Contribution of the Company Sample Clauses

Contribution of the Company. In connection with any Exchange between a Partnership Unitholder and the Partnership, the Company shall contribute to the Partnership the shares of Class A Common Stock or Cash Settlement that the Partnership Unitholder is entitled to receive in such Exchange. Unless the Partnership Unitholder has timely delivered a Retraction Notice as provided in Section 1.1(a)(i)(E), on the Exchange Date (to be effective immediately prior to the close of business on the Exchange Date) (i) the Company shall make a capital contribution to the Partnership (in the form of the shares of Class A Common Stock or the Cash Settlement that the Partnership Unitholder is entitled to receive in such Exchange) required under this Section 2.6 and (ii) the Partnership shall issue to the Company a number of Class A Units equal to the number of Exchangeable Units surrendered by the Partnership Unitholder. The timely delivery of a Retraction Notice shall terminate all of the Partnership’s and the Company’s rights and obligations under this Section 2.6 arising from the Exchange Notice.
AutoNDA by SimpleDocs
Contribution of the Company. At the Closing and subject to the terms and conditions contained in this Agreement, the Contributor shall contribute, transfer, assign, convey and deliver to the Operating Partnership, absolutely and unconditionally, and free and clear of all Liens (other than Permitted Liens), all of its right, title and interest to the Membership Interest in the Company. 2.2
Contribution of the Company. In connection with any Exchange between an LLC Unitholder and the LLC (other than in connection with a cash Exchange effected pursuant to Section 2.1(c)(ii)), the Company shall contribute to P10 Holdings who in turn shall contribute to the LLC the shares of Class A Common Stock the LLC Unitholder is entitled to receive in such Exchange. On the Exchange Date (to be effective immediately prior to the close of business on the Exchange Date), if applicable, the Company shall contribute to P10 Holdings any Class A Units that it receives from the LLC Unitholder in the Exchange, and such Class A Units shall automatically convert into Class B Units by operation of the LLC Agreement.
Time is Money Join Law Insider Premium to draft better contracts faster.