Common use of Distribution and Redemption Clause in Contracts

Distribution and Redemption. Subject to the terms herein set forth, the Exchanging Member hereby sells, conveys, assigns and transfers to the Company the number of Vested Common Units that correspond to the number of Attributable Securities exchangeable into the number of Requested Shares set forth under the Exchanging Member’s signature on the signature pages hereto, and in redemption of such Vested Common Units the Company hereby conveys, assigns and transfers the Attributable Securities that correspond to such Vested Common Units to the Exchanging Member. All Vested Common Units transferred to the Company pursuant to this Section 2.1 shall be deemed cancelled in full redemption thereof without any further consideration being paid to such Vested Common Units other than amounts (if any) actually paid to the Company under the Tax Receivable Agreement in respect of the Attributable Securities corresponding to such Vested Common Units.