Seventh Anniversary Date definition
Examples of Seventh Anniversary Date in a sentence
The Company may redeem any Class 1 Units that have been validly put to the Company in accordance with Section 5 herein at any time after the Board of Managers has held the meeting required by Section 5.6 herein and has determined to continue the Company’s operations beyond the Seventh Anniversary Date (herein, “Early Redemptions”).
Each Common Unit Holder owning Common Units as of the Fifth Anniversary Date (the "PUT RIGHT RECORD DATE") will have the right (the "PUT RIGHT") to require the Company to redeem some or all such Member's Common Units for the Exercise Price (defined below) on the Seventh Anniversary Date.
From the Closing until the Seventh Anniversary Date, Seller shall, and the Class A Owners shall cause Seller to, not dispose of or permit the disposal of any such books and records not required to be retained under such policies without first giving sixty (60) calendar days’ prior written notice to Federated Hermes offering to surrender the same to Federated Hermes (or Federated Hermes’ designated Affiliates) at Federated Hermes’ expense.
If a sufficient number of holders of Class 1 Units exercise their Put Rights, the continued operation of the Company beyond the Seventh Anniversary Date may not be reasonably feasible.
Each Common Unit Holder owning Common Units as of the Fifth Anniversary Date (the “Put Right Record Date”) will have the right (the “Put Right”) to require the Company to redeem some or all such Member’s Common Units for the Exercise Price (defined below) on the Seventh Anniversary Date.