Examples of Class B-2 Common Stock in a sentence
Purchaser desires to subscribe for and purchase [146,778,755] shares of Class B-2 Common Stock of the Company in accordance with the terms of this Agreement, and the Company desires to issue and sell such shares of Class B-2 Common Stock to Purchaser in accordance with the terms hereof.
A Director can be removed and/or replaced at any time, with or without cause, as determined by the affirmative vote of the holders of at least a majority of the outstanding Class A Common Stock and Class B-2 Common Stock of the Company, except that the MGG and OTPP designees may only be removed by the stockholders following a request from MGG and OTPP, respectively, and any independent director may only be removed by the stockholders following a joint request from the Major Stockholders.
The number of outstanding shares of Class B-1 Common Stock and Class B-2 Common Stock must be equal to each other at all times, and the Corporation shall not have power to issue, dispose from treasury, or acquire (whether by repurchase, redemption, surrender or otherwise) shares of Class B-1 Common Stock or Class B-2 Common Stock unless, immediately following such issuance, disposition or acquisition, there shall be an equal number of outstanding shares of Class B-1 Common Stock and Class B-2 Common Stock.
Subject to Article FOURTH Section (B)(8)(ii)(C), shares of Class B-1 Common Stock shall be convertible at any time into an equal number of shares of Class A Common Stock at the option of the holder of such shares of Class B-1 Common Stock, if and only if contemporaneously with such conversion, an equal number of shares of Class B-2 Common Stock are redeemed by the Corporation pursuant to Article FOURTH Section (B)(8)(ii)(C).
Any such holder converting any of its shares of Class A Common Stock may require that any such shares of Class B-2 Common Stock (that would otherwise be issued to such holder pursuant to such conversion) be issued to any of its Affiliates (as defined in the Stockholders Agreement (as defined below)) or any holder of Class B-2 Common Stock as may be designated by such requesting holder.