Examples of Class A Common Unit in a sentence
If, as a result of an exchange pursuant to the Exchange Agreement, Och-Ziff or any of its Subsidiaries (excluding any Operating Group Entity and any Subsidiary of an Operating Group Entity) acquires (in any manner) any Class A Common Units, each such Class A Common Unit will automatically convert into one Class B Common Unit, unless otherwise determined or cancelled.
For situations for which the approval of the Members is required by this Agreement or by applicable law, the holders of Class A Common Units and Class B Units shall be entitled to vote on matters requiring a vote of the Members, and each Class A Common Unit and Class B Unit shall be entitled to one (1) vote on matters requiring a vote of the Members.
For avoidance of doubt, this Section 8.27 shall not prevent the Authority from prepaying Loans in immediately available funds pursuant to and in accordance with the terms hereof.
Subject to Sections 3.1(d) and (f) and Section 3.4, each Class A Common Unit issued and outstanding as of immediately prior to the Effective Time shall be converted into the right to receive $8.00 per Class A Common Unit in cash without any interest thereon (the “Merger Consideration”).
No Class A Common Unit Certificate shall be valid for any purpose until it has been countersigned by the Transfer Agent; provided, however, that the Units may be certificated or uncertificated as provided in the Delaware Act.