Conversion of Convertible Notes. Prior to the Split, the outstanding Convertible Notes held by CRI shall automatically convert into 2,318,413 Class A Units, which shall be approximately 37,055,002 Class A Units, after giving effect to the Split. After the closing of the Transaction, CRI shall hold all the Class A Voting Units of the Company, and CRI shall be the sole voting member of the Company, except with respect to Mandatory Voting Rights.
Appears in 2 contracts
Sources: Securities Exchange Agreement, Securities Exchange Agreement