Required Number

Example Definitions of "Required Number"
Required Number. The number of Class A Interests or Class A Equivalents to be purchased by Holdings from VoteCo pursuant to the exercise by Holdings of its option to purchase Class A Interests or Class A Equivalents pursuant to the provisions of Section 3 hereof, in connection with an Approved Sale, as specified by Holdings in a Call Notice delivered by Holdings to VoteCo; provided that unless otherwise approved by the Holdings Managing Member, such specified number shall be equal to the product of (i) the... number of Class A Interests or Class A Equivalents, as applicable, held by VoteCo immediately prior to the consummation of such Approved Sale times (ii) a fraction, the numerator of which is the number of Class B Interests or Corresponding Class B Equivalents, as applicable, to be Transferred by Holdings to such Approved Purchaser pursuant to such Approved Sale and the denominator of which is the total number of Class B Interests or Corresponding Class B Equivalents, as applicable, held by Holdings immediately prior to consummation of such Approved Sale View More
All Definitions