Examples of Purchaser Units in a sentence
For any matter on which the Company may vote in its capacity as a member of Bruin Purchaser, the Managing Member shall vote all Bruin Purchaser Units the Company holds on any such matter as directed by the Members holding Class A Units in accordance with their respective Percentage Interests.
A Member’s interest in the Bruin Purchaser Units held by the Company shall be represented by the Class A Units set forth opposite such Member’s name on Exhibit A (the “Class A Units”); provided, that for the avoidance of doubt, it is the intention of the Members that the number of Class A Units outstanding at any time and the Members’ respective ownership of such shall represent, to the extent practicable, the Bruin Purchaser Units that the Company holds on a one for one basis.
Without the consent or approval of any Member, the Company shall issue Class A Units to or for the account of the Person making the Exchange in exchange for the delivery to the Company of a number of Bruin Purchaser Units that is equal to the number of Bruin Purchaser Units surrendered by an Exchanging Person.
The Managing Member may not be removed so long as the Company holds any Bruin Purchaser Units.
The purpose for which the Company is organized is (i) to acquire and hold Bruin Purchaser Units and any matters incidental thereto and (ii) any other activities that may be lawfully conducted by a limited liability company under the Act.