Mandatory Exchange. The Managing Member may, with the consent of those Members (other than the Managing Member) holding not less than 75% of the Holdings Units (as such term is defined in the Exchange Agreement) (excluding any Holdings Units held by the Managing Member) require all Members holding Holdings Units to exchange all such units held by them pursuant to the Exchange Agreement.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Global Brokerage Holdings, LLC), Limited Liability Company Agreement (Global Brokerage, Inc.), Limited Liability Company Agreement (FXCM Inc.)
Mandatory Exchange. The Managing Member may, with the consent of those Members (other than the Managing Member) holding not less than 75% of the Holdings LLC Units (as such term is defined in the Exchange Agreement) (excluding any Holdings LLC Units held by the Managing Member) require all Members holding Holdings LLC Units to exchange all such units Units held by them pursuant to the Exchange Agreement.
Appears in 5 contracts
Samples: Operating Agreement (Truett-Hurst, Inc.), Operating Agreement (Truett-Hurst, Inc.), Operating Agreement (Truett-Hurst, Inc.)
Mandatory Exchange. The In addition to any other mandatory exchange rights of the Managing Member set forth in this Agreement, the Managing Member may, with the consent of those Members (other than the Managing Member) holding not less than 75each Member who, together with its Affiliates and Permitted Transferees, beneficially owns at least 1% of the Holdings Units (as such term is defined in the Exchange Agreement) (excluding any Holdings Units held by the Managing Member) outstanding Units, require all Members holding Holdings Units to exchange effect an Exchange of all such units held by them Units pursuant to the Exchange AgreementSection 3.6.
Appears in 2 contracts
Samples: Registration Rights Agreement (Focus Financial Partners Inc.), Operating Agreement (Focus Financial Partners Inc.)
