Examples of Blue Owl Carry Common Units in a sentence
No Transfer of shares of Class C Common Stock or Class D Common Stock may be made, unless such Transferor also Transfers an equal number of Blue Owl Holdings Common Units and Blue Owl Carry Common Units (as applicable) to the applicable Transferee in accordance with the terms and conditions of the Blue Owl Holdings A&R LPA and Blue Owl Carry A&R LPA, as applicable.
As of October 13, 2021: (i) the issued and outstanding partnership interests of Blue Owl Holdings consist of 965,541,610 Blue Owl Holdings Common Units and 327,500,690 GP Units (as defined in the Blue Owl Holdings LP Agreement); and (ii) the issued and outstanding partnership interests of Blue Owl Carry consist of 965,541,610 Blue Owl Carry Common Units and 327,500,690 GP Units (as defined in the Blue Owl Carry LP Agreement).
A) Blue Owl Holdings shall issue to the General Partner a number of Blue Owl Holdings GP Units equal to the number of Blue Owl Holdings Common Units surrendered pursuant to Section 2.2(c)(ii), and (B) Blue Owl Carry shall issue to the General Partner a number of Blue Owl Carry GP Units equal to the number of Blue Owl Carry Common Units surrendered pursuant to Section 2.2(c)(ii).
In connection with a Valid Company Group Rollover Election delivered by a Company Group Holder, the Blue Owl Carry Common Units received by such Company Group Holder in the Merger shall be deemed to be the result of a cash payment of the Relevant Value in respect of such Blue Owl Carry Common Units to such Company Group Holder and a purchase of such Blue Owl Carry Common Units from Blue Owl Carry by such Company Group Holder for such Relevant Value.
Blue Owl Carry shall (A) cancel the redeemed Blue Owl Carry Common Units that were a part of the Exchanged Securities held by the Exchanging Partner and (B) transfer to the Exchanging Partner its Allocation Percentage of the Cash Exchange Payment and/or the Stock Exchange Payment, as applicable.