Examples of Requisite Series A Preferred Holders in a sentence
Fair Market Value shall be determined by agreement of the Company and the Requisite Series A Preferred Holders.
By written notice to the Company, the Requisite Series A Preferred Holders may elect to rescind the Put Notice at any time with respect to any and all Put Units for which the Put Price has not been paid in full as of the time of such notice.
If the foregoing parties cannot agree on such independent, nationally recognized valuation firm within thirty (30) days following the FMV Determination Date, then the Board, on the one hand, and the Requisite Series A Preferred Holders, on the other hand, each shall select a valuation firm and such valuation firms in turn shall select a third valuation firm the appraisal of which shall be controlling.
Upon the written consent of the Requisite Series A Preferred Holders, all Series A Preferred Units shall, automatically and without any action on the part of the Holders thereof or the Company, be converted into Common Units.
The Board may appoint one or more committees (each, a “Committee”), each such Committee consisting of two (2) or more Managers; provided, however, that except as otherwise waived in writing by the Requisite Series A Preferred Holders, each such Committee shall include at least one (1) Series A Manager.
If the Company and the Requisite Series A Preferred Holders fail to reach agreement on the Fair Market Value within ten (10) Business Days following the date on which such determination is required to be made pursuant to this Agreement (the “FMV Determination Date”), then the value shall be determined by an independent, nationally recognized valuation firm selected by the Company and the Requisite Series A Preferred Holders.
At any time from and after the Put Right Commencement Date, upon written notice (the “Put Notice”) to the Company, the Requisite Series A Preferred Holders may elect to require the Company to purchase, out of funds lawfully available therefor, all (but not less than all) of the outstanding Series A Preferred Units (the “Put Right”).
A conversion of Series A Preferred Units pursuant to this Section 2.1(c)(ii) shall be effective as of the close of business on the second business day after the Company’s receipt of the written consent of the Requisite Series A Preferred Holders, provided that such written consent may provide that the conversion be conditioned upon, and be effective as of, the occurrence of an event specified in such written consent.