Examples of Class C Common Stock in a sentence
The undersigned Holder desires to transfer to Pubco the number of (i) shares of Class C Common Stock plus Common Units set forth below (together, the “Paired Interests”) in Exchange for shares of Class A Common Stock (the “Deliverable Common Stock”) to be issued in its name as set forth below, in accordance with the terms of the Exchange Agreement.
The Company may not redeem any shares of Class C Common Stock without the unanimous approval of the Board.
To the extent this is not possible, the basis of the Class V Common Stock must be allocated to the Class C Common Stock (including any fractional Class C Common Stock) in a manner that minimizes the disparity in the holding periods of the Class V Common Stock, whose basis is allocated to any particular share of Class C Common Stock.
If blocks of Class V Common Stock were acquired at different times or for different prices the tax basis in Class V Common Stock, unless otherwise specifically designated by such holder, should be allocated to the Class C Common Stock (or allocable portions thereof) received (including any fractional Class C Common Stock) in a manner that reflects, to the greatest extent possible, blocks of Class V Common Stock that were acquired on the same date and at the same price.
This may result in some shares of Class C Common Stock having split basis and holding period segments.