Examples of OpCo Operating Agreement in a sentence
The OpCo Membership Interests are validly issued and have not been issued in violation of, and, except as set forth in the OpCo Operating Agreement are not subject to, any preemptive or subscription rights, rights of first refusal, purchase option, call option or similar rights.
For the avoidance of doubt, the preceding sentence shall apply to transfers, redemptions or exchanges of Interests made by the Investor pursuant to the governing documents of OpCo (including the rights of redemption and exchange in the OpCo Operating Agreement).
As used herein, “Rollover Interests” shall mean a number of Interests that are outstanding and vested Shares of the Company without any restrictions on such Shares or Units of OpCo (as defined in the OpCo Operating Agreement) with a value equal to $37,187,970 (based on the applicable Merger Consideration).