Examples of Exchanging Holder in a sentence
The Company shall provide notice to the Exchanging Holder of its intention to consummate an Exchange through a Cash Exchange Payment on the first Business Day immediately following the receipt of a Notice of Exchange by the Corporation.
In the event it is determined that an Exchanging Holder has received more than it should have otherwise received taking into account any Pass-Thru Tax allocated to such Exchanging Member, any payments made by such Exchanging Holder pursuant to Section 4.01(j) and all Distributions (including Tax Distributions(s)) received by such Exchanging Member, then following notice from the Company, such Exchanging Holder shall promptly pay such amount to the Company.
For the avoidance of doubt, no Exchanging Holder shall be entitled to receive, in respect of a single record date or payment date, both Distributions on a Class B Common Unit comprising the Paired Interest subject to an Exchange and dividends on shares of Deliverable Common Stock received by such Holder in such Exchange.