Allocation of Class A Common Stock and Class B Common Stock Sample Clauses

Allocation of Class A Common Stock and Class B Common Stock. Notwithstanding anything to the contrary contained herein, in connection with any Subsequent Drawdown, each Purchaser’s investment will consist entirely of shares of Class A Common Stock; provided, however, that if the issuance of any shares of Class A Common Stock at any Drawdown Closing would result in the Purchasers and their affiliates owning in the aggregate more than 9.9% of any class of Voting Securities of the Corporation outstanding at such time (determined in accordance with Section 1.6 hereof) (assuming, for this purpose only, full conversion of all securities owned by the Purchasers and their affiliates that are convertible into or exercisable for Voting Securities (excluding shares of Class B Common Stock) and no conversion by other holders of such convertible securities), then the Purchasers shall purchase at such Drawdown Closing the highest number of shares of Class A Common Stock such that the Purchasers and their affiliates will not be deemed to own, control or have the power to vote, for purposes of the BHC Act and the rules and regulations promulgated thereunder, in the aggregate more than 9.9% of any class of Voting Securities of the Corporation outstanding at such time (determined in accordance with Section 1.6 hereof) (assuming, for this purpose only, full conversion of all securities owned by the Purchasers and their affiliates that are convertible into or exercisable for Voting Securities (excluding shares of Class B Common Stock) and no conversion by other holders of such convertible securities), and the remaining Drawdown Shares purchased at such Drawdown Closing shall consist of shares of Class B Common Stock.
Sample 1
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Related to Allocation of Class A Common Stock and Class B Common Stock

  • Class B Common Stock 2 Closing........................................................................5

  • Class A Common Stock Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock having a preference over or the right to participate with the Class A Common Stock with respect to the payment of dividends and other distributions in cash, stock of any corporation or property of the Corporation, the holders of Class A Common Stock shall be entitled to receive ratably, taken together as a single class, in proportion to the number of shares held by each such stockholder such dividends and other distributions as may from time to time be declared by the Board in its discretion out of the assets of the Corporation that are by law available therefor at such times and in such amounts as the Board in its discretion shall determine.

  • Reservation of Class A Ordinary Shares The Company shall at all times reserve and keep available a number of its authorized but unissued Class A ordinary shares that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.

  • Class B Units The term “Class B Units” means the Units having the privileges, preferences, and rights specified with respect to “Class B Units” in this Agreement, including those described in Section 7.1(c)(3).

  • ATTRIBUTION OF CLASS C SHARES Class C shares that are outstanding from time to time, shall be attributed to the Distributor and each Successor Distributor in accordance with the following rules;

  • Class A Shares Shares of the Company’s $0.01 par value common stock that have been designated as Class A.

  • Class B Shares As of December 1, 2009, Class B shares of the Virtus Mutual Funds are no longer available for purchase by new or existing shareholders, except for the reinvestment of dividends or capital gains distributions into existing Class B share accounts, and for exchanges from existing Class B share accounts to other Virtus Mutual Funds with Class B shares.

  • Class A Units If a Warrantholder exercises Warrants in connection with a tender offer for settlement prior to the First Regular Call Date, each Class A Unit called in connection with such exercise shall receive, in addition to principal and accrued interest, $1.50 per Class A Unit from the proceeds of the Warrant exercise. Class B Payments: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued Class B Payments on the Class B Units otherwise paid. If the Underlying Security Issuer redeems Underlying Securities and the previous paragraph does not apply, then the Class B Units designated for a redemption in connection with such redemption of Underlying Securities shall receive the amount with respect to the Class B Present Value Amount allocated for distribution in accordance with the applicable provisions of the Distribution Priorities below, paid as of the date of such redemption as an additional distribution.

  • Changes in Common Stock or Preferred Stock If, and as often as, there is any change in the Common Stock or the Preferred Stock by way of a stock split, stock dividend, combination or reclassification, or through a merger, consolidation, reorganization or recapitalization, or by any other means, appropriate adjustment shall be made in the provisions hereof so that the rights and privileges granted hereby shall continue with respect to the Common Stock or the Preferred Stock as so changed.

  • Series A Preferred Units (a) The authorized number of Series A Preferred Units shall be unlimited. Series A Preferred Units that are purchased or otherwise acquired by the Partnership shall be cancelled.

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