Class B-1 Stock definition

Class B-1 Stock means the shares of Class B-1 common stock, par value $0.0001 per share, of the Company. “Class B-2 Stock” means the shares of Class B-2 common stock, par value $0.0001 per share, of the Company. “Class C Stock” means the shares of Class C-1 Stock and Class C-2 Stock.
Class B-1 Stock shall have the meaning as provided in Section B of Article IV.
Class B-1 Stock means the subclass of Class B Stock that has the characteristics specified in Section 3.02 of this Plan.

More Definitions of Class B-1 Stock

Class B-1 Stock means Capital Stock issued by the Bank that has the characteristics specified in Section 3.02 of the Capital Plan.
Class B-1 Stock has the meaning set forth in the Recitals. “Class C-1 Stock” has the meaning set forth in the Recitals. “Class C-2 Stock” has the meaning set forth in the Recitals. “Class C-3 Stock” has the meaning set forth in the Recitals. “Class D-1 Stock” has the meaning set forth in the Recitals. “Class D-2 Stock” has the meaning set forth in the Recitals. “Class D-3 Stock” has the meaning set forth in the Recitals. “Clean Team Confidentiality Agreement” means that certain Clean Team Confidentiality Agreement, dated as of December 13, 2023, by and between the Company and DK HoldCo. “Closing” has the meaning set forth in Section 1.3. “Closing Date” has the meaning set forth in Section 1.3 “Closing Indebtedness” means the Indebtedness of the Company as of immediately prior to the Closing, which includes, for the avoidance of doubt, Indebtedness under the MVB Loan Documents. For the avoidance of doubt, Closing Indebtedness shall not include any Company Transaction Expenses or any amounts included in Net Working Capital. “Closing Parent Trading Price” means the volume-weighted average of the closing prices per share of Parent Common Stock on the NASDAQ (as reported in the New York City edition of The Wall Street Journal or, if not reported thereby, as reported in another authoritative source mutually agreed by the Company and Parent) for the thirty (30) consecutive full trading days ending on second trading day immediately preceding the Closing Date. For all purposes of this Agreement, the Closing Parent Trading Price shall be calculated to the nearest one-hundredth of one cent. “Closing Payments Fund” has the meaning set forth in Section 2.5(b). “Code” has the meaning set forth in the Recitals. “Common Stock” has the meaning set forth in the Recitals. “Company” has the meaning set forth in the Preamble. “Company Board” has the meaning set forth in the Recitals. “Company Capital Stock” has the meaning set forth in the Recitals. “Company Capital Stock Closing Consideration” has the meaning set forth in Section 2.1(b)(ii).

Related to Class B-1 Stock

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Class A Shares means the Class A ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class A Shares, and having the rights provided for in these Articles.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class A Stock means the Company's Class A Common Stock, par value $0.01 per share.

  • Class B Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Class B Common Stock means the Class B common stock, par value $0.0001 per share, of the Company.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class B Common Shares means shares of Class B Common Stock.

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Class B Preferred Stock means the Class B Preferred Stock of the Company, par value $0.0001 per share.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class B Interests As set forth in the Trust Agreement.

  • Class D Common Stock means the Class D Common Stock, par value $0.01 per share, of the Company.

  • Class A Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class A Ordinary Shares and having the rights provided for in these Articles;