Reorganization Transactions. (a) Effective immediately prior to the Effective Time, (i) the Existing LLC Agreement shall be amended and restated and this Agreement shall be adopted and (ii) all of the membership interests in the Company prior to the adoption of this Agreement shall be recapitalized to consist solely of a single class of Units with the rights and privileges as set forth in this Agreement and each Member will receive its pro rata share of such Units in accordance with the Master Reorganization Agreement and the right to receive the Class B Shares pursuant to Section 3.1(c).
Appears in 5 contracts
Samples: Limited Liability Company Agreement (OneWater Marine Inc.), Limited Liability Company Agreement (OneWater Marine Inc.), Limited Liability Company Agreement (Brigham Minerals, Inc.)
