Major Investor Equity

Major Investor Equity. Means (i) the Investors LLC Preferred Units issued pursuant to the Investor Purchase Agreement or Section 3.1(g) of the Investors LLC Agreement to MDCP, MSCP, BV and VPVP (each as defined in the LLC Agreement), (ii) upon and after the dissolution or liquidation of Investors LLC, the securities distributed in respect of the securities referred to in clause (i) above pursuant to such dissolution or liquidation, and (iii) any securities issued directly or indirectly with respect to the foregoing... securities by way of a split, dividend, distribution or other division of securities, or in connection with a combination or exchange of securities, recapitalization, merger, consolidation, or other reorganization, or upon conversion or exercise of the foregoing (but not including any Investors LLC Class D Units issued in exchange for Investors LLC Preferred Units or any securities issued in exchange for such Investors LLC Class D Units). As to any particular securities constituting Major Investor Equity, such securities shall cease to be Major Investor Equity when they have been (a) effectively registered under the Securities Act and disposed of in accordance with the registration statement covering them, (b) distributed to the public pursuant to Rule 144 under the Securities Act (or any similar provision then in force) or (c) repurchased by any of the Company Parties (including in exchange for Class D Units). View More