Examples of Class B in a sentence
Holder elects to exercise the Warrant to Purchase Stock dated ________________ and initially issued to _______________ (the “Warrant”) to purchase ________ shares of Class B Common Stock of Domo, Inc.
If the Company declares or pays a dividend on the outstanding shares of Stock payable in Class B Common Stock, other securities or other property, then upon exercise of this Warrant, for each share of Stock acquired, Holder shall receive, without cost to Holder, the total number and kind of securities or property to which Holder would have been entitled had Holder owned the Stock of record as of the date the dividend occurred.
In no event shall either Class A Shares or Class B Shares be split, divided, or combined unless the Outstanding Shares of the other class shall be proportionately split, divided or combined.
Class B Shares shall be redeemable for Class A Shares on the terms and subject to the conditions set forth in the OpCo LLC Agreement.
Immediately following the consummation of the transactions contemplated in Section 1.2, LB Holdings shall contribute $[•] to LandBridge in exchange for [•] of LandBridge’s Class B shares representing limited liability company interests (“Class B shares”).