Rollover Commitment Letter (LLC) | Practical Law
A rollover commitment letter to be used in connection with a private equity buyout. This letter agreement sets out the terms and conditions by which a securityholder of the target company commits to exchange (rollover) existing target-company equity held by the securityholder for equity in a newly formed LLC holding company formed by the sponsor to acquire the target company. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.