Common use of REDEMPTIONS AND FORFEITURES Clause in Contracts

REDEMPTIONS AND FORFEITURES. Section 11.1 Company Option to Redeem Class A Units and Vested Class B Units. 19 Section 11.2 Forfeiture of Class B Units. 20 Section 11.3 Option of Service Members to Redeem Units. 21 Section 11.4 Mandatory Redemption. 22 Section 11.5 Redemption Mechanics. 22 Section 11.6 Limitation on Distributions. 23 Section 11.7 Effect on Status. 23 Section 11.8 431 Election for Class A Units. 23 Section 12.1 Dissolving Events. 24 Section 12.2 Dissolution and Winding-Up. 24 Section 12.3 Distributions in Cash or in Kind. 25 Section 12.4 Termination. 25 Section 12.5 Claims of the Members. 25 Section 13.1 Definitions. 25 Section 14.1 No Conflict with the Plan. 32 Section 14.2 Amendments. 32 Section 14.3 Certain Tax Matters. 32 Section 14.4 Notices. 32 Section 14.5 Governing Law. 33 Section 14.6 Waiver of Jury Trial. 33 Section 14.7 Waiver of Partition. 33 Section 14.8 Severability. 33 Section 14.9 Headings, etc. 33 Section 14.10 Entire Agreement. 34 Section 14.11 Counterparts. 34 Section 14.12 Further Actions. 34 Section 14.13 Power of Attorney. 34 This Amended and Restated Limited Liability Company Agreement of WMG Management Holdings, LLC, dated as of December 4, 2013, is entered into by the Company, AI Entertainment Management, LLC (the “Managing Member”) and the Persons listed on Schedule A attached hereto, as the same may be amended from time to time (the “Members”).

REDEMPTIONS AND FORFEITURES. Section 11.1 Company Option to Redeem Class A Units and Vested Class B Units. 19 Section 11.2 Forfeiture of Class B Units. 20 Section 11.3 Option of Service Members to Redeem Units. 21 Section 11.4 Mandatory Redemption. 22 Section 11.5 Redemption Mechanics. 22 Section 11.6 Limitation on Distributions. 23 Section 11.7 Effect on Status. 23 Section 11.8 431 Election for Class A Units. 23 Section 12.1 Dissolving Events. 24 Section 12.2 Dissolution and Winding-Up. 24 Section 12.3 Distributions in Cash or in Kind. 25 Section 12.4 Termination. 25 Section 12.5 Claims of the Members. 25 Section 13.1 Definitions. 25 Section 14.1 No Conflict with the Plan. 32 Section 14.2 Amendments. 32 Section 14.3 Certain Tax Matters. 32 Section 14.4 Notices. 32 Section 14.5 Governing Law. 33 Section 14.6 Waiver of Jury Trial. 33 Section 14.7 Waiver of Partition. 33 Section 14.8 Severability. 33 Section 14.9 Headings, etc. 33 Section 14.10 Entire Agreement. 34 Section 14.11 Counterparts. 34 Section 14.12 Further Actions. 34 Section 14.13 Power of Attorney. 34 This Amended and Restated Limited Liability Company Agreement of WMG Management Holdings, LLC, dated as of December 4November , 2013, is entered into by the Company, AI Entertainment Management, LLC (the “Managing Member”) and the Persons listed on Schedule A attached hereto, as the same may be amended from time to time (the “Members”).

REDEMPTIONS AND FORFEITURES. Section 11.1 Company Option to Redeem Class A Units and Vested Class B Units. 19 Units 18 Section 11.2 Forfeiture of Class B Units. 20 Section 11.3 ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇.▇ Option of Service Members to Redeem Units. 21 Units 20 Section 11.4 Mandatory Redemption. 22 Redemption 21 Section 11.5 Redemption Mechanics. 22 Mechanics 21 Section 11.6 Limitation on Distributions. 23 Distributions 22 Section 11.7 Effect on Status. 23 Status 22 Section 11.8 431 Election for Class A Units. 23 Units 22 Section 12.1 Dissolving Events. 24 Events 23 Section 12.2 Dissolution and Winding-Up. 24 Up 23 Section 12.3 Distributions in Cash or in Kind. 25 Kind 24 Section 12.4 Termination. 25 Termination 24 Section 12.5 Claims of the Members. 25 Members 24 Section 13.1 Definitions. 25 Definitions 24 Section 14.1 No Conflict with the Plan. 32 Plan 30 Section 14.2 Amendments. 32 Amendments 30 Section 14.3 Certain Tax Matters. 32 Matters 30 Section 14.4 Notices. 32 Notices 31 Section 14.5 Governing Law. 33 Law 31 Section 14.6 Waiver of Jury Trial. 33 Trial 31 Section 14.7 Waiver of Partition. 33 Partition 32 Section 14.8 Severability. 33 Severability 32 Section 14.9 Headings, etc. 33 Headings 32 Section 14.10 Entire Agreement. 34 Agreement 32 Section 14.11 Counterparts. 34 Counterparts 32 Section 14.12 Further Actions. 34 Actions 32 Section 14.13 Power of Attorney. 34 Attorney 32 This Amended and Restated Limited Liability Company Agreement of WMG Management Holdings, LLC, dated as of December 4, 2013[·], is entered into by the Company, AI Entertainment Management, LLC (the “Managing Member”) and the Persons listed on Schedule A attached hereto, as the same may be amended from time to time (the “Members”).