Class A Voting Units definition
Examples of Class A Voting Units in a sentence
Upon delivery of the Appleton Class A Voting Units pursuant to this Agreement, Buyer shall have good title to such Units free and clear of any Liens, other than any restrictions under the Securities Act, any state “blue sky” Securities Laws, the Appleton LLC Agreement or this Agreement and other than arising as a result of any Contractual obligations of Buyer.
Parent’s capital account with respect to the newly issued New Crumbs Class A Voting Units shall be equal to the capital account of the cancelled New Crumbs Class B Exchangeable Units.
Notwithstanding anything herein to the contrary, the Company shall not issue (i) New Crumbs Class A Voting Units to any Person other than the Class A Holder or (ii) New Crumbs Class B Exchangeable Units to any Person other than pursuant to the Exchange Agreement or the Business Combination Agreement.
Name: Title: Acknowledged by: Name: Title: Table of Contents Holders of Appleton Class B Exchangeable Units Holders of Appleton Class A Voting Units ▇▇▇▇▇ Acquisition Company II, Inc.
At any time a share of Common Stock is redeemed, repurchased, acquired, cancelled or terminated by the Class A Holder, one Appleton Class A Voting Unit registered in the name of the Class A Holder will hereby automatically be cancelled for no consideration by the Company so that the number of Appleton Class A Voting Units held by the Class A Holder at all times equals the number of shares of Common Stock outstanding.
Holders of Class A Voting Units shall vote together with all other classes entitled to vote at any annual or special meeting of the Members and not as a separate class except as otherwise provided by law and may act by written consent.
In addition, the Company shall issue such additional New Crumbs Class A Voting Units to the Class A Holder as required pursuant to Section 3.4(b) and/or the Exchange Agreement (each such issuance a “Required Class A Issuance” and together with the Required Class B Issuances, the “Required Issuances”).
Each holder of Class A Voting Units shall be entitled to the number of votes equal to the number of Class A Voting Units held.
The Company is authorized to issue two classes of Units to be designated, respectively, “Class A Voting Units” and “Class B Nonvoting Units” and collectively, the “Units.” The total number of Units which the Company is authorized to issue is 250,000,000 Units, consisting of 125,000,000 Class A Voting Units and 125,000,000 Class B Nonvoting Units.
Currently the Company is authorized to issue only Class B Exchangeable Units and Appleton Class A Voting Units, which shall carry the same economic rights and obligations and shall differ only as to voting rights as set forth herein.