Class B-1 Stock definition

Class B-1 Stock means Capital Stock issued by the Bank that has the characteristics specified in Section 3.02 of the Capital Plan.
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Class B-1 Stock shall have the meaning as provided in Section B of Article IV.
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Class B-1 Stock means the subclass of Class B Stock that has the characteristics specified in Section 3.02 of this Plan.
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Examples of Class B-1 Stock in a sentence

  • The Board of Directors of the Bank hereby authorizes the issuance of one class of stock to be designated as Class B stock, divided into two sub-classes of capital stock to be designated as Class B-1 Stock and Class B-2 Stock, each of which will have a five year redemption notice period.

  • The Bank requires all members to purchase Class B Stock of the Bank and to maintain a minimum investment in Class B Stock equal to the sum of the membership investment requirement described in Section 4.1 plus the activity-based investment requirement described in Section 4.2. The membership investment requirement must be met with shares of Class B-1 Stock, and the activity-based investment requirement must be met with shares of Class B-2 Stock.

  • Except as otherwise expressly provided herein or as required by law, the holders of Class A Stock, Class B-1 Stock, Series B Preferred Stock and Class C Stock will vote together and not as separate classes.

  • Holders of shares of Class B-1 Stock, Series B Preferred Stock and Class C Stock may not vote, whether voting as a single or separate class, to increase the voting power of the Class B-1 Stock, Series B Preferred Stock and Class C Stock, but may, without the vote of holders of the Class A Stock, vote to reduce the voting power of the Class B-1 Stock, Series B Preferred Stock and Class C Stock.

  • The Board of Directors may declare dividends at the same rate for all shares of Class B Stock, or at different rates for Class B-1 Stock and Class B-2 Stock; provided that, in no event will the dividend rate on Class B-2 Stock be lower than the dividend rate on Class B-1 Stock.

  • If the Bank initiates the repurchase of an amount of all members’ Excess Stock, then for each member the Bank will repurchase shares of Class B-1 Stock that are Excess Stock until the designated total repurchase amount is repurchased.

  • Notwithstanding the foregoing, with respect to each of Class A Stock, Class B-1 Stock, Class B-2 Stock, Series B Preferred Stock and Class C Stock, in no event shall the authorized number of shares of such Capital Stock be less than the number of the then outstanding shares of such Capital Stock.

  • Each member must maintain at all times a membership investment requirement in Class B-1 Stock equal to the percentage specified from time to time by the Bank’s Board of Directors of the member’s total assets as of the most recent December 31, as reported on the member’s regulatory financial report for that date, or its audited financial statements for that date if the member does not file regulatory financial reports, subject to a minimum membership investment requirement of $1,000.

  • Proposers should describe their current and proposed benchmarking, KPI monitoring, and its method for regularly assessing compliance with EMS Medical Protocols.

  • A member that does not own enough Class B1 Stock to satisfy an increase in its Minimum Investment Requirement as a result of an increased activity stock requirement (including after any reclassification of shares as discussed directly above) must purchase an amount of additional shares of Class B1 Stock that is sufficient to satisfy the activity stock requirement.


More Definitions of Class B-1 Stock

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).
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Class B-1 Stock means the sub-class of Class B Stock eligible to meet the Membership Stock Requirement or Membership Stock Retention Requirement and the total Capital Stock held by an institution not required to meet the Member’s or Former Member’s Activity-Based Stock Requirement or Activity-Based Stock Retention Requirement, as applicable, and having such characteristics as specified in Sections II and VII.B. of this Capital Plan.
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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.
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Related to Class B-1 Stock

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto 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 one year.

  • Class C Shares means shares of the Class C Common Stock.

  • 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, nominal value $0.0001 per share, of the Company.

  • 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 Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.

  • 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 $0.0001 per share.

  • Series B-1 Preferred Shares means the Company’s series B-1 preferred shares, par value US$0.00001 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 I Shares means Class I Shares in the Company as set forth in the relevant

  • 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.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • 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 the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

  • 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, nominal value $1,000, of the Company.

  • 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.