Contribution and Exchange. (a) Holder hereby agrees that immediately following the conversion of Holder’s Preferred Series A Subclass 1 Unit Account into Class S Ordinary Units as contemplated by Section 1 above, such newly issued Class S Ordinary Units shall automatically be contributed to BCG in exchange for BCG Class B Common Units, without any limitation on such contribution and exchange, with 14,175,586 Class S Ordinary Units being exchanged for 14,175,586 BCG Class B Common Units.
Appears in 2 contracts
Samples: Conversion and Exchange Agreement (Beneficient), Conversion and Exchange Agreement (Beneficient Co Group, L.P.)
Contribution and Exchange. (a) Holder hereby agrees that immediately following the conversion of Holder’s Preferred Series A Subclass 1 Unit Account into Class S Ordinary Units as contemplated by Section 1 above, such newly issued Class S Ordinary Units shall automatically be contributed to BCG in exchange for BCG Class B Common Units, without any limitation on such contribution and exchange, with 14,175,586 1,057,766 Class S Ordinary Units being exchanged for 14,175,586 1,057,766 BCG Class B Common Units.
Appears in 2 contracts
Samples: Conversion and Exchange Agreement (Beneficient Co Group, L.P.), Conversion and Exchange Agreement (Beneficient)
Contribution and Exchange. (a) Holder hereby agrees that immediately following the conversion of HolderXxxxxx’s Preferred Series A Subclass 1 Unit Account into Class S Ordinary Units as contemplated by Section 1 above, such newly issued Class S Ordinary Units shall automatically be contributed to BCG in exchange for BCG Class B A Common Units, without any limitation on such contribution and exchange, with 14,175,586 737,733 Class S Ordinary Units being exchanged for 14,175,586 737,733 BCG Class B A Common Units.
Appears in 2 contracts
Samples: Conversion and Exchange Agreement (Beneficient), Conversion and Exchange Agreement (Beneficient Co Group, L.P.)
Contribution and Exchange. (a) Holder hereby agrees that immediately following the conversion of Holder’s Preferred Series A Subclass 1 Unit Account into Class S Ordinary Units as contemplated by Section 1 above, such newly issued Class S Ordinary Units shall automatically be contributed to BCG in exchange for BCG Class A Common Units and BCG Class B Common Units, without any limitation on such contribution and exchange, with 14,175,586 658,724 Class S Ordinary Units being exchanged for 14,175,586 658,724 BCG Class A Common Units and 79,008 Class S Ordinary Units being exchanged for 79,008 BCG Class B Common Units.
Appears in 2 contracts
Samples: Conversion and Exchange Agreement (Beneficient Co Group, L.P.), Conversion and Exchange Agreement (Beneficient)