Examples of OpCo A&R LLC Agreement in a sentence
SPAC and OpCo shall honor conversions of the Combined Units and SPAC shall deliver the Exchanged Shares in accordance with the terms, conditions and time periods set forth herein and in the OpCo A&R LLC Agreement and the Charter.
The OpCo A&R LLC Agreement and the Charter set forth the totality of the procedures required of the Investor to convert the Combined Units into the Exchanged Shares.
Verde Clean Fuels anticipates that it will account for the income tax effects resulting from future taxable exercises of the exchange rights set forth in the OpCo A&R LLC Agreement by recognizing an increase in deferred tax assets, based on enacted tax rates at the date of each exchange.
Such Seller can bear the economic risk of such Seller’s investment (which such Seller acknowledges may be for an indefinite period) and has such knowledge and experience in financial or business matters that such Seller is capable of evaluating the merits and risks of its investment in the SPAC Class V Common Stock (and the SPAC Class A Common Stock into which the SPAC Class V Common Stock and the Seller OpCo Units may be exchanged into pursuant to the OpCo A&R LLC Agreement).
SPAC agrees to issue additional shares of Class B Common Stock to Seller, and its permitted transferees, upon conversion of the OpCo Preferred Units into Class B Units pursuant to the terms of the OpCo A&R LLC Agreement equivalent to the number of Class B Units issued to Seller upon such conversion.
Except as set forth in the HNRA OpCo A&R LLC Agreement, none of the Pledged Securities are subject to preemptive rights.