Common use of Exchange Restrictions Clause in Contracts

Exchange Restrictions. (a) Notwithstanding anything to the contrary contained herein, Vine Investment shall not be entitled to exchange Class B Units and shares of Class B Common Stock, and the Issuer and Vine Holdings shall have the right to refuse to honor any request for exchange of Class B Units and Class B Common Stock, if such exchange would be prohibited under applicable law or regulation.

Appears in 2 contracts

Samples: Form of Exchange Agreement (Vine Resources Inc.), Form of Exchange Agreement (Vine Resources Inc.)

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Exchange Restrictions. (a) Notwithstanding anything to the contrary contained herein, Vine no Investment Entity shall not be entitled to exchange Class B Units and shares of Class B Common Stock, and the Issuer and Vine Holdings shall have the right to refuse to honor any request for exchange of Class B Units and Class B Common Stockan Exchange, if such exchange Exchange would be prohibited under applicable law or regulation.

Appears in 2 contracts

Samples: Form of Exchange Agreement (Vine Energy Inc.), Exchange Agreement (Vine Energy Inc.)

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