Common use of Class B Common Units Clause in Contracts

Class B Common Units. On the date hereof, the Company issued the Class B Common Units, following and conditioned upon the consummation of the Parent Cash Contribution (as defined in the Investment Agreement) in accordance with the Contribution Agreement (as defined in the Investment Agreement), to the Class B Member in the amount set forth on the Members Schedule.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (ContextLogic Inc.), Limited Liability Company Agreement (ContextLogic Inc.)