IPO Restructuring Clause Samples

IPO Restructuring. The Holdings Board may, without any requirement for consent of any member, at any time determine to effect an IPO. If the Holdings Board determines to effect an IPO, the Holdings Board and the Investors will cooperate in good faith prior to the IPO to cause the IPO to be effected in a tax-efficient manner (and so that the holders of each class or series of equity interests are provided with the same pro rata treatment with respect to their ownership of such class or series as the other holders of such class or series, subject to any differences in the securities), which could include the restructuring of the limited liability company or the dissolution of the limited liability company or the exchange of the Investors’ equity interests in Holdings for equity interests in a subsidiary of Holdings whose securities would be listed and sold to the public. Each Investor shall take all actions reasonably requested by the Board in its capacity as a security holder of Holdings or any such other entity to effect the IPO.