Class B Holdco definition
Examples of Class B Holdco in a sentence
The Parties hereto further agree that if the Dual Class Capitalization is adopted prior to Closing, Class B Holdco Shares shall be issued and reserved exclusively for the Founder Shareholders and/or their wholly-owned entities, and Sections 1.3(b) and 1.4 shall be automatically adjusted so that any Holdco Shares to be issued to Founder Shareholders and/or their wholly-owned entities pursuant to these provisions shall be Class B Holdco Shares.
Simultaneously with the Contribution, AssetCo shall cause Class B HoldCo to recapitalize the interests held by AssetCo in Class B HoldCo prior to the Transaction into 100% of the Class A limited liability company interests of Class B Holdco (collectively with the Contribution, the “Transaction”).