Examples of Class A Stockholder in a sentence
In any 90-day period, the Trust may Transfer such number of Shares equal to up to one percent of all of the issued and outstanding Shares at the Market Price Per Share in one or more transactions satisfying the “manner of sale” requirements of subsection (f) of Rule 144 promulgated under the Securities Act of 1933; provided, however that the Trust shall first offer to sell such shares to the Class A Stockholder at the Market Price Per Share in a written offer.
Within thirty (30) days of the execution of this Lockup Agreement the Trust and the Class A Stockholder will select a mutually acceptable arbitrator to conduct any arbitration.
Prior to the occurrence of a Termination Event, each Class A Stockholder (an “Offeree”) shall have a right to purchase, on the basis of each such Stockholder’s pro-rata portion of all outstanding shares of the Corporation on an as-if-converted basis, all (or any part) of New Securities (as defined below) that the Corporation may, from time to time, propose to sell and issue.
Should the Class A Stockholder own in excess of 50% of the outstanding common stock and there is no Class B Common Stock outstanding, the Class A Stockholder may, by giving written notice to the Company, immediately terminate this Agreement.
Without limiting the generality of the foregoing, Pivotal agrees that except in the event of an Adverse Recommendation Change specifically permitted by section 5.2(d), Pivotal shall use commercially reasonable efforts to solicit proxies to obtain the Pivotal Class A Stockholder Approval.