Common use of Certain Transfer Restrictions Clause in Contracts

Certain Transfer Restrictions. Any Common Units issued to ▇▇. ▇▇▇▇▇▇▇▇▇▇▇ or ▇▇. ▇▇▇▇▇▇▇▇▇ as Common Unit Consideration or Earn-out Common Unit Consideration (as defined in Section 3.01(b) below), in the aggregate, shall be restricted as to transfer as follows: (i) not more than 20% of any such Common Units until the first annual anniversary of the Closing Date, (ii) not more than 40% of any such Common Units until the second annual anniversary of the Closing Date, (iii) not more than 60% of any such Common Units until the third annual anniversary of the Closing Date, (iv) not more than 80% of any such Common Units until the fourth annual anniversary of the Closing Date and (v) thereafter freely transferable except for restrictions on transfer under the Securities Act.