Common use of Class C Units Clause in Contracts

Class C Units. (a) It is intended that the Company shall maintain at all times a one-to-one correspondence between Class C Units and Class A Units for conversion, distribution and other purposes, including without limitation complying with procedures similar to the procedures applicable to LTIP Units in Section 14.01(a)(i).

Appears in 5 contracts

Sources: Limited Liability Company Agreement (RCS Capital Corp), Limited Liability Company Agreement (RCS Capital Corp), Limited Liability Company Agreement (RCS Capital Corp)