Common use of Repurchased Units Clause in Contracts

Repurchased Units. Any Units issued pursuant to this Agreement which are subsequently held by the Company as a result of any repurchase of such Units by the Company or otherwise, shall not be considered outstanding Units for any purpose hereunder, including any Class A Management Units and Class B Management Units allocated to the Pool. Any Management Units repurchased by the Company shall be reallocated to the Pool; PROVIDED that any Management Units repurchased by the Company may only be subsequently reissued for a purchase price equal to or greater than the consideration received in connection with such repurchase.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Stein Avy H)

Repurchased Units. Any Units issued pursuant to this Agreement which ----------------- are subsequently held by the Company as a result of any repurchase of such Units by the Company or otherwise, shall not be considered outstanding Units for any purpose hereunder, including any Class A Management Units and Class B Management Units allocated to the Pool. Any Management Units repurchased by the Company shall be reallocated to the Pool; PROVIDED provided that any Management Units repurchased -------- by the Company may only be subsequently reissued for a purchase price equal to or greater than the consideration received in connection with such repurchase.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Stein Avy H)