Class C Common Measuring Date definition
Examples of Class C Common Measuring Date in a sentence
On the Class C Common Measuring Date, the number of Class C Common Units issued to Bresnan Holders will be the number of Class C Common Units determined in accordance with the formula contained in Exhibit I of the Bresnan Purchase Agreement.
The Manager shall make such adjustments as it deems necessary or appropriate so that Bresnan Holders and their transferees are treated as having received the appropriate number of Class C Common Units on the Class C Common Measuring Date.
The relevant provisions shall be given effect only upon and to the extent of the consummation of each of such transactions on the Class C Common Measuring Date and the Class D Common Measuring Date.
In accordance with Paragraphs E and F of Exhibit I of the Bresnan Purchase Agreement, (i) the Company may issue additional Class C Common Units to the Bresnan Holders and their transferees or (ii) the Bresnan Holders and their transferees may surrender to the Company some of the Class C Common Units issued on the Class C Common Measuring Date.
In accordance with such formula, after the Class C Common Measuring Date, the Company may issue additional Class C Common Units to Bresnan Holders and their transferees, or Bresnan Holders and their transferees may surrender to the Company a certain number of Class C Common Units issued on the Class C Common Measuring Date.
On the Class C Common Measuring Date, in connection with the closing of the transaction contemplated by the Bresnan Purchase Agreement and pursuant to the Falcon Purchase Agreement, the Company issued (i) Three Hundred Forty-Nine Thousand One Hundred Sixty-Two (349,162) additional Class B Common Units to PublicCo (as a successor in interest of FHGLP), and (ii) Twenty-Nine Thousand Nine Hundred Thirty-Six (29,936) additional Class A Common Units to Vulcan Cable (as a successor-in-interest of FHGLP).
Without the need for any additional act or consent of any Person, (i) CII, Vulcan Cable, the Rifk▇▇ ▇▇▇ders listed on Schedule A, and PublicCo shall continue to be members of the Company, and (ii) the Bresnan Holders shall be admitted as members of the Company on the Class C Common Measuring Date.
The Manager shall make such adjustments as it deems necessary or appropriate so that Bresnan Holders and their transferees are treated as having received all of the Class C Common Units required to be issued pursuant to the Bresnan Purchase Agreement on the Class C Common Measuring Date.
On the Class C Common Measuring Date, the Company shall issue to Bresnan Holders the number of Class C Common Units set forth on Schedule A attached hereto.
On the Class C Common Measuring Date, the Bresnan Holders contributed the Bresnan Contributed Interest to the Company in exchange for Fourteen Million Seven Hundred Ninety-Five Thousand Nine Hundred Ninety-Five (14,795,995) Class C Common Units pursuant to the Bresnan Purchase Agreement.