise materially impede the rights of the holders of shares of Company Stock, Company Equity Awards and Company LLC Units pursuant to this Agreement.
Immediately prior to the Company LLC Units Redemptions, the Rollover Units and the Class A Rollover Shares shall be contributed to Parent pursuant to the terms of the Support Agreement.
The Company LLC Units Redemptions shall have occurred in accordance with the terms of Section 1.1 and effective as of immediately prior to the LLC Merger Effective Time.
Other than the Company LLC Units owned by the Other Company LLC Members, each outstanding Equity Interest of each Company Subsidiary is owned 100% by the Company or another Company Subsidiary free and clear of all Liens (other than Permitted Liens), options, rights of first refusal and limitations on the Company’s or any Company Subsidiary’s voting or transfer rights other than transfer restrictions under applicable securities Laws and their respective organizational documents.