Common use of Class A Common Stock to be Issued Clause in Contracts

Class A Common Stock to be Issued. Parent shall at all times reserve and keep available out of its authorized but unissued Class A Common Stock, solely for the purpose of issuance upon a Redemption, such number of shares of Class A Common Stock as shall be deliverable upon any such Redemption; provided, that nothing contained herein shall be construed to preclude the Company from satisfying its obligations in respect of the Redemption of the Common Units by delivery of shares of Class A Common Stock which are held in the treasury of Parent or the Company or any of their subsidiaries or by delivery of purchased shares of Class A Common Stock (which may or may not be held in the treasury of Parent or any subsidiary thereof). Parent and the Company covenant that all Class A Common Stock issued upon an Redemption will, upon issuance, be validly issued, fully paid and non-assessable.

Class A Common Stock to be Issued. Parent (a) IPO Corp shall at all times reserve and keep available out of its authorized but unissued Class A Common Stock, solely for the purpose of issuance upon a Redemptionan Exchange, such number of shares of Class A Common Stock as shall be deliverable upon any such RedemptionExchange; provided, provided that nothing contained herein shall be construed to preclude the Company from satisfying its obligations in respect of the Redemption Exchange of the Common Class B Units by delivery of shares of Class A Common Stock which are held in the treasury of Parent IPO Corp or are held by the Company or any of their its subsidiaries or by delivery of purchased shares of Class A Common Stock (which may or may not be held in the treasury of Parent IPO Corp or held by any subsidiary thereofof the Company). Parent IPO Corp and the Company covenant that all Class A Common Stock issued upon an Redemption Exchange will, upon issuance, be validly issued, fully paid and non-assessable.