Distribution Rights. No Exchange shall impair the right of the Exchanging Member to receive any distributions payable on the Common Units redeemed pursuant to such Exchange in respect of a record date that occurs prior to the Exchange Date for such Exchange. No Exchanging Member, or a Person designated by an Exchanging Member to receive shares of Class A Common Stock, shall be entitled to receive, with respect to such record date, distributions or dividends both on Common Units redeemed by the Company from such Exchanging Member and on shares of Class A Common Stock received by such Exchanging Member, or other Person so designated, if applicable, in such Exchange.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (Roth CH Acquisition III Co), Business Combination Agreement (CC Neuberger Principal Holdings I), Limited Liability Company Agreement (E2open Parent Holdings, Inc.)
Distribution Rights. No Exchange shall impair the right of the Exchanging Member to receive any distributions Distributions payable on the Class A Common Units redeemed pursuant to such Exchange in respect of a record date that occurs prior to the Exchange Date for such Exchange. No Exchanging Member, or a Person designated by an Exchanging Member to receive shares of Class A Common Stock, shall be entitled to receive, with respect to such record date, distributions Distributions or dividends both on Class A Common Units redeemed by the Company from such Exchanging Member and on shares of Class A Common Stock received by such Exchanging Member, or other Person so designated, if applicable, in such Exchange.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Direct Digital Holdings, Inc.), Company Agreement (BlueRiver Acquisition Corp.), Limited Liability Company Agreement (Rani Therapeutics Holdings, Inc.)
Distribution Rights. No Exchange shall impair the right of the Exchanging Member to receive any distributions payable on the Class A Common Units redeemed pursuant to such Exchange in respect of a record date that occurs prior to the Exchange Date for such Exchange. No Exchanging Member, or a Person designated by an Exchanging Member to receive shares of Class A Common Stock, shall be entitled to receive, with respect to such record date, distributions or dividends both on Class A Common Units redeemed by the Company from such Exchanging Member and on shares of Class A Common Stock received by such Exchanging Member, or other Person so designated, if applicable, in such Exchange.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Redbox Entertainment Inc.), Limited Liability Company Agreement (Dutch Bros Inc.), Limited Liability Company Agreement (Dutch Bros Inc.)
Distribution Rights. No Exchange shall impair the right of the Exchanging Member to receive any distributions payable on the Common Units redeemed pursuant to such Exchange in respect of a record date that occurs prior to the Exchange Date for such Exchange. No Exchanging Member, or a Person designated by an Exchanging Member to receive shares of Class A Common Stock, shall be entitled to receive, with respect to such record date, distributions or dividends both on Common Class B Units redeemed by the Company from such Exchanging Member and on shares of Class A Common Stock received by such Exchanging Member, or other Person so designated, if applicable, in such Exchange.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Appreciate Holdings, Inc.), Business Combination Agreement (Proptech Investment Corp. Ii)
Distribution Rights. No Exchange shall impair the right of the Exchanging an Exchange Member to receive any distributions payable on the Common any Units redeemed pursuant to such Exchange in respect of a record date that occurs prior to the Exchange Date for such Exchange. No Exchanging Member, or a Neither an Exchange Member nor any Person designated by an Exchanging Exchange Member to receive shares of Class A Common Stock, Stock shall be entitled to receive, with respect to such record date, distributions or dividends both on Common any Units redeemed by the Company from such Exchanging an Exchange Member and on shares of Class A Common Stock received by such Exchanging Member, an Exchange Member or other Person so designated, if applicable, in such Exchange.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Wheels Up Experience Inc.)
