APOLLO OPERATING GROUP. Upon the formation after the date hereof of a new Apollo Principal Entity that becomes a member of the Apollo Operating Group and in which AP Professional Holdings, L.P. holds an interest, the Purchaser covenants that it shall cause such new Apollo Principal Entity to issue to the Holder a number of AOG Units of such new Apollo Principal Entity equal to the product of (a) the total number of AOG Units of such new Apollo Principal Entity and (b) the percentage of each other Apollo Principal Entity then owned by the Holder.
Appears in 4 contracts
Samples: Liquidity Agreement (Athene Holding LTD), Liquidity Agreement (Apollo Global Management, Inc.), Transaction Agreement (Apollo Global Management, Inc.)
