Common use of Redeemed Units Clause in Contracts

Redeemed Units. The Redemption Notice shall specify the number of Class X Umbrella Units (the “Redeemed Units”) that the Redeeming Member intends to have the Company redeem. If such Redeeming Member is a Permitted Redeeming Transferee, the Class X Umbrella Units that the Permitted Redeeming Transferee receives from Aggregator shall be deemed such Permitted Redeeming Transferee’s Redeemed Units.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Andersen Group Inc.), Limited Liability Company Agreement (Andersen Group Inc.)