Common use of Forfeited Units Clause in Contracts

Forfeited Units. Notwithstanding anything to the contrary in Section 4.1(a), in the event that any Class C Units that were outstanding as of the date hereof are subsequently forfeited ("Forfeited Units"), then the allocation and amount of any Distribution to be made under this Article IV shall be adjusted so that solely the Non-CABO Investor Units (including for this purpose (i) any Units held by a Blocker Corporation that are not beneficially owned by the CABO Investor and (ii) applicable payments under the LTIP) receive any amounts in such Distribution that the Forfeited Units would have received if they had been outstanding and vested as of the time of such Distribution.

Forfeited Units. Notwithstanding anything to the contrary in Section 4.1(a), in the event that any Class C Units that were outstanding as of the date hereof November 12, 2020 are subsequently forfeited ("Forfeited Units"), then the allocation and amount of any Distribution to be made under this Article IV shall be adjusted so that solely the Non-CABO Investor Units (including for this purpose (i) any Units held by a Blocker Corporation that are not beneficially owned by the CABO Investor and (ii) applicable payments under the LTIP) receive any amounts in such Distribution that the Forfeited Units would have received if they had been outstanding and vested as of the time of such Distribution.