Common use of Mandatory Contribution Clause in Contracts

Mandatory Contribution. If the Class A Member receives a “Liquidity Event Notice” in respect of an IPO or a Qualified IPO, the Class A Member shall contribute all of its outstanding Class A Units to the Class B Member in connection therewith at the instruction of the Class B Member, pursuant to a Contribution Agreement that is in the form attached hereto as Exhibit B.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Alta Mesa Holdings, LP), Limited Liability Company Agreement (Alta Mesa Holdings, LP)

Mandatory Contribution. If the Class A Member receives a “Liquidity Event Notice” in respect of an IPO or a Qualified IPO, the Class A Member shall contribute all of its outstanding Class A Units to the Class B Member in connection -8- therewith at the instruction of the Class B Member, pursuant to a Contribution Agreement that is in the form attached hereto as Exhibit B.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Alta Mesa Holdings, LP)