Examples of Class A Provisions in a sentence
The Class A Provisions are intended for the benefit of the Class A Holders only, and nothing in the Class A Provisions is intended or will be construed to confer upon or to give any third party or other stockholder of this Corporation any rights or remedies by virtue hereof.
Any term of the Class A Provisions may be waived by the holders of at least two-thirds of the votes represented by the outstanding shares of Class A Stock, voting together as a single class.
If after the date hereof all outstanding shares of Class A Stock shall have been converted into Non-Class A Common Stock pursuant to the Class A Provisions, each share of Series 3 PCS Stock to have been issued by Sprint pursuant to this Agreement shall instead be issued as one duly issued, fully paid and nonassessable share of Series 1 PCS Stock.
Except as otherwise provided in Section 2(a) of ARTICLE FIFTH or in the Class A Provisions, the Class A Holders shall not have, nor be entitled to, a class vote with respect to any matter to be voted on by the stockholders of this Corporation.
Notwithstanding anything in this Article II to the contrary, the restrictions on Transfer set forth in this Article II (not including Section 2.9) shall not apply to any conversion or exchange of Shares in connection with a Strategic Merger or any other merger or other business combination not prohibited by the Class A Provisions or a Transfer into a tender offer made by the Company for Shares.
Any such conversion of Class A Stock pursuant to this clause (f) shall not be considered to be an acquisition of Common Stock for purposes of Section 7(i) of the Class A Provisions.
Unless and until changed in accordance with these Class A Provisions, the Conversion Basis shall be the number determined by dividing $100 by 120% of the greater of $13 and an amount equal to the arithmetic weighted average of the board lot prices for sales of Common Shares on the Toronto Stock Exchange for the 15 consecutive trading days immediately preceding the Initial Issue Date.
If, pursuant to Section 3(b)(iii)(x), 3(b)(iii)(y)(3)(A) or 3(b)(iii)(y)(4)(B) of the Class A Provisions, the parties shall be entitled to Fix the Conversion Price of their Class A Preference Stock at the Target Price, the New Target Price or 93.308% of the New Target Price, as the case may be, they shall confer in a timely manner and shall make reasonable efforts to agree on whether or not to exercise such election.
In addition, shares of Class A Preference Stock shall convert, without the requirement of any payment by the Class A Holders, as otherwise provided in these Class A Provisions.
Except as otherwise provided by law, in Section 2(a) of ARTICLE FIFTH or in the Class A Provisions, the Class A Holders shall not have, nor be entitled to, a class vote with respect to any matter to be voted on by the stockholders of this Corporation.