B Share definition

B Share means (i) a non-voting class B ordinary share of US$10.22343609 in the capital of the Company from time to time, and (ii) any other shares in the capital of the Company which are designated as B Shares, whether with the same or a different nominal value;

B Share means a participating share of no par value in the capital of the Fund which has been designated as a B share and which may be accumulating or distributing in nature;

B Share means a B share of US$ 1 in the share capital of the Company;

Examples of B Share in a sentence

• Each Class B Share is intended to be treated as a profits interest for U.S. federal income tax purposes, and all of the Members agree to report consistently with, and to take any action requested by the Board to ensure, such treatment.

• Subject to the termination provisions in the Class B Plan, the distribution fee with respect to the sale of a Class B Share shall be earned when such Class B Share is sold and shall be payable from time to time as provided in the Class B Plan.

• Each Class B Share of the Fund shall be converted automatically, and without any action or choice on the part of the Shareholder thereof, into Class A Share of the Fund at such times and pursuant to such terms, conditions and restrictions as may be established by the Trustees and as set forth in the Fund's Prospectus.

• Each Class B Share and certain Class C Shares of the Trust shall be converted automatically, and without any action or choice on the part of the Shareholder thereof, into Class A Shares of the Trust at such times and pursuant to such terms, conditions and restrictions as may be established by the Trustees and as set forth in the Trust's Prospectus.

• Each Class B Share and certain Class C Shares of the Fund shall be converted automatically, and without any action or choice on the part of the Shareholder thereof, into Class A Shares of the Fund at such times and pursuant to such terms, conditions and restrictions as may be established by the Trustees and as set forth in the Fund's Prospectus.

More Definitions of B Share

B Share means a class B share of US$1 par value in the share capital of the Company having the rights and benefits and subject to the restrictions set out in these Articles;

B Share means a redeemable B ordinary share of $0.016281 in the Company;

B Share means 1 (one) transferable, no par value shares in the share capital of the Company with limited votes and having the preferences, rights, limitations and other terms set out in this Annexure A;

B Share means a B Share in the Company, as set out in the Constitution. B Shareholder means a holder of B Shares.

B Share means a B ordinary share of no par value in the capital of the Company;

B Share means a participating share of no par value in the capital of the Fund which has been designated as a B share and which will not pay a dividend;

B Share means a Share which confers on the holder the powers set out in clause 11.1(c) of this Constitution;