Ownership thresholds. With respect to any provision of the Agreement which provides for the determination of an Investor Group's beneficial ownership percentage of Class A Units relative to such Investor Group's Initial Equity Stake, such Investor Group's number of "Class A Units" shall be deemed to include both (a) the number of Class A Units that such Investor Group owns and (b)a number of Class A Units having a value equivalent to that of the number of Common Shares owned by such Investor Group (calculated based on the price per Class A Unit most recently determined by the Board or the pricing committee of the Board).
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Nalco Finance Holdings LLC), Limited Liability Company Agreement (Nalco Energy Services Middle East Holdings, Inc.)
Ownership thresholds. With respect to any provision of the Agreement which provides for the determination of an Investor Group's ’s beneficial ownership percentage of Class A Units relative to such Investor Group's ’s Initial Equity Stake, such Investor Group's ’s number of "‘‘Class A Units" ’’ shall be deemed to include both (a) the number of Class A Units that such Investor Group owns and (b)a number of Class A Units having a value equivalent to that of the number of Common Shares owned by such Investor Group (calculated based on the price per Class A Unit most recently determined by the Board or the pricing committee of the Board).
Appears in 1 contract
Sources: Limited Liability Company Agreement (Nalco Holding CO)