OpCo Units definition
Examples of OpCo Units in a sentence
To the extent any Loan Party redeems any OpCo Units and the Redemption Class A Shares to be received from such redemption are pledged to Administrative Agent, such Loan Party shall cause OpCo and Issuer to execute and deliver, currently with such redemption, an additional issuer consent with respect to such Redemption Class A Shares in form and substance reasonably satisfactory to Administrative Agent.
Directly or indirectly, engage in any activity other than (i) holding Class A Shares, Class B Share, Class C Shares and the OpCo Units, and activities incidental thereto or otherwise contemplated herein and (ii) performing its obligations under the Margin Loan Documentation and the transactions contemplated hereby or thereby.
Without limiting the requirements in Section 2.08(b), exercise any Redemption Rights with respect to any OpCo Units pledged by such Loan Party to Administrative Agent pursuant to the Pledge Agreement without the prior written consent Administrative Agent.
Effective immediately after the Merger Effective Time, each Electing Holder hereby contributes, transfers, assigns and conveys all of its OpCo Units (the “Exchanged Units”) to New PubCo, and New PubCo hereby accepts such Exchanged Units, in exchange for the issuance by New PubCo to such Electing Holder of the number of New PubCo Class A Shares set forth opposite such Electing Holder’s name on Schedule II hereto.