Examples of Class A Shareholders in a sentence
Class A Shareholders may appoint all directors to the Board and may also appoint and remove the Chair of the Board, in both cases by written notice to HoldCo. The Chair will have a casting vote.
Accordingly, if the holder of one class of Shares (e.g., Class A Shareholders) also becomes in any way the holder of one or more Shares belonging to a different class (e.g. Class B Shares), such Shares will automatically be converted into Shares of the class of Shares of which the purchaser is the holder (e.g., Class A Shares) and will therefore be subject to the rights and obligations of that class of Shares.
Available Cash shall, subject to Section 17-607 of the Delaware Act, be distributed, except as otherwise contemplated by Section 5.5 in respect of other Partnership Interests issued pursuant thereto, 100% to the Class A Shareholders Pro Rata.
The following table details the distributions paid to Class A shareholders during the periods indicated (in millions, except per share data): Year Distributions to Class A Shareholders Distributions per Class A Share 2017 $ 271 $ 1.95 2016 $ 234 $ 2.40 2015 $ 195 $ 2.35 On January 8, 2018, we declared a cash distribution of $0.30 per outstanding Class A share.
Each Class A Shareholder shall be entitled to receive Notice of any Meeting of the Company and, if a poll is demanded, to 1 (one) vote per Class A Share on any matter on which the Class A Shareholders are entitled to vote at Class meetings.