Common use of Contribution and Exchange Clause in Contracts

Contribution and Exchange. (a) Holder hereby agrees that immediately following the conversion of Xxxxxx’s Preferred Series A Subclass 1 Unit Account into Class S Ordinary Units as contemplated by Section 1 above, such newly issued Class S Ordinary Units shall automatically be contributed to BCG in exchange for BCG Class A Common Units, without any limitation on such contribution and exchange, with 737,733 Class S Ordinary Units being exchanged for 737,733 BCG Class A Common Units.

Appears in 2 contracts

Samples: Conversion and Exchange Agreement (Beneficient), Conversion and Exchange Agreement (Beneficient Co Group, L.P.)

AutoNDA by SimpleDocs

Contribution and Exchange. (a) Holder hereby agrees that immediately following the conversion of XxxxxxHolder’s Preferred Series A Subclass 1 Unit Account into Class S Ordinary Units as contemplated by Section 1 above, such newly issued Class S Ordinary Units shall automatically be contributed to BCG in exchange for BCG Class A B Common Units, without any limitation on such contribution and exchange, with 737,733 14,175,586 Class S Ordinary Units being exchanged for 737,733 14,175,586 BCG Class A B Common Units.

Appears in 2 contracts

Samples: Conversion and Exchange Agreement (Beneficient), Conversion and Exchange Agreement (Beneficient Co Group, L.P.)

Contribution and Exchange. (a) Holder hereby agrees that immediately following the conversion of XxxxxxHolder’s Preferred Series A Subclass 1 Unit Account into Class S Ordinary Units as contemplated by Section 1 above, such newly issued Class S Ordinary Units shall automatically be contributed to BCG in exchange for BCG Class A Common Units and BCG Class B Common Units, without any limitation on such contribution and exchange, with 737,733 658,724 Class S Ordinary Units being exchanged for 737,733 658,724 BCG Class A Common Units and 79,008 Class S Ordinary Units being exchanged for 79,008 BCG Class B Common Units.

Appears in 2 contracts

Samples: Conversion and Exchange Agreement (Beneficient), Conversion and Exchange Agreement (Beneficient Co Group, L.P.)

AutoNDA by SimpleDocs

Contribution and Exchange. (a) Holder hereby agrees that immediately following the conversion of XxxxxxHolder’s Preferred Series A Subclass 1 Unit Account into Class S Ordinary Units as contemplated by Section 1 above, such newly issued Class S Ordinary Units shall automatically be contributed to BCG in exchange for BCG Class A B Common Units, without any limitation on such contribution and exchange, with 737,733 1,057,766 Class S Ordinary Units being exchanged for 737,733 1,057,766 BCG Class A B Common Units.

Appears in 2 contracts

Samples: Conversion and Exchange Agreement (Beneficient), Conversion and Exchange Agreement (Beneficient Co Group, L.P.)

Time is Money Join Law Insider Premium to draft better contracts faster.