Examples of Class D Units in a sentence
This Agreement shall remain in effect (i) as to the Partnership and the Company, until the date on which no Class D Units remain outstanding and there exist no rights to acquire Exchangeable Units, and (ii) as to any Partnership Unitholder, until the date such Partnership Unitholder no longer holds or has any right to acquire Exchangeable Units.
The undersigned, having acquired shares of Class D Units, hereby joins and enters into the Agreement.
Without limiting the foregoing, the Company agrees that under applicable securities law and “no action” letters in effect as of the date of this Agreement that the holding period under Rule 144(d) with respect to any shares of Class A Common Stock issued to be in exchange for Class D Units hereunder shall be deemed to have commenced upon the initial issuance date of such Class D Units.
No split, dividend, combination, reclassification, recapitalization, reorganization or other similar transaction shall occur with respect to the Class D Units unless the same split, dividend, combination, reclassification, recapitalization, reorganization or similar transaction occurs simultaneously with respect to all other classes of Units, unless otherwise approved by the holders of a majority of the then outstanding Class D Units.